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 preliminary 3Q17 production and volume sold results as well as 2017 operating guidance (100% basis).
3Q17 Production per Metal and 2017 Operating Guidance (100% basis)
1Q17 (Actual)
2Q17 (Actual)
3Q17 (Actual)
9M17 (Actual)
2017 (Estimated)
Gold (Oz.)
Orcopampa
42,332
46,917
51,672
140,920
190k - 200k
Tambomayo
0
12,454
24,115
36,570
60k - 90k
La Zanja
32,255
30,647
33,569
96,471
115k - 125k
Tantahuatay
31,245
31,725
43,320
106,290
145k - 155k
Yanacocha
137,621
120,856
247,321
505,798
530k - 560k
Silver (Oz.)
Uchucchacua 1
4,021,722
4,311,194
4,121,319
12,454,235
17.0M - 18.0M
Julcani
666,236
647,883
643,051
1,957,169
2.6M - 2.8M
Mallay
320,372
380,369
216,637
917,378
1.0M - 1.3M
Tambomayo
0
295,379
678,828
974,207
1.6M - 1.9M
El Brocal
1,044,908
976,757
1,015,170
3,036,835
3.5M - 4.5M
Zinc (MT)
El Brocal
16,903
12,166
11,658
29,069
50k - 60k
Uchucchacua 1
1,882
2,949
3,891
8,722
10k - 12k
Mallay
2,174
2,244
1,403
5,821
7.0k - 9.0k
Tambomayo
0
59
761
820
2k - 5k
Copper (MT)
El Brocal
11,155
10,308
11,531
32,994
50K - 60K
Cerro Verde
118,744
118,071
TBA
TBA
500k - 550k
1. Production from 3Q17 considers 139,336 Ag Oz and 170 Zn MT from Uchucchacua´s material treated in Mallay´s processing plant.
3Q17 Volume sold per Metal(100% basis)
1Q17 (Actual)
2Q17 (Actual)
3Q17 (Actual)
9M17 (Actual)
Gold (Oz.)
Orcopampa
42,101
42,821
54,544
139,466
Tambomayo
0
4,840
26,799
31,639
La Zanja
32,570
31,105
34,662
98,338
Tantahuatay
30,493
32,103
41,621
104,217
Silver (Oz.)
Uchucchacua
3,732,401
3,651,304
4,452,812
11,836,518
Julcani
912,656
394,077
829,755
2,136,488
Mallay
311,157
309,975
160,298
781,431
Tambomayo
0
81,454
656,070
737,524
El Brocal
825,740
750,077
831,154
2,406,971
Zinc (MT)
El Brocal
14,102
9,849
9,884
33,835
Uchucchacua
1,118
2,180
3,291
6,589
Mallay
1,472
2,169
1,132
4,773
Tambomayo
0
0
491
491
Copper (MT)
El Brocal
9,806
10,018
11,243
31,066
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*, Tambomayo*, El Brocal, La Zanja and Coimolache and is developing the San Gabriel project.
The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont Mining Corp.), an important precious metal producer; 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer.
For a printed version of the Company’s 2016 Form 20-F, please contact the investor relations contacts on page 1 of this report, or download the PDF format file from the Company’s web site at www.buenaventura.com.
(*) 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/20171012006514/en/
Contact
Compañia de Minas Buenaventura S.A.A. In Lima: Carlos Galvez, 511-419-2540 Chief Financial Officer or Rodrigo Echecopar, 511-419 2591 Investor Relations Coordinator rodrigo.echecopar@buenaventura.pe or In NY: Barbara Cano, 646-452-2334 barbara.cano@mbsvalue.com
