BVN... Compania de Minas Buenaventura SAA Sponsored ADR

Buenaventura Announces Third Quarter and 2016 Estimated Production Per Metal

LIMA, Peru--(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 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

EN
10/10/2016

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BVN...Compania de Minas Buenaventura SAA Sponsored ADR

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