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Name | Symbol | Market | Type |
---|---|---|---|
Compania De Minas Buenaventura SA | NYSE:BVN | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.72% | 16.83 | 16.925 | 16.45 | 16.79 | 602,431 | 01:00:00 |
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 2Q21 production and volume sold.
2Q21 Production per Metal and 2021 Guidance (100% basis) 1Q21(Actual) 2Q21 (Actual) 6M21 (Actual) Updated 2021Guidance (1) (2) Gold (Oz.) Orcopampa5,986
9,130
15,116
40k - 45k
Tambomayo15,347
17,964
33,311
69k - 75k
La Zanja3,908
4,447
8,355
12k - 15k
Coimolache26,133
30,378
56,510
99k - 106k
Yanacocha62,125
66,563
128,688
315k (3)
El Brocal3,067
4,317
7,384
20k - 25k
Silver (Oz.) Uchucchacua1,243,916
1,268,082
2,511,997
6.0M - 7.0M
El Brocal1,574,305
1,603,208
3,177,513
5.4M - 6.0M
Tambomayo284,677
432,638
717,315
1.2M - 1.4M
Julcani648,854
570,248
1,219,102
2.1M - 2.4M
Lead (MT) El Brocal2,140
2,812
4,952
10.0k - 12.0k
Uchucchacua1,292
1,715
3,006
5.0k - 7.0k
Tambomayo1,504
2,767
4,271
5.9k - 6.5k
Zinc (MT) El Brocal10,207
8,612
18,819
40.0k - 45.0k
Uchucchacua1,246
3,029
4,275
7.0k - 10.0k
Tambomayo1,821
3,671
5,491
6.9k - 7.5k
Copper (MT)
El Brocal
7,965
10,494
18,460
37.0k - 42.0k
1. Above 2021 projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production results as of July 2021.2. Updated guidance could potentially be adversely impacted due to further effects related to COVID-19.
3. As announced by Newmont on February 18, 2021.
Additional Comments
2Q21 Payable Volume Sold
2Q21 Volume sold per Metal (100% basis)1Q21
(Actual)
2Q21
(Actual)
6M21
(Actual)
Gold (Oz.) Orcopampa5,698
9,618
15,316
Tambomayo14,631
16,652
31,283
La Zanja3,897
4,455
8,352
Coimolache28,094
29,815
57,909
El Brocal1,951
2,805
4,756
Silver (Oz.)
Uchucchacua
1,029,816
1,226,055
2,255,872
El Brocal1,244,168
1,325,553
2,569,720
Tambomayo257,290
380,029
637,319
Lead (MT)
El Brocal
2,239
2,597
4,836
Uchucchacua1,014
1,450
2,463
Tambomayo1,440
2,575
4,015
Julcani113
91
204
Zinc (MT)
El Brocal
8,491
7,117
15,608
Uchucchacua914
2,309
3,223
Tambomayo1,401
3,049
4,451
Copper (MT)
El Brocal
7,536
9,948
17,485
Realized Metal Prices*1Q21
(Actual)
2Q21
(Actual)
6M21
(Actual)
Gold (Oz)1,726
1,815
1,776
Silver (Oz)26.98
27.06
27.02
Lead (MT)2,129
2,192
2,166
Zinc (MT)3,220
3,010
3,108
Copper (MT)8,994
10,033
9,585
*Buenaventura consolidated figures. Appendix
1. 2Q21 Production per Metal
1Q21 (Actual)
2Q21 (Actual)
6M21 (Actual)
Gold (Oz.)
Julcani
13
48
61
Silver (Oz.)
Orcopampa
1,043
1,781
2,823
La Zanja
27,042
20,519
47,561
Coimolache
200,993
166,327
367,320
Yanacocha
187,057
33,338
220,395
Lead (MT)
Julcani
146
123
269
2. 2Q21 Volume Sold per Metal
1Q21 (Actual)
2Q21 (Actual)
6M21 (Actual)
Gold (Oz.)
Julcani
10
46
56
Silver (Oz.)
Orcopampa
1,878
1,518
3,396
La Zanja
28,964
24,710
53,673
Coimolache
215,648
178,729
394,377
Lead (MT)
Julcani
113
91
204
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*, 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 & Sumitomo Corporation), an important precious metal producer and 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc., Sumitomo Corporation & Sumitomo Metals).
For a printed version of the Company’s 2018 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727006167/en/
Contacts in Lima: Daniel Dominguez, Chief Financial Officer (511) 419 2540 Rodrigo Echecopar, Head of Investor Relations (511) 419 2591 / rodrigo.echecopar@buenaventura.pe Company Website: www.buenaventura.com.pe/ir Contact in NY: Barbara Cano (646) 452 2334 barbara@inspirgroup.com
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