Buenaventura Announces Second Quarter and 2015 Estimated Production Per Metal
10 July 2015 - 11:00PM
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 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150710005070/en/
Contacts in Lima:Compañía de Minas Buenaventura S.A.A.Carlos
Galvez, Chief Financial OfficerTel (511) 419 2540orDaniel
Dominguez, Director of Treasury and Investor RelationsTel (511) 419
2591daniel.dominguez@buenaventura.peorContacts in New York:i-advize
Corporate CommunicationsMaria Barona - Rafael BorjaTel (212) 406
3691 - 3693
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