Buenaventura Announces Third Quarter and 2015 Estimated Production Per Metal

LIMA, Peru--()--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 3Q15 production results and 2015 operating guidance.

3Q15 Production per Metal and 2015 Operating Guidance (100% basis)
                 
    3Q15 (Actual)     9M15 (Actual)     2015 (Estimated)
           

Gold (Oz.)

                 
Orcopampa     54,035     156,023     195k - 205k
La Zanja     35,653     103,362     138k - 142k
Tantahuatay     34,739     97,085     138k - 142k
Yanacocha     242,454     706,433     880k - 920k
 
Silver (Oz.)                  
Uchucchacua     3,775,049     9,801,411     14.0M - 14.5M
Julcani     794,810     2,397,790     2.9M - 3.1M
Mallay     323,095     928,126     1.1M - 1.3M
El Brocal     735,760     2,486,399     3.4M - 4.0M
 
Zinc (MT)                  
El Brocal     11,670     37,353     50K - 55K
Uchucchacua     1,293     4,090     5.3K - 5.8K
Mallay     2,445     6,765     9.0K - 9.5K
 
Copper (MT)                  
El Brocal     9,446     22,895     30K - 35K
Cerro Verde     TBA     TBA     TBA
 

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.

(*) 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.

www.buenaventura.com

Contacts

Contacts in Lima:
Compañía de Minas Buenaventura S.A.A.
Carlos Galvez, Chief Financial Officer
Tel (511) 419 2540
or
Daniel Dominguez, Director of Treasury and Investor Relations
Tel (511) 419 2591
daniel.dominguez@buenaventura.pe
or
Contacts in New York:
i-advize Corporate Communications
Maria Barona - Rafael Borja
buenaventura@i-advize.com
Tel (212) 406 3691 - 3693

Contacts

Contacts in Lima:
Compañía de Minas Buenaventura S.A.A.
Carlos Galvez, Chief Financial Officer
Tel (511) 419 2540
or
Daniel Dominguez, Director of Treasury and Investor Relations
Tel (511) 419 2591
daniel.dominguez@buenaventura.pe
or
Contacts in New York:
i-advize Corporate Communications
Maria Barona - Rafael Borja
buenaventura@i-advize.com
Tel (212) 406 3691 - 3693