FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Report of Foreign Issuer

 

Pursuant to Rule 13a-16 or 15d-16 of the

 

Securities Exchange Act of 1934

 

For the month of July 2016

 

BUENAVENTURA MINING COMPANY INC.

 

(Translation of Registrant's Name into English)

 

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 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): 82-________________.

 

 

 

 

 

 

BUENAVENTURA ANNOUNCES SECOND QUARTER AND 2016 ESTIMATED PRODUCTION PER METAL

 

 

Lima, Peru, July 11, 2016 - 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. 

 

           
               

  

 

 

 

 

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.

 

 

/s/ CARLOS E. GALVEZ PINILLOS

 

Carlos E. Gálvez Pinillos

 

Chief Financial Officer

 

 

 

Date: July 11, 2016

 

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