LIMA, Peru--(BUSINESS WIRE)--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, is pleased to announce that it has resumed operations at its Orcopampa mine.
As was announced on December 12, 2018, the Company decided to temporarily suspend production at the Orcopampa mine, beginning on December 17, 2018 through January 31, 2019. This is consistent with the Buenaventura's strategy of prioritizing Orcopampa's De-bottlenecking Program over ore extraction.
In accordance with Buenaventura's communicated plan, the existing infrastructure was successfully optimized by improving the mine ventilation system and reinforcing the galleries to ensure the safety of Orcopampa's on site team. All activities at both the mine and the plant will resume today with no delays.
Company Description
Compañía de Minas Buenaventura S.A.A. is
Peru’s largest, publicly traded precious and base metals Company and a
major holder of mining rights in Peru. The Company is engaged in the
exploration, mining development, processing and trade of gold, silver
and other base metals via wholly-owned mines and through its
participation in joint venture 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 2017 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.