Buenaventura Announces Fourth Quarter and 2014 Production Per Metal

Compañía 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 4Q14 and 2014 operating results.

Fourth Quarter and 2014 Production per Metal

 

4Q14 (Actual)

2014 (Actual)

100% Basis

100% Basis

Attributable *

Gold (Oz.)

Orcopampa

        
        
          54,878
        
        
        
        
          203,226
        
        
          203,226
        
      
      
        
          

Breapampa

        
        
          13,178
        
        
        
        
          74,807
        
        
          74,807
        
      
      
        
          

La Zanja

        
        
          34,959
        
        
        
        
          143,724
        
        
          76,260
        
      
      
        
          

Tantahuatay

        
        
          38,558
        
        
        
        
          143,643
        
        
          57,594
        
      
      
        
          

Yanacocha

        
        
          322,309
        
        
        
        
          969,944
        
        
          423,381
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Silver (Oz.)

Uchucchacua

        
        
          3,395,628
        
        
        
        
          12,055,570
        
        
          12,055,570
        
      
      
        
          

Julcani

        
        
          782,652
        
        
        
        
          3,084,347
        
        
          3,084,347
        
      
      
        
          

Mallay

        
        
          309,213
        
        
        
        
          1,216,034
        
        
          1,216,034
        
      
      
        
          

El Brocal

        
        
          921,625
        
        
        
        
          2,501,839
        
        
          1,352,744
        
      
      
        
          

Others

        
        
          1,161,435
        
        
        
        
          4,325,316
        
        
          1,961,829
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Zinc (MT)

El Brocal

        
        
          8,640
        
        
        
        
          10,162
        
        
          5,494
        
      
      
        
          

Uchucchacua

        
        
          1,504
        
        
        
        
          6,349
        
        
          6,349
        
      
      
        
          

Mallay

        
        
          2,333
        
        
        
        
          9,893
        
        
          9,893
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Copper (MT)

El Brocal

        
        
          10,749
        
        
        
        
          43,282
        
        
          23,403
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          * La Zanja (53.06%), Tantahuatay (40.095%), El Brocal (54.07%) and 
          Yanacocha (43.65%).
        
      
    
    

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 Chucapaca 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 2013 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

Lima:Compañia de Minas Buenaventura S.A.A.Carlos Galvez, 511-419-2540Chief Financial OfficerorDaniel Dominguez, 511-419-2591Director of Treasury and Investor [e-mail] York:i-advize Corporate CommunicationsMaria Barona / Rafael Borja212-406-3691/[e-mail]