Buenaventura Reaches Commercial Production at Tambomayo
September 05 2017 - 8:01AM
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 that the processing plant at the Tambomayo project
located in Arequipa, which was commissioned in December of 2016,
has successfully completed the ramp up process. Tambomayo has
stably operated at 1,500 TPD (full capacity) over a period
exceeding two weeks.
Chief Executive Officer Victor Gobitz reiterated that the
commissioning and ramp up of the plant had been completed on
schedule and commercial operation was reached by September 1, 2017,
“This achievement is further demonstration of the skills and
dedication of our team and the ability to deliver on our promises,”
he said.
As announced in April, Tambomayo´s guidance for 2017 is 60k –
90k gold ounces and 1.6M – 1.9M silver ounces and for a full year
of production Tambomayo will produce 120k – 150k gold ounces and 3M
– 4M silver ounces.
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, as well as 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170905005762/en/
Compañia de Minas Buenaventura S.A.A.In
Lima:Carlos Galvez, 511-419-2540Chief Financial
OfficerorRodrigo Echecopar, 511-419 2591Investor
Relations
Coordinatorrodrigo.echecopar@buenaventura.peorIn
NY:Barbara Cano,
646-452-2334barbara.cano@mbsvalue.comorCompany
Website: www.buenaventura.com.pe
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