Buenaventura Announces Resumption of Operations at Uchucchacua Mine
November 06 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 Buenaventura's Uchucchacua mine has resumed
operations.
As was previously reported, a task force (“mesa de trabajo”) was
established on November 3, 2017 by the Office of Social Affairs of
the Ministry of Energy and Mines with the participation of other
public offices, including representatives from the Prime Minister’s
office, in order to end the conflict to resume negotiations. The
Oyon community has therefore honored its commitment to remove its
roadblock, which was preventing Buenaventura’s team from entering
the Uchucchacua Mine site.
Normal operations at Uchucchacua resumed on November 4 2017.
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/20171106005763/en/
Compañía 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
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