Fresnillo plc: Update to Discussion of Key Rating Factors Following Outlook Change
CORPORATES CREDIT OPINION 7 June 2017 Update RATINGS Fresnillo plc Domicile United Kingdom Long Term Rating Baa2 Type Senior Unsecured - Fgn Curr Outlook Positive Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Marie Fischer-Sabatie 52-55-1555-5312 Senior Vice President marie.fischFresnillo is a holding company, engaged in the mining and beneficiation of non-ferrous minerals, and the sale of related production. At Dec 31 2016, Co. had six reportable operating segments: the Fresnillo mine, an underground silver mine; the Saucito mine, an underground silver mine; the CiA(c)nega mine, an underground gold mine; including the San RamA3n satellite mine; the Herradura mine, a surface gold mine; the Soledad-Dipolos mine, a surface gold mine; and the Noche Buena mine, a surface gold mine. In addition, Co. has two development projects, which comprised of: Pyrites Plant, a Leaching plant; and San Julian (phase II), an underground mine, flotation plant and a dynamic leaching plant.
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