Compañía de Minas Buenaventura S.A.A. (“Buenaventura”)
(NYSE:BVN; Lima Stock Exchange:BUE.LM), Peru’s largest publicly
traded, precious metals mining company today announced preliminary
3Q14 operating results and 2014 updated production guidance.
Third Quarter Production per
Metal and 2014 Updated Guidance (100% basis)
1Q14 (Actual)
2Q14 (Actual)
3Q14 (Actual) 2014 (Estimated)
Gold (Oz.)
Orcopampa 44,929
51,102 52,317 190k
- 200k
Breapampa 20,927
21,228 19,473 70k
- 80k
La Zanja 35,937
36,685 36,143 130k
- 140k
Tantahuatay 32,633
35,171 37,281 130k
- 140k
Yanacocha 207,511
190,695 249,429
895k - 985k
Silver (Oz.)
Uchucchacua
2,368,509 2,997,602
3,293,830 11.7M - 12.0M
Julcani
763,437 763,529
774,728 2.8M - 3.2M
Mallay
297,180 302,118
307,523 1.1M - 1.3M
El
Brocal 497,664
498,440 584,118 2.0M -
2.3M
Zinc (MT)
El Brocal 532
347 1,522
11K - 13K
Uchucchacua 1,470
1,575 1,800
6.5K - 7.0K
Mallay 2,450
2,570 2,540 9.5K -
10.5K
Copper (MT)
El Brocal 10,199
11,332 11,764
38K - 40K
Cerro Verde 60,955
56,683 TBA
240K - 260K
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*, Breapampa*, Mallay*, Julcani*, El
Brocal, La Zanja and Coimolache) and is developing the Tambomayo
and Chucupaca Projects.
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 2013 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.
Lima:Compañía de Minas Buenaventura S.A.A.Carlos Galvez,
511-419-2540Chief Financial OfficerorDaniel Dominguez,
511-419-2591Director of Treasury and Investor
Relationsdaniel.dominguez@buenaventura.peorNew York:i-advize
Corporate CommunicationsMaria Barona / Rafael Borja212-406-3691 /
3693
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