BVN Compania De Minas Buenaventura SA

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 2Q16 production results and 2016 operating guidance.

 

2Q16 Production per Metal and 2016 Operating Guidance (100% basis)

                                   

1Q16(Actual)

   

2Q16(Actual)

   

1H16(Actual)

   

2016(Estimated)

  Gold (Oz.)                         Orcopampa     44,135     47,826     91,962     190k - 200k La Zanja     34,193     35,384     69,577     130k - 140k Tantahuatay     34,562     36,733     71,295     145k - 155k Yanacocha     180,348     155,524     335,872     630k - 660k   Silver (Oz.)                         Uchucchacua     4,161,975     3,921,199     8,083,174     15.5M - 16.5M Julcani     853,052     837,937     1,690,989     3.0M - 3.4M Mallay     408,619     431,346     839,964     1.5M - 1.9M El Brocal     526,724     480,818     1,007,541     2.5M - 3.0M   Zinc (MT)                         El Brocal     9,916     13,725     23,641     60K - 70K Uchucchacua     1,725     1,890     3,615     6.0K - 7.0K Mallay     2,764     2,632     5,396     11.0K - 11.8K   Copper (MT)                         El Brocal     11,344     11,677     23,020     35K - 45K Cerro Verde     123,414     TBA     TBA     500k - 550k  

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*, 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 2015 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160711006421/en/

For Compañía de Minas Buenaventura S.A.A.Contacts in LimaCarlos Galvez, (511) 419 2540Chief Financial OfficerorDaniel Dominguez, (511) 419 2591Manager of Financial Planning and Investor Relationsdaniel.dominguez@buenaventura.peorRodrigo Echecopar, (511) 419 2609Investor Relations Coordinatorrodrigo.echecopar@buenaventura.peorContacts in New Yorki-advize Corporate CommunicationsMaria Barona - Rafael Borja, (212) 406 3691 - 3693