Fresnillo places 19.6m shares with existing investor

Mining group Fresnillo has announced plans to issue just over 19.6m shares - equal to around 2.74 per cent of the current shares in the company - to funds and accounts managed by First Eagle Investment Management, an existing shareholder.

Mining group Fresnillo has announced plans to issue just over 19.6m shares - equal to around 2.74 per cent of the current shares in the company - to funds and accounts managed by First Eagle Investment Management, an existing shareholder.

The shares will be subscribed for at a price of 1,130p each, marking a 1.99% discount to the closing price on April 26th.

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