WE ARE A LEADING PRECIOUS METALS GROUP WITH SIGNIFICANT EXPERIENCE AND EXPERTISE IN ALL ASPECTS OF MINING, FROM EXPLORATION THROUGH TO MINE CONSTRUCTION AND OPERATION

Our Strategy

> Fresnillo Strategy Overview

LEADERSHIP – QUALITY – SUSTAINABLE GROWTH

The Fresnillo Group seeks to create value for stakeholders across precious metals cycles through ongoing investment in exploration and mine development, operational excellence, and a strong commitment to disciplined and sustainable growth.

Our goal is to consolidate and maintain the Group’s position as the world’s leading producer of silver and a top Mexican producer of gold, producing 65 million ounces of silver per year and 500,000 ounces of gold per year by 2018, and supporting that level of production for at least 10 years.

The four components of our strategy are outlined herein, along with the key performance indicators that monitor the effectiveness of each strategy over time.

INVESTING ACROSS METAL PRICE CYCLES, DELIVERING GROWTH THROUGH DEVELOPMENT PROJECTS AND MAXIMISING THE POTENTIAL OF EXISTING OPERATIONS WILL CONTINUE TO BE A HALLMARK OF OUR VALUE-CREATION STRATEGY

> The Four Components of Fresnillo's Strategy

1. Maximising the potential of existing operations

2. Deliver growth through development projects

3. Extend the growth pipeline

4. Advance our sustainable development