Update on silverstream agreement with Peñoles

November 12, 2024

Fresnillo plc ("Fresnillo" or the "Company") has received notification from Industrias Peñoles, S.A.B. de C.V. ("Peñoles"), that its Sabinas mine is experiencing operational difficulties impacting silver production.

The Sabinas mine, fully owned by Peñoles, is the subject and mineral source of the Silverstream Agreement entered into by Fresnillo and Peñoles in December 2007.

Fresnillo and Peñoles have initiated discussions in order to assess the extent of these operational difficulties and any associated impact on the Silverstream Agreement. Although it is too early to reach any specific conclusions, at this time Fresnillo considers that there is a reasonable likelihood that the process may lead to significant adjustments to the Silverstream Agreement.

The Company will provide a further update as and when more information becomes available.

The information contained within this announcement is deemed by Fresnillo plc to constitute inside information as stipulated under the UK version of the Market Abuse Regulation (EU) No. 596/2014 which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The person making the notification is Gustavo Alarcón, General Counsel and Compliance Officer of Fresnillo plc. The time of the notification is 7:00 am UK time.

For further information, please visit our website www.fresnilloplc.com or contact:

FRESNILLO PLC   London Office                                    Gabriela Mayor, Head of Investor Relations Mark Mochalski	Tel: +44 (0)20 7399 2470
Mexico City Office Ana Belem Zárate	Tel: +52 55 52 79 3206
SODALI Peter Ogden	Tel: +44 (0)7793 858 211