Compania de Minas Buenaventura SAA : Buenaventura Announces Fourth Quarter 2017 Production, Volume Sold per Metal Results and 2018 Operating Guidance
January 09, 2018 at 05:35 am IST
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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 4Q17 production and volume sold results as well as 2018
operating guidance (100% basis).
4Q17 Production per Metal and 2018 Operating Guidance (100% basis)
4Q17 (Actual)
12M17 (Actual)
2017 (Last Guidance)
2018 (Estimated)
Gold (Oz.)
Orcopampa
50,056
190,976
190k - 200k
190k - 210k
Tambomayo
27,605
64,175
60k - 90k
110k - 130k
La Zanja
30,648
127,118
115k - 125k
70k - 80k
Tantahuatay
45,164
151,454
145k - 155k
160k - 180k
Yanacocha
134,291
534,691
530k - 560k
470k - 545k
Silver (Oz.)
Uchucchacua 1
4,129,464
16,583,698
17.0M - 18.0M
17.2M - 18.6M
Julcani
292,358
2,249,527
2.6M - 2.8M
2.1M - 2.4M
Mallay
192,004
1,109,382
1.0M - 1.3M
0.4M - 0.5M
Tambomayo
814,012
1,788,219
1.6M - 1.9M
3.0M - 3.5M
El Brocal
1,047,414
4,084,249
3.5M - 4.5M
4.2M - 4.8M
Zinc (MT)
El Brocal
10,785
51,511
50k - 60k
43k - 50k
Uchucchacua 1
4,318
13,040
10k - 12k
16.6k - 18.3k
Mallay
1,281
7,102
7.0k - 9.0k
3.0k - 3.6k
Tambomayo
2,086
2,906
2k - 5k
7k - 8k
Copper (MT)
El Brocal
12,103
45,097
50K - 60K
61K - 71K
1.
Production from 4Q17 considers 150,203 Ag Oz and 263 Zn MT from
Uchucchacua´s material treated in Mallay´s processing plant.
Volume Sold
4Q17 Volume sold per Metal (100% basis)
4Q17 (Actual)
12M17 (Actual)
Gold (Oz.)
Orcopampa
55,812
195,278
Tambomayo
31,491
63,130
La Zanja
30,285
128,623
Tantahuatay
47,580
151,797
Silver (Oz.)
Uchucchacua
3,747,035
15,583,553
Julcani
330,359
2,466,846
Mallay
211,609
993,040
Tambomayo
884,088
1,621,611
El Brocal
846,928
3,253,899
Zinc (MT)
El Brocal
9,285
43,120
Uchucchacua
3,692
10,281
Mallay
1,153
5,926
Tambomayo
1,906
2,398
Copper (MT)
El Brocal
11,566
42,633
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;
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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180108006941/en/
Compania de Minas Buenaventura S.A.A. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company's segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L. and S.M.R.L. Chaupiloma Dos de Cajamarca), and Industrial activities. The Company operates the Orcopampa, Uchucchacua, Julcani, Mallay and Breapampa mines and has controlling interests in over three other mining companies, which operate the Colquijirca-Marcapunta, Tantahuatay and La Zanja mines. It also owns an electric power transmission company, a hydroelectric plant, a processing plant and an engineering services consulting company and non-controlling interests in various other mining companies.