Report of Foreign Issuer (6-k)
October 09 2018 - 9:33AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT OF
FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of
October
2018
Commission
File Number 001-14370
COMPANIA DE MINAS BUENAVENTURA S.A.A.
|
(Exact name of registrant as specified in its charter)
|
|
BUENAVENTURA MINING COMPANY INC.
|
(Translation of registrant’s name into English)
|
|
Republic of Peru
|
(Jurisdiction of incorporation or organization)
|
|
CARLOS VILLARAN 790
SANTA CATALINA, LIMA 13, PERU
|
(Address of principal executive offices)
|
Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F
___X___ Form 40-F ______
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
[ ]
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes ______
No ___X___
If "Yes" is
marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not applicable.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPAÑÍA DE MINAS BUENAVENTURA S.A.A.
By: /s/ LEANDRO GARCÍA RAGGIO
Name: Leandro García Raggio
Title: Chief Financial Officer
Date: October 9, 2018
Buenaventura
Announces Third Quarter 2018 Production and Volume Sold per Metal Results
LIMA, Peru--(BUSINESS WIRE)--October 9, 2018--
Compañía 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 3Q18 production and
volume sold results as well as full year 2018 operating guidance (100%
basis).
3Q18 Production per Metal and 2018 Operating Guidance (100% basis)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Q18
(Actual)
|
|
|
2Q18
(Actual)
|
|
|
3Q18
(Actual)
|
|
|
9M18
(Actual)
|
|
|
2018
(Estimated)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gold (Oz.)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Orcopampa
|
|
|
|
39,987
|
|
|
35,694
|
|
|
26,835
|
|
|
102,516
|
|
|
120k - 140k
|
Tambomayo
|
|
|
|
33,693
|
|
|
31,173
|
|
|
33,279
|
|
|
98,145
|
|
|
125k - 135k
|
La Zanja
|
|
|
|
17,722
|
|
|
15,660
|
|
|
18,147
|
|
|
51,529
|
|
|
70k - 80k
|
Tantahuatay
|
|
|
|
29,915
|
|
|
39,557
|
|
|
54,011
|
|
|
123,484
|
|
|
160k - 180k
|
Yanacocha
|
|
|
|
104,233
|
|
|
115,342
|
|
|
153,523
|
|
|
373,098
|
|
|
470k - 545k
|
El Brocal
|
|
|
|
7,029
|
|
|
5,924
|
|
|
4,364
|
|
|
17,317
|
|
|
20k - 25k
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Silver (Oz.)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Uchucchacua
|
|
|
|
4,413,249
|
|
|
4,005,948
|
|
|
3,744,036
|
|
|
12,163,232
|
|
|
15.0M - 17.0M
|
Julcani
|
|
|
|
504,155
|
|
|
620,276
|
|
|
692,728
|
|
|
1,817,159
|
|
|
2.3M - 2.5M
|
Mallay
|
|
|
|
155,000
|
|
|
134,936
|
|
|
126,476
|
|
|
416,411
|
|
|
0.4M - 0.5M
|
Tambomayo
|
|
|
|
1,019,915
|
|
|
1,106,694
|
|
|
929,949
|
|
|
3,056,558
|
|
|
3.5M - 4.5M
|
El Brocal
|
|
|
|
739,454
|
|
|
967,763
|
|
|
1,260,010
|
|
|
2,967,226
|
|
|
4.6M - 5.0M
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lead (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Julcani
|
|
|
|
283
|
|
|
231
|
|
|
270
|
|
|
784
|
|
|
1.0k - 2.0k
|
Uchucchacua
|
|
|
|
4,184
|
|
|
4,762
|
|
|
5,214
|
|
|
14,161
|
|
|
18.0k - 20.0k
|
Mallay
|
|
|
|
504
|
|
|
447
|
|
|
416
|
|
|
1,367
|
|
|
0.5k - 2.5k
|
Tambomayo
|
|
|
|
856
|
|
|
814
|
|
|
1,027
|
|
|
2,697
|
|
|
3.0k - 4.5k
|
El Brocal
|
|
|
|
3,737
|
|
|
4,700
|
|
|
6,784
|
|
|
15,222
|
|
|
20.0k - 30.0k
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zinc (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Brocal
|
|
|
|
13,797
|
|
|
12,353
|
|
|
9,741
|
|
|
35,892
|
|
|
45k - 55k
|
Uchucchacua
|
|
|
|
4,575
|
|
|
4,842
|
|
|
6,556
|
|
|
15,974
|
|
|
20.0k - 22.0k
|
Mallay
|
|
|
|
952
|
|
|
1,187
|
|
|
905
|
|
|
3,044
|
|
|
3.0k - 3.6k
|
Tambomayo
|
|
|
|
2,562
|
|
|
1,998
|
|
|
2,046
|
|
|
6,606
|
|
|
7.5k - 8.5k
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Copper (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Brocal
|
|
|
|
10,482
|
|
|
11,173
|
|
|
12,483
|
|
|
34,139
|
|
|
45K - 55K
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production Comments
Gold Operations
-
Orcopampa:
Production is in line with guidance released
in 2Q18. The plan is based on the Company’s strategy to prioritize its
De-bottlenecking Program over ore mineral extraction, in order to
centralize the underground operation.
