Buenaventura Announces First Quarter and 2016 Estimated Production Per Metal
April 12 2016 - 11:47AM
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 1Q16
production results and 2016 operating guidance.
1Q16 Production per Metal
and2016 Operating Guidance (100% basis)
1Q16 (Actual)
2016 (Estimated)
Gold (Oz.)
Orcopampa 44,135 200k - 210k
La Zanja 34,193 130k - 140k
Tantahuatay 34,562 145k - 155k
Yanacocha 180,348 630k - 660k
Silver (Oz.)
Uchucchacua 4,161,975
15.5M - 16.5M
Julcani 853,052
3.0M - 3.4M
Mallay 408,619 1.5M
- 1.9M
El Brocal 526,724 2.8M -
3.2M
Zinc (MT)
El Brocal 9,916 60K - 70K
Uchucchacua 1,725 6.0K - 7.0K
Mallay 2,764 11.0K - 11.8K
Copper (MT)
El Brocal 11,344 35K - 45K
Cerro Verde 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*, 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.
(*) 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/20160412006385/en/
in Lima:Compañía de Minas Buenaventura S.A.A.Carlos Galvez,
(511) 419-2540Chief Financial OfficerDaniel Dominguez, (511)
419-2591Director of Treasury and Investor
Relationsdaniel.dominguez@buenaventura.peorin New Yorki-advize
Corporate CommunicationsMaria Barona, 212-406-3691Rafael Borja,
212-406-3693
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