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
4Q16 production results and 2017 operating guidance.
4Q16 Production per Metal and
2017 Operating Guidance (100%
basis)
4Q16
2016
2017
(Actual)
(Actual)
(Estimated)
Gold (Oz.)
Orcopampa 45,973
191,102 180k - 190k
Tambomayo
120k - 150k
La
Zanja 32,739 139,724
115k - 125k
Tantahuatay 39,926
150,816 145k - 155k
Yanacocha
171,675 654,934 500k - 600k
Others 8,091 25,541
25k - 30k
BVN - Equity 1
159,212 627,434 650k -
750k
Silver (Oz.)
Uchucchacua
4,042,722 16,212,746 16.0M - 17.0M
Tambomayo
2.5M - 3.5M
Julcani 790,618
3,264,420 3.0M - 3.4M
Mallay
374,756 1,627,246 1.5M - 1.7M
El Brocal 1,158,392 2,634,739
3.5M - 4.5M
Others 1,416,970
5,852,148 1.8M - 2.2M
BVN - Equity 1
6,382,558 24,672,571 27M
- 30M
Zinc (MT)
El Brocal 19,908
57,385 70k - 80k
Uchucchacua
1,662 7,227 6.5k - 7.5k
Mallay 2,326 10,463
11.5k - 12.5k
Tambomayo
5.0k - 7.0k
BVN - Equity 1
15,646 51,465 65k - 75k
Copper (MT)
El Brocal 13,858
49,170 55k - 65k
Cerro Verde 2
130,000 500,000 550k -
600k
BVN - Equity 1
33,952 128,051 140k -
160k
1. Considers 100% of BVN´s operating units,
61.32% of El Brocal 53.06% of La Zanja, 40.95% of Coimolache &
43.65% of Yanacocha.
2. Estimated production.
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 (61.29%),
La Zanja (53.06%) and Coimolache (40.10%) and is developing the
wholly owned Tambomayo Project.
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.
www.buenaventura.com
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170117006322/en/
Contacts in LimaCarlos Galvez, Chief Financial OfficerTel (511)
419 2540orDaniel Dominguez, Manager of Financial Planning and
Investor RelationsTel (511) 419
2591daniel.dominguez@buenaventura.peorRodrigo Echecopar, Investor
Relations CoordinatorTel (511) 419
2609rodrigo.echecopar@buenaventura.peorContacts in New YorkMonique
Skruzny - Barbara CanoMBS Value Partners
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