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 second quarter 2014 operating
results and 2014 production guidance.
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Second Quarter Production per Metal and
2014 Guidance
(100% basis)
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1Q14 (Actual)
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2Q14 (Actual)
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Var. (%)
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2014 (estimated)
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Gold (Oz.)
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Orcopampa
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44,929
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51,102
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14%
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190k - 200k
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Breapampa
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20,927
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21,228
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1%
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70k - 80k
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La Zanja
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35,937
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36,685
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2%
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130k - 140k
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Tantahuatay
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32,633
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35,171
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8%
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130k - 140k
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Yanacocha
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207,511
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190,950
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-8%
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895k - 985k
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Silver (Oz.)
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Uchucchacua
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2,368,509
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2,997,602
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27%
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11.7M - 12.0M
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Julcani
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763,437
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763,529
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0%
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2.8M - 3.2M
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Mallay
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297,180
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302,118
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2%
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1.1M - 1.3M
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El Brocal
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497,664
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498,440
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0%
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2.8M - 3.0M
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Zinc (MT)
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El Brocal
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532
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347
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-35%
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25K - 30K *
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Uchucchacua
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1,470
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1,575
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7%
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6.5K - 7.0K
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Mallay
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2,450
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2,570
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5%
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9.5K - 10.5K
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Copper (MT)
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El Brocal
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10,199
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11,332
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11%
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38K - 40K
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Cerro Verde
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60,955
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TBA
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N.A.
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240K - 260K
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(*) Considers expanded plant capacity in second half 2014
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).
The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with
Newmont Mining Corporation), an important precious metal producer;
19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper
producer, and 49% of Canteras del Hallazgo S.A, owner the Chucapaca
project.
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.
Copyright Business Wire 2014