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
3Q16 production results and 2016 operating guidance.
3Q16 Production per Metal and
2016 Operating Guidance (100% basis)
1Q16
(Actual)
2Q16
(Actual)
3Q16
(Actual)
9M16
(Actual)
2016
(Estimated)
Gold (Oz.)
Orcopampa 44,135 47,826
53,167 145,129 190k - 200k
La
Zanja 34,193 35,384 37,407
106,984 130k - 140k
Tantahuatay
34,562 36,733 39,595 110,890 145k -
155k
Yanacocha 180,348 155,524
147,387 483,259 630k - 660k
Silver (Oz.)
Uchucchacua
4,161,975 3,921,199 4,086,850
12,170,024 15.5M - 16.5M
Julcani
853,052 837,937 782,813 2,473,802 3.0M
- 3.4M
Mallay 408,619 431,346
412,526 1,252,490 1.5M - 1.9M
El
Brocal 526,724 480,818 468,806
1,476,348 1.8M - 2.2M
Zinc (MT)
El Brocal 9,916
13,725 13,836 37,477 55K - 65K
Uchucchacua 1,725 1,890 1,950
5,566 6.0K - 7.0K
Mallay
2,764 2,632 2,740 8,137 11.0K - 11.8K
Copper (MT)
El Brocal
11,344 11,677 12,291 35,312
40K - 50K
Cerro Verde 123,414
126,143 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 (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
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version on businesswire.com: http://www.businesswire.com/news/home/20161010006124/en/
Contacts in Lima:BuenaventuraCarlos 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
York:i-advize Corporate CommunicationsMaria Barona - Rafael
Borja(212) 406 3691 - 3693
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