Buenaventura Announces the Appointment of Juan Carlos Ortiz as Vice President of Operations
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 Mr. Juan Carlos Ortiz has joined Buenaventura as the
Company’s new Vice President of Operations, replacing Mr. Gonzalo Eyzaguirre who has resigned effective April 30, 2018 due to
personal reasons. Mr. Ortiz’s appointment was confirmed at the Company’s Board meeting on April 23, 2018, he will assume his new
role effective May 1, 2018.
“We would like to thank Gonzalo for the important contributions he has made while at Buenaventura, most notably his leadership
driving Buenaventura’s “De-Bottlenecking Program” which will improve efficiency throughout our operations. We thank Gonzalo for his
service and wish him all the very best,” said Victor Gobitz, Chief Executive Officer of Buenaventura. He continued, “We are
thrilled to have Juan Carlos join Buenaventura´s operational management team. His vast experience within the mining industry,
particularly with underground operations, adds an important dimension to our team that will allow for the execution of key
priorities and enable Buenaventura to achieve its vision of further optimizing our operations.”
Mr. Ortiz has more than 25 years of experience in the mining industry. Prior to assuming his new role at Buenaventura, Mr. Ortiz
was the Technical Services Manager at Volcan Compañia Minera, a polymetallic mining company and one of the largest zinc, lead and
silver producers in the world, where he was responsible for the departments of Engineering, Projects, Planning and Environmental
Matters as well as for Volcan’s Alpamarca and Cerro de Pasco operations. Prior to this post, he was Chief Operations Officer at
Compañía Minera Milpo (now part of the Nexa Resources Group), where he was responsible for the Cerro Lindo, Atacocha and El
Porvenir operations.
Mr. Ortiz received a bachelor’s degree in Mining Engineering from the Pontificia Universidad Católica del Peru in 1992. He also
holds a Master’s Degree in Engineering, with a focus on Mineral Engineering Management, from Pennsylvania State University.
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).
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 2016 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.
Compañia de Minas Buenaventura S.A.A.
In Lima:
Leandro Garcia, (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@inspirgroup.com
or
Company Website:
www.buenaventura.com
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