MRO Magazine

Buenaventura Announces Second Quarter and 2015 Estimated Production Per Metal


July 10, 2015
By Business Wire News

LIMA, Peru

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 2Q15 production results and 2015 operating guidance.

2Q15 Production per Metal and

2015 Operating Guidance (100% basis)

 
                     
 1Q15 (Actual)    2Q15 (Actual)    2015 (Estimated)  
         
Gold (Oz.)                      
Orcopampa       50,068     51,921     190k – 205k  
La Zanja       30,455     37,254     138k – 142k  
Tantahuatay       30,207     32,139     138k – 142k  
Yanacocha       248,055     215,924     880k – 940k  
 
Silver (Oz.)                      
Uchucchacua       3,529,174     2,497,189     14.5M – 15.0M  
Julcani       816,352     786,628     2.9M – 3.1M  
Mallay       307,254     297,777     1.1M – 1.3M  
El Brocal       982,254     768,385     4.6M – 5.0M  
 
Zinc (MT)                      
El Brocal       14,020     11,664     60K – 70K  
Uchucchacua       1,586     1,212     6.1K – 6.5K  
Mallay       2,179     2,141     9.1K – 9.7K  
 
Copper (MT)                      
El Brocal       3,869     9,580     30K – 35K  
Cerro Verde       48,623     N.A.     250K – 280K  
 

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 2013 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.

Contacts in Lima:
Compañía de Minas Buenaventura S.A.A.
Carlos Galvez, Chief Financial Officer
Tel (511) 419 2540
or
Daniel Dominguez, Director of Treasury and Investor Relations
Tel (511) 419 2591
daniel.dominguez@buenaventura.pe
or
Contacts in New York:
i-advize Corporate Communications
Maria Barona – Rafael Borja
Tel (212) 406 3691 – 3693