Fresnillo Share Price Rose on Two Newly Created Executive Roles

The Fresnillo Plc (LON: FRES) share price rose 2.32% after the mining and exploration company announced that it had created two new executive roles. The company has established two new executive positions dedicated to its operations and projects: the Chief Operating Officer North and the Chief Operating Officer Central.

Tomás Iturriaga, who has been at the helm of the Company's operations for the past three years, will continue to serve as the Chief Operating Officer of the Central Operations. This division encompasses the Fresnillo, Saucito, and Juanicipio mines and the advanced exploration projects of Orisyvo and Guanajuato.

In a move aimed at overseeing the Herradura, Ciénega, and San Julián mines, as well as the Tajitos, Rodeo, and Capricornio projects, Fresnillo is proud to introduce Daniel Diez as the Chief Operating Officer of the Northern Region, effective from December 1, 2023.

Mr Diez's appointment is a testament to his extensive 24-year tenure in the mining sector, where he has amassed a wealth of knowledge and experience across various facets of the industry. 

His journey in mining has taken him to diverse geographic regions, including Chile, Australia, Pakistan, and Brazil, offering him a unique perspective on the global mining landscape.

Before joining Fresnillo, Mr. Diez played a pivotal role in leading Gold Fields' operations in Chile, where he oversaw the development of the Salares Norte project—an exceptional high-grade, gold-silver, open-pit deposit nestled in the High Andes of northern Chile.

Mr Diez's professional journey also included a Mining Expert (LATAM) role at McKinsey & Company, showcasing his strategic prowess in the industry. Furthermore, he has held development positions at prominent mining companies such as Xstrata and Antofagasta.

His expertise and leadership have been recognised through board memberships, including Minera Alumbrera Ltd., and as Chairman of the Board of Directors of MARA, a joint venture between Yamana, Glencore, and Newmont, as well as Minera Alumbrera Limited.

Octavio Alvídrez, Fresnillo’s Chief Executive Officer, said: “Daniel is a fantastic addition to our senior team. He brings with him considerable experience in the mining sector and a proven track record of developing mining assets. Daniel and Tomás will work together to further improve operational performance while overseeing the development of our extensive pipeline in their respective regions.”

Fresnillo share price. 

The Fesnillo share price rose 2.32% to trade at 595.90p from Thursday’s closing price of 582.40p.