Buenaventura Comments on call of the General Shareholders’ Meeting
25 January 2024 - 12:20PM
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, announces
that following the conversations held between representatives of
the Company and Antofagasta plc (hereinafter, "Antofagasta"), the
Board of Directors of the Company has agreed to call a General
Shareholders' Meeting to be held on February 22, 2024, to submit
for its consideration the partial amendment of the bylaws to
increase the number of directors from seven to nine. This amendment
would subsequently allow proposing to the General Shareholders'
Meeting the appointment of two directors proposed by Antofagasta,
taking into consideration the right it has based on the percentage
of its owned shares.
In this regard, the Company considers that Antofagasta's
contribution to the Board of Directors would add value to its
composition, considering its experience and knowledge in the mining
sector.
Buenaventura
Compañía 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*, La Zanja*, El Brocal and Coimolache).
The Company owns 19.58% of Sociedad Minera Cerro Verde, an
important Peruvian copper producer (a partnership with
Freeport-McMorRan Inc. and Sumitomo Corporation).
For a printed version of the Company’s 2022 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 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 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: https://www.businesswire.com/news/home/20240124628132/en/
Contacts in Lima: Daniel Dominguez, Chief Financial Officer
(511) 419 2540 Gabriel Salas, Head of Investor Relations (511) 419
2591 / Gabriel.salas@buenaventura.pe Company Website:
www.buenaventura.com.pe/ir Contacts in NY: Barbara Cano (646) 452
2334 barbara@inspirgroup.com
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