ROHSTOFF INTERNATIONAL

0:54 | 13.10.2017
Buenaventura Announces Third Quarter 2017 Production and Volume Sold Per Metal Results

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 3Q17 production and volume sold results as well as 2017
operating guidance (100% basis).
3Q17 Production per Metal and 2017 Operating Guidance (100%
basis)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1Q17 (Actual)
 

 

 
2Q17 (Actual)
 

 

 
3Q17 (Actual)
 

 

 
9M17 (Actual)
 

 

 
2017 (Estimated)

Gold (Oz.)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orcopampa
 

 

42,332

 

 

 

46,917

 

 

 

51,672

 

 

 

140,920

 

 

 

190k – 200k

Tambomayo
 

 

0

 

 

 

12,454

 

 

 

24,115

 

 

 

36,570

 

 

 

60k – 90k

La Zanja
 

 

32,255

 

 

 

30,647

 

 

 

33,569

 

 

 

96,471

 

 

 

115k – 125k

Tantahuatay
 

 

31,245

 

 

 

31,725

 

 

 

43,320

 

 

 

106,290

 

 

 

145k – 155k

Yanacocha
 

 

137,621

 

 

 

120,856

 

 

 

247,321

 

 

 

505,798

 

 

 

530k – 560k

 

 

 

 

 

 

 

 

 

 

 

 

Silver (Oz.)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uchucchacua 1
 

 

4,021,722

 

 

 

4,311,194

 

 

 

4,121,319

 

 

 

12,454,235

 

 

 

17.0M – 18.0M

Julcani
 

 

666,236

 

 

 

647,883

 

 

 

643,051

 

 

 

1,957,169

 

 

 

2.6M – 2.8M

Mallay
 

 

320,372

 

 

 

380,369

 

 

 

216,637

 

 

 

917,378

 

 

 

1.0M – 1.3M

Tambomayo
 

 

0

 

 

 

295,379

 

 

 

678,828

 

 

 

974,207

 

 

 

1.6M – 1.9M

El Brocal
 

 

1,044,908

 

 

 

976,757

 

 

 

1,015,170

 

 

 

3,036,835

 

 

 

3.5M – 4.5M

 
Zinc (MT)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

El Brocal
 

 

16,903

 

 

 

12,166

 

 

 

11,658

 

 

 

29,069

 

 

 

50k – 60k

Uchucchacua 1
 

 

1,882

 

 

 

2,949

 

 

 

3,891

 

 

 

8,722

 

 

 

10k – 12k

Mallay
 

 

2,174

 

 

 

2,244

 

 

 

1,403

 

 

 

5,821

 

 

 

7.0k – 9.0k

Tambomayo
 

 

0

 

 

 

59

 

 

 

761

 

 

 

820

 

 

 

2k – 5k

 
Copper (MT)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

El Brocal
 

 

11,155

 

 

 

10,308

 

 

 

11,531

 

 

 

32,994

 

 

 

50K – 60K

Cerro Verde
 

 

118,744

 

 

 

118,071

 

 

 

TBA

 

 

 

TBA

 

 

 

500k – 550k

1. Production from 3Q17 considers 139,336 Ag Oz and 170 Zn MT from
Uchucchacua´s material treated in Mallay´s processing plant.

 

3Q17 Volume sold per Metal(100% basis)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1Q17 (Actual)
 

 

 
2Q17 (Actual)
 

 

 
3Q17 (Actual)
 

 

 
9M17 (Actual)

Gold (Oz.)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orcopampa
 

 

42,101

 

 

 

42,821

 

 

 

54,544

 

 

 

139,466

Tambomayo
 

 

0

 

 

 

4,840

 

 

 

26,799

 

 

 

31,639

La Zanja
 

 

32,570

 

 

 

31,105

 

 

 

34,662

 

 

 

98,338

Tantahuatay
 

 

30,493

 

 

 

32,103

 

 

 

41,621

 

 

 

104,217

 

 

 

 

 

 

 

 

 

Silver (Oz.)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Uchucchacua
 

 

3,732,401

 

 

 

3,651,304

 

 

 

4,452,812

 

 

 

11,836,518

Julcani
 

 

912,656

 

 

 

394,077

 

 

 

829,755

 

 

 

2,136,488

Mallay
 

 

311,157

 

 

 

309,975

 

 

 

160,298

 

 

 

781,431

Tambomayo
 

 

0

 

 

 

81,454

 

 

 

656,070

 

 

 

737,524

El Brocal
 

 

825,740

 

 

 

750,077

 

 

 

831,154

 

 

 

2,406,971

 
Zinc (MT)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

El Brocal
 

 

14,102

 

 

 

9,849

 

 

 

9,884

 

 

 

33,835

Uchucchacua
 

 

1,118

 

 

 

2,180

 

 

 

3,291

 

 

 

6,589

Mallay
 

 

1,472

 

 

 

2,169

 

 

 

1,132

 

 

 

4,773

Tambomayo
 

 

0

 

 

 

0

 

 

 

491

 

 

 

491

 
Copper (MT)
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

El Brocal
 

 

9,806

 

 

 

10,018

 

 

 

11,243

 

 

 

31,066

 
Company DescriptionCompañía 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;
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 StatementsThis 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

View source version on businesswire.com: http://www.businesswire.com/news/home/20171012006514/en/


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