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 2Q17 production results and 2017 operating
guidance (100% basis).
1Q17
(Actual) 2Q17 (Actual) 6M17
(Actual) 2017 (Estimated ) Gold (Oz.)
Orcopampa 42,332 46,917 89,248
190k - 200k
Tambomayo 0 12,454 12,454
60k - 90k
La Zanja 32,255 30,647
62,902 115k - 125k
Tantahuatay 31,245
31,725 62,970 145k - 155k
Yanacocha
137,621 120,856 258,477 530k - 560k
Silver (Oz.)
Uchucchacua 1
4,021,722 4,311,194 8,332,916 17.0M - 18.0M
Julcani 666,236 647,883 1,314,118
2.6M - 2.8M
Mallay 320,372 380,369
700,742 1.0M - 1.3M
Tambomayo 0
295,379 295,379 1.6M - 1.9M
El Brocal
1,044,908 976,757 2,021,665 3.5M - 4.5M
Zinc (MT)
El Brocal 16,903 12,166 29,069
50k - 60k
Uchucchacua 1 1,882
2,867 4,749 7.5k - 8.5k
Mallay 2,174
2,244 4,418 7.0k - 9.0k
Tambomayo
0 59 59 2k - 5k
Copper
(MT)
El Brocal 11,155 10,308 21,463
55K - 65K
Cerro Verde 118,744 TBA TBA
500k - 550k 1. Production from 2Q17 considers 82,525 Ag Oz
and 82.43 Zn MT from Uchucchacua´s material treated in Mallay´s
processing plant.
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 2016 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/20170706005594/en/
Contacts in Lima:Carlos Galvez, (511) 419
2540Chief Financial OfficerorRodrigo
Echecopar, (511) 419 – 2591Investor Relations
Coordinatorrodrigo.echecopar@buenaventura.peorContacts
in NY:Barbara Cano, (646) 452
2334barbara.cano@mbsvalue.com
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