Buenaventura Announces Fourth Quarter and 2016 Estimated Production Per Metal
January 26 2016 - 9:00AM
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
4Q15 production results and 2016 operating guidance.
4Q15 Production per Metal and 2016 Operating
Guidance (100% basis)
4Q15 (Actual)
FY15 (Actual)
2016 (Estimated)
Gold (Oz.)
Orcopampa
48,606 204,629 200k - 210k
La Zanja
37,709 141,071 130k - 140k
Tantahuatay
47,697 144,782 145k - 155k
Yanacocha
211,256 917,690 600k - 650k
Silver (Oz.)
Uchucchacua
4,118,509 13,919,920 15.5M - 16.5M
Julcani
868,662 3,266,453 3.0M - 3.4M
Mallay
357,236 1,285,361 1.5M - 1.9M
El Brocal
1,183,101 3,669,500 2.8M - 3.2M
Zinc (MT)
El Brocal
15,966 53,319 60K - 70K
Uchucchacua
1,602 5,692 9.2K - 10.0K
Mallay
2,407 9,173 11.0K - 11.8K
Copper (MT)
El Brocal
9,165 32,061 35K - 45K
Cerro Verde
TBA TBA TBA
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
2014 Form 20-F, please contact the persons indicated above, or
download a PDF format file from the Company’s web site
www.buenaventura.com.
(*) 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160126005604/en/
For Compañía 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, 212-406-3691orRafael Borja,
212-406-3693
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