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 3Q14 operating results and 2014 updated production guidance.
                           

Third Quarter Production per Metal and 2014 Updated Guidance (100% basis)
                         

1Q14 (Actual)
      2Q14 (Actual)       3Q14 (Actual)       2014 (Estimated)
 
Gold (Oz.)                                
Orcopampa       44,929       51,102       52,317       190k - 200k
Breapampa       20,927       21,228       19,473       70k - 80k
La Zanja       35,937       36,685       36,143       130k - 140k
Tantahuatay       32,633       35,171       37,281       130k - 140k
Yanacocha       207,511       190,695       249,429       895k - 985k
 
Silver (Oz.)                                
Uchucchacua       2,368,509       2,997,602       3,293,830       11.7M - 12.0M
Julcani       763,437       763,529       774,728       2.8M - 3.2M
Mallay       297,180       302,118       307,523       1.1M - 1.3M
El Brocal       497,664       498,440       584,118       2.0M - 2.3M
 
Zinc (MT)                                
El Brocal       532       347       1,522       11K - 13K
Uchucchacua       1,470       1,575       1,800       6.5K - 7.0K
Mallay       2,450       2,570       2,540       9.5K - 10.5K
 
Copper (MT)                                
El Brocal       10,199       11,332       11,764       38K - 40K
Cerro Verde       60,955       56,683       TBA       240K - 260K
 

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 Chucupaca 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 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 2010