-
Tambomayo:
2018 gold, silver and zinc production
guidance has been increased due to the fact that Tambomayo is now
operating at full capacity and it is processing more ore at a level
that is exceeding initial estimates.
-
La Zanja:
2018 guidance remains unchanged despite a
change in mining contractor during 2Q18.
-
Tantahuatay:
2018 guidance remains unchanged.
Silver Operations
-
Uchucchacua:
Guidance for silver production has been
reduced while zinc production guidance has been increased. The plan is
to extract more mineral from the Cachipampa area which has higher zinc
and lower silver grades than the rest of the mine but is lower cost
due to its proximity to underground facilities.
-
Julcani:
2018 guidance has been increased. The Company’s
strategy to centralize this operation is achieving results that are
exceeding initial estimates.
-
Mallay:
2018 guidance has been maintained. Centralizing
and halting the deepening of the mine has achieved positive results.
Base Metals Operations
-
El Brocal:
Copper guidance has been maintained for the
underground mine.
Lead guidance has been reduced due to the
mining sequence in the open pit. Lead grades are expected to increase
in 1Q19.
Volume Sold
3Q18 Volume sold per Metal (100% basis)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1Q18
(Actual)
|
|
|
2Q18
(Actual)
|
|
|
3Q18
(Actual)
|
|
|
9M18
(Actual)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gold (Oz.)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Orcopampa
|
|
|
|
40,015
|
|
|
35,155
|
|
|
28,144
|
|
|
103,314
|
Tambomayo
|
|
|
|
30,698
|
|
|
30,721
|
|
|
32,101
|
|
|
93,520
|
La Zanja
|
|
|
|
18,222
|
|
|
17,495
|
|
|
18,419
|
|
|
54,136
|
Tantahuatay
|
|
|
|
27,957
|
|
|
38,599
|
|
|
53,859
|
|
|
120,415
|
El Brocal
|
|
|
|
5,102
|
|
|
4,029
|
|
|
2,685
|
|
|
11,815
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Silver (Oz.)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Uchucchacua
|
|
|
|
3,853,518
|
|
|
4,125,034
|
|
|
3,515,670
|
|
|
11,494,222
|
Julcani
|
|
|
|
352,236
|
|
|
741,469
|
|
|
639,454
|
|
|
1,733,159
|
Mallay
|
|
|
|
136,838
|
|
|
123,609
|
|
|
101,118
|
|
|
361,565
|
Tambomayo
|
|
|
|
837,123
|
|
|
1,143,540
|
|
|
926,741
|
|
|
2,907,404
|
El Brocal
|
|
|
|
536,585
|
|
|
774,576
|
|
|
974,775
|
|
|
2,285,936
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lead (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Julcani
|
|
|
|
169
|
|
|
275
|
|
|
235
|
|
|
678
|
Uchucchacua
|
|
|
|
3,434
|
|
|
4,387
|
|
|
4,697
|
|
|
12,518
|
Mallay
|
|
|
|
440
|
|
|
434
|
|
|
371
|
|
|
1,245
|
Tambomayo
|
|
|
|
528
|
|
|
1,025
|
|
|
1,006
|
|
|
2,560
|
El Brocal
|
|
|
|
3,339
|
|
|
4,490
|
|
|
5,636
|
|
|
13,465
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Zinc (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Brocal
|
|
|
|
11,354
|
|
|
10,383
|
|
|
7,712
|
|
|
29,450
|
Uchucchacua
|
|
|
|
3,802
|
|
|
3,783
|
|
|
4,898
|
|
|
12,483
|
Mallay
|
|
|
|
733
|
|
|
986
|
|
|
720
|
|
|
2,438
|
Tambomayo
|
|
|
|
1,672
|
|
|
1,871
|
|
|
1,830
|
|
|
5,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Copper (MT)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
El Brocal
|
|
|
|
9,854
|
|
|
10,517
|
|
|
11,816
|
|
|
32,187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Company Description
Compañía de Minas Buenaventura S.A.A. is
Peru’s largest, publicly traded precious and base metals Company and a
major holder of mining rights in Peru. The Company is engaged in the
exploration, mining development, processing and trade of gold, silver
and other base metals via wholly-owned mines and through its
participation in joint venture projects. Buenaventura currently operates
several mines in Peru (Orcopampa*, Uchucchacua*, Mallay*, Julcani*,
Tambomayo*, El Brocal, La Zanja and Coimolache).
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 2017 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.
CONTACT:
For Compañía de Minas Buenaventura S.A.A.
In
Lima:
Leandro Garcia, 511-419-2540
Chief Financial Officer
or
Rodrigo
Echecopar, 511-419-2591
Investor Relations Coordinator
rodrigo.echecopar@buenaventura.pe
Company
Website:
www.buenaventura.com
or
In NY:
Barbara Cano,
646-452-2334
barbara@inspirgroup.com
Compania De Minas Buenav... (NYSE:BVN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Compania De Minas Buenav... (NYSE:BVN)
Historical Stock Chart
From Apr 2023 to Apr 2024