Buenaventura Announces the Withdrawal of Year-End 2019 Dividend Payment
16 April 2020 - 10:18AM
Business Wire
Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or
“the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s
largest publicly-traded precious metals mining company, today
announced that, due to uncertainties related to suspended mining
activities in Peru and with the aim to preserve the Company’s cash
position, Buenaventura’s Board of Directors has unanimously voted
to withdraw to the Company’s year-end 2019 dividend payment from
the Company’s upcoming Annual General Meeting agenda.
The declaration and payment of future dividends will be based on
Buenaventura’s financial results, cash requirements, business
conditions and other factors deemed relevant by the Board.
Other items of the agenda proposed by Board of Directors on
February 20, 2020 will remain unchanged. Further, new dates for the
Company’s Annual General Meeting will be approved by the Board of
Directors and announced to the market once the Company has received
notice from the Peruvian authorities confirming that restrictions
related to the National State of Emergency have been lifted.
Company Description
Compania de Minas Buenaventura S.A.A. is Peru’s largest,
publicly traded precious and base metals Company and a major holder
of mining rights in Peru. The Company is engaged in the
exploration, mining development, processing and trade of gold,
silver and other base metals via wholly-owned mines and through its
participation in joint venture projects. Buenaventura currently
operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*,
Tambomayo*, El Brocal, La Zanja and Coimolache).
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 2019 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
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version on businesswire.com: https://www.businesswire.com/news/home/20200415005814/en/
Contacts in Lima: Leandro Garcia, Chief Financial
Officer (511) 419 2540
Rodrigo Echecopar, Head of Investor Relations (511)
419 2591/ rodrigo.echecopar@buenaventura.pe
Contacts in NY: Barbara Cano (646) 452 2334
barbara@inspirgroup.com
Company Website: www.buenaventura.com
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