Buenaventura Announces Leadership Transition

Raul Benavides, VP of Business Development, Named Interim VP of Operations

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 that Mr. Igor Gonzales, Vice President of Operations of Buenaventura, is leaving the Company effective April 30, 2017 due to personal reasons. Mr. Raul Benavides, Vice-president of Business Development, has been appointed to serve as interim VP of Operations upon his departure.

Mr. Gonzales assumed this role in November 2014 and since then has made important contributions in operations, occupational safety and continuous improvement. He will continue to exercise his position as Buenaventura´s Board Member in accordance with the resolutions of the General Shareholders' Meeting held on March 28, 2017.

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) and is developing the San Gabriel Project.

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 2015 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.

Contacts

Compañia de Minas Buenaventura S.A.A.
Lima:
Carlos Galvez, 511-419-2540
Chief Financial Officer
or
Rodrigo Echecopar, 511-419-2591
Investor Relations Coordinator
rodrigo.echecopar@buenaventura.pe
or
NY:
Barbara Cano, 646-452 2334
barbara.cano@mbsvalue.com
or
Company Website: www.buenaventura.pe/ir

Contacts

Compañia de Minas Buenaventura S.A.A.
Lima:
Carlos Galvez, 511-419-2540
Chief Financial Officer
or
Rodrigo Echecopar, 511-419-2591
Investor Relations Coordinator
rodrigo.echecopar@buenaventura.pe
or
NY:
Barbara Cano, 646-452 2334
barbara.cano@mbsvalue.com
or
Company Website: www.buenaventura.pe/ir