In the table titled "3Q17 Production per Metal and 2017
Operating Guidance (100% basis)", in the section labeled "Gold",
the number for Yanacocha at 3Q17 (Actual) should read 141,923
(instead of 247,321) and the number for 9M17 (Actual) should read
400,400 (instead of 505,798). Also, in the section labeled "Zinc
(MT)", the number for El Brocal at 9M17 (Actual) should read:
40,727 (instead of 29,069).
The corrected release reads:
BUENAVENTURA ANNOUNCES THIRD QUARTER 2017
PRODUCTION AND VOLUME SOLD PER METAL RESULTS
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 3Q17 production and volume sold results as
well as 2017 operating guidance (100% basis).
3Q17 Production per Metal and 2017
Operating Guidance (100% basis)
1Q17 (Actual)
2Q17 (Actual) 3Q17 (Actual)
9M17 (Actual)
2017 (Estimated) Gold (Oz.)
Orcopampa
42,332 46,917
51,672 140,920
190k - 200k
Tambomayo 0
12,454 24,115 36,570
60k - 90k
La Zanja 32,255
30,647 33,569
96,471 115k - 125k
Tantahuatay 31,245 31,725
43,320 106,290
145k - 155k
Yanacocha 137,621
120,856
141,923
400,400
530k - 560k
Silver
(Oz.)
Uchucchacua 1 4,021,722
4,311,194 4,121,319
12,454,235 17.0M - 18.0M
Julcani 666,236 647,883
643,051 1,957,169
2.6M - 2.8M
Mallay 320,372
380,369 216,637
917,378 1.0M - 1.3M
Tambomayo 0 295,379
678,828 974,207
1.6M - 1.9M
El Brocal 1,044,908
976,757 1,015,170
3,036,835 3.5M - 4.5M
Zinc (MT)
El Brocal 16,903
12,166 11,658
40,727
50k - 60k
Uchucchacua 1
1,882 2,949 3,891
8,722 10k - 12k
Mallay 2,174 2,244
1,403 5,821
7.0k - 9.0k
Tambomayo 0
59 761 820
2k - 5k
Copper (MT)
El Brocal
11,155 10,308
11,531 32,994 50K
- 60K
Cerro Verde 118,744
118,071 TBA TBA
500k - 550k 1. Production from 3Q17 considers 139,336
Ag Oz and 170 Zn MT from Uchucchacua´s material treated in Mallay´s
processing plant.
3Q17 Volume sold per Metal(100%
basis)
1Q17
(Actual) 2Q17 (Actual)
3Q17 (Actual) 9M17
(Actual) Gold (Oz.)
Orcopampa 42,101
42,821 54,544 139,466
Tambomayo 0 4,840
26,799 31,639
La Zanja
32,570 31,105
34,662 98,338
Tantahuatay
30,493 32,103
41,621 104,217
Silver (Oz.)
Uchucchacua
3,732,401 3,651,304
4,452,812 11,836,518
Julcani
912,656 394,077
829,755 2,136,488
Mallay
311,157 309,975 160,298
781,431
Tambomayo 0
81,454 656,070
737,524
El Brocal 825,740
750,077 831,154
2,406,971
Zinc (MT)
El Brocal 14,102
9,849 9,884
33,835
Uchucchacua 1,118
2,180 3,291 6,589
Mallay 1,472 2,169
1,132 4,773
Tambomayo
0 0 491
491
Copper (MT)
El Brocal 9,806
10,018 11,243
31,066
Company DescriptionCompañía 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; 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 investor relations contacts on page 1 of this report,
or download the PDF format file from the Company’s web site at
www.buenaventura.com.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking StatementsThis 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/20171012006514/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.com
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