Buenaventura Announces First Quarter 2018 Production and Volume Sold per Metal Results

LIMA, Peru--()--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 1Q18 production and volume sold results as well as 2018 operating guidance (100% basis).

1Q18 Production per Metal and 2018 Operating Guidance (100% basis)

       

1Q18
(Actual)

 

2018
(Estimated)

 
Gold (Oz.)        
Orcopampa   39,987   190k - 210k
Tambomayo   33,693   110k - 130k
La Zanja   17,722   70k - 80k
Tantahuatay   29,915   160k - 180k
Yanacocha   104,233   470k - 545k
El Brocal   7,029   35k - 40k
 
Silver (Oz.)        
Uchucchacua 1   4,413,249   17.2M - 18.6M
Julcani   504,155   2.1M - 2.4M
Mallay   155,000   0.4M - 0.5M
Tambomayo   1,019,915   3.0M - 3.5M
El Brocal   739,454   4.2M - 4.8M
 
Lead (MT)        
Julcani   283   1.0k - 2.0k
Uchucchacua 1   4,184   18.0k - 20.0k
Mallay   504   0.5k - 2.5k
Tambomayo   856   2.5k - 4.5k
El Brocal   3,737   19.5k - 21.5k
 
 
Zinc (MT)        
El Brocal   13,797   43k - 50k
Uchucchacua 1   4,575   16.6k - 18.3k
Mallay   952   3.0k - 3.6k
Tambomayo   2,562   7.0k - 8.0k
 

Copper (MT)

       
El Brocal   10,482   61K - 71K
 

1. Production from 1Q18 considers 231,396 Ag Oz, 391 Pb MT and 389 Zn MT from the Uchucchacua´s material treated in Mallay´s processing plant.

Volume Sold

1Q18 Volume sold per Metal (100% basis)

 

 
1Q18 (Actual)
 
Gold (Oz.)    
Orcopampa   40,015
Tambomayo   30,698
La Zanja   18,222
Tantahuatay   27,957
El Brocal   5,102
 
Silver (Oz.)    
Uchucchacua   3,853,518
Julcani   352,236
Mallay   136,838
Tambomayo   837,123
El Brocal   536,585
 
Lead (MT)    
Julcani   169
Uchucchacua   3,434
Mallay   440
Tambomayo   528
El Brocal   3,339
 
Zinc (MT)    
El Brocal   11,354
Uchucchacua   3,802
Mallay   733
Tambomayo   1,672
 
Copper (MT)    
El Brocal   9,854
 

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 45.95% 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.

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.

Contacts

For Compañia de Minas Buenaventura S.A.A.
In Lima:
Leandro García, (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.pe/ir

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