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 4Q15 production results and
2016 operating guidance.
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4Q15 Production per Metal and
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2016 Operating Guidance (100% basis)
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4Q15 (Actual)
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FY15 (Actual)
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2016 (Estimated)
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Gold (Oz.)
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Orcopampa
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48,606
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204,629
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200k - 210k
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La Zanja
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37,709
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141,071
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130k - 140k
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Tantahuatay
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47,697
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144,782
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145k - 155k
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Yanacocha
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211,256
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917,690
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600k - 650k
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Silver (Oz.)
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Uchucchacua
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4,118,509
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13,919,920
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15.5M - 16.5M
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Julcani
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868,662
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3,266,453
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3.0M - 3.4M
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Mallay
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357,236
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1,285,361
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1.5M - 1.9M
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El Brocal
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1,183,101
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3,669,500
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2.8M - 3.2M
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Zinc (MT)
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El Brocal
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15,966
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53,319
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60K - 70K
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Uchucchacua
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1,602
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5,692
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9.2K - 10.0K
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Mallay
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2,407
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9,173
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11.0K - 11.8K
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Copper (MT)
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El Brocal
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9,165
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32,061
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35K - 45K
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Cerro Verde
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TBA
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TBA
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TBA
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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 2014 Form 20-F, please
contact the persons indicated above, or download a PDF format file from
the Company’s web site 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/20160126005604/en/