Buenaventura Announces First Quarter and 2017 Estimated Production per Metal Results
April 11 2017 - 6:59PM
Business Wire
Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or
“the Company”) (NYSE:BVN; Lima Stock Exchange: BUE.LM), Peru’s
largest publicly-traded precious metals mining company, today
announced preliminary 1Q17 production results and 2017 operating
guidance (100% basis).
1Q17 Production per Metal and
2017 Operating Guidance (100% basis)
1Q17
(Actual) 2017 (Estimated) Gold
(Oz.)
Orcopampa 42,332
180K - 190K
Tambomayo -
60K - 90K
La Zanja 32,255
115K - 125K
Tantahuatay 31,245
145K - 155K
Yanacocha 137,622
530K - 560K
Silver (Oz.)
Uchucchacua 4,021,722
16.0M - 17.0M
Julcani 666,236
3.0M - 3.4M
Mallay 320,372 1.5M
- 1.7M
Tambomayo - 1.6M - 1.9M
El Brocal 1,044,908 3.5M - 4.5M
Zinc (MT)
El Brocal 16,903 60K - 70K
Uchucchacua 1,882 6.5K - 7.5K
Mallay 2,174
11.5K - 12.5K
Tambomayo -
2K - 5K
Copper (MT)
El Brocal 11,155 55K - 65K
Cerro Verde TBA
500K - 550K
Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest,
publicly traded precious metals Company and a major holder of
mining rights in Peru. The Company is engaged in the mining,
processing, development and exploration of gold and silver and
other metals via wholly owned mines and through its participation
in joint exploration projects.
Buenaventura currently operates several mines in Peru
(Orcopampa*, Uchucchacua*, Mallay*, Julcani*, Tambomayo*, El
Brocal, La Zanja and Coimolache) and is developing the San Gabriel
Project.
The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership
with Newmont Mining Corporation), an important precious metal
producer and 19.58% of Sociedad Minera Cerro Verde, an important
Peruvian copper producer.For a printed version of the Company’s
2015 Form 20-F, please contact the persons indicated above, or
download a PDF format file from the Company’s web site.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release may contain forward-looking information (as
defined in the U.S. Private Securities Litigation Reform Act of
1995) that involve risks and uncertainties, including those
concerning the Company’s, Yanacocha’s and Cerro Verde’s costs and
expenses, results of exploration, the continued improving
efficiency of operations, prevailing market prices of gold, silver,
copper and other metals mined, the success of joint ventures,
estimates of future explorations, development and production,
subsidiaries’ plans for capital expenditures, estimates of reserves
and Peruvian political, economic, social and legal developments.
These forward-looking statements reflect the Company’s view with
respect to the Company’s, Yanacocha’s and Cerro Verde’s future
financial performance. Actual results could differ materially from
those projected in the forward-looking statements as a result of a
variety of factors discussed elsewhere in this Press Release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170411006314/en/
Compañia de Minas Buenaventura S.A.A.Lima:Carlos Galvez,
511-419-2540Chief Financial OfficerorRodrigo Echecopar,
511-419-2609Investor Relations
Coordinatorrodrigo.echecopar@buenaventura.peorNY:Barbara Cano,
646-452-2334barbara.cano@mbsvalue.comCompany
Website:www.buenaventura.pe/ir
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