Fresnillo Results Presentation Deck

RESERVES & RESOURCES STRONG SILVER RESOURCE & RESERVES BASES SILVER RESOURCES 2,320Moz 2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 600,000 500,000 400,000 300,000 200,000 100,000 2,292,509 0 Resources 2020 79,723 12,682 SILVER RESERVES 419,825Koz 457,518 Tonnes: -1.2% Ag grade: +12.7% 2021 Ag resources: 797 moz (+11.1%) Fresnillo Reserves 2020 San Julián Veins 18,782 7,831 San Julián Veins Lucerito 894 4,973 Tonnes: 52.2% Ag grade: 19.6% 2021 Ag reserves: 41.6 moz (+82.3%) Ciénega Total silver resources 3,853 Guanajuato Pilarica 2,992 -1,404 Others Total silver reserves -9,818 2020 Juanicipio 2,292,509 2,319,687 27,179 -2,382 -9,538 -12,118 -60,199 Tonnes: -7.2% Ag grade: -3.7% 2021 Ag resources: 505 moz (-10.6%) Cienega 2020 457,518 2021** -14,660 Juanicipio San Julián DOB Saucito San Julián DOB 2021** 419,825 -31,486 Tonnes: -14.1% Ag grade: -11.7% 2021 Ag reserves: 99.5 moz (-24.0%) Koz Fresnillo CHANGE Saucito Metal price assumptions considered for the calculation of metal equivalent grades are: Gold (US$/oz 1,450.00), Silver (US$/oz 18.50), Lead (US$/lb 0.90) and Zinc (US$/lb 1.20). *For Resources: At 2021 group production levels using only Measured and Indicated Resources, for Reserves: At 2021 group production levels. ** Using a cut-off date of 31st May 2021 for all mines except Juanicipio, which used a cut-off date of 31 December 2021. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Koz -37,693 % +1.2% 2,319,687 CHANGE Resources 2021 419,825 Reserves 2021 % -8.2% RESOURCES ● ● ● ● Total of 2,320 moz silver resources (23.6 years of equivalent production*) RESERVES Resources increased 1.2% vs. 2020, primarily due to successful exploration at Fresnillo and San Julián (Veins), partly offset by depletion and a higher cut off grade at Saucito and San Julián (DOB) ● 18 Majority of the decrease seen at Saucito was from the inferred category Reserves decreased 8.2% vs. 2020 • Total of 419.8 moz silver reserves (8.4 years of equivalent production*) • Reduction of reserves mainly due to depletion and infill drilling results below expectations at Fresnillo, and depletion at Saucito and San Julián (DOB), mitigated by exploration at San Julián (veins) Majority of drilling focused on infill, certifying the reserves rather than step-out, increasing reserves

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