PRESS RELEASE

Fresnillo appoints COO

By
Wednesday, January 9, 2019

PRESS RELEASE

Fresnillo is pleased to confirm the appointment of Mr André Sougarret Larroquete as Chief Operating Officer. In his role, Mr Sougarret Larroquete will oversee the safe and efficient running of our existing mines.

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Mr Sougarret Larroquete (53) brings with him a significant track record in the mining sector. His most recent appointment was as Executive Vice President at the National Mining Company (ENAMI), an organisation responsible for the growth of the mining industry in Chile. Prior to joining ENAMI, Mr Sougarret Larroquete held several positions at the Teniente Division of Codelco implementing best practice methods across the entire division. In addition to his significant sector experience, Mr Sougarret Larroquete shares Fresnillo's cultural commitment to safety and providing its workers with safe working environments. Mr Sougarret Larroquete's previous roles also include General Manager of the Centinela and Esperanza mines at Antofagasta plc. He has a degree in Mining Engineering from the University of Chile and an MBA in Company Administration from Loyola College.

Mr Sougarret Larroquete joins Fresnillo following the retirement of Mr Roberto Díaz. Mr Díaz has had a remarkable career in the mining industry and with Fresnillo, starting his career with Fresnillo's parent company Peñoles in 1977. Following other roles around the world, he rejoined Peñoles in 2007. Before being appointed COO in 2013, he has served as Vice President of Operations.

Octavio Alvídrez, CEO of Fresnillo said:

"I would like to welcome André to Fresnillo. He has an outstanding track record and we have no doubt he will provide strong operational leadership as we deliver on the significant potential of Fresnillo, both in terms of its existing portfolio, but also its extensive growth pipeline. On behalf of the Board, and the whole company, I would like to thank Roberto for the huge contribution he has made to Fresnillo. He will be greatly missed and we wish him every happiness in his retirement."