Buenaventura Announces First Quarter Production Results and 2015 Guidance
April 10 2015 - 09:00AM
Business Wire
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
1Q15 production results and 2015 operating guidance.
1Q15 Production per Metal Results
and2015 Operating Guidance (100% basis)
1Q15 (Actual)
2015 (Estimated)
Gold (Oz.)
Orcopampa
50,068 190k - 205k
La Zanja
30,455 138k - 142k
Tantahuatay
30,207 138k - 142k
Yanacocha
248,055 880k - 940k
Silver (Oz.)
Uchucchacua
3,529,174 14.5M - 15.0M
Julcani
816,352 2.9M - 3.1M
Mallay
307,254 1.1M - 1.3M
El Brocal
982,254 5.8M - 6.2M
Zinc (MT)
El Brocal
14,020 75K - 85K
Uchucchacua
1,586 6.8K - 7.3K
Mallay
2,179 9.1K - 9.7K
Copper (MT)
El Brocal
3,869 30K - 35K
Cerro Verde
TBA 250K - 280K
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 San Gabriel 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.
Compañia de Minas Buenaventura S.A.A.Lima: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 Borja,
212-406-3691/3693
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