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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 | |
---|---|---|---|---|---|---|---|---|
0.10 | 0.60% | 16.71 | 17.05 | 16.301 | 16.53 | 535,362 | 01:00:00 |
Compañía de Minas Buenaventura S.A.A. (“Buenaventura”) (NYSE:BVN; Lima Stock Exchange:BUE.LM), Peru’s largest publicly traded, precious metals mining company today announced preliminary 2Q16 production results and 2016 operating guidance.
2Q16 Production per Metal and 2016 Operating Guidance (100% basis)
1Q16(Actual)
2Q16(Actual)
1H16(Actual)
2016(Estimated)
Gold (Oz.) Orcopampa 44,135 47,826 91,962 190k - 200k La Zanja 34,193 35,384 69,577 130k - 140k Tantahuatay 34,562 36,733 71,295 145k - 155k Yanacocha 180,348 155,524 335,872 630k - 660k Silver (Oz.) Uchucchacua 4,161,975 3,921,199 8,083,174 15.5M - 16.5M Julcani 853,052 837,937 1,690,989 3.0M - 3.4M Mallay 408,619 431,346 839,964 1.5M - 1.9M El Brocal 526,724 480,818 1,007,541 2.5M - 3.0M Zinc (MT) El Brocal 9,916 13,725 23,641 60K - 70K Uchucchacua 1,725 1,890 3,615 6.0K - 7.0K Mallay 2,764 2,632 5,396 11.0K - 11.8K Copper (MT) El Brocal 11,344 11,677 23,020 35K - 45K Cerro Verde 123,414 TBA TBA 500k - 550kCompany 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*, El Brocal, La Zanja and Coimolache) and is developing the Tambomayo and San Gabriel 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 2015 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: http://www.businesswire.com/news/home/20160711006421/en/
For Compañía de Minas Buenaventura S.A.A.Contacts in LimaCarlos Galvez, (511) 419 2540Chief Financial OfficerorDaniel Dominguez, (511) 419 2591Manager of Financial Planning and Investor Relationsdaniel.dominguez@buenaventura.peorRodrigo Echecopar, (511) 419 2609Investor Relations Coordinatorrodrigo.echecopar@buenaventura.peorContacts in New Yorki-advize Corporate CommunicationsMaria Barona - Rafael Borja, (212) 406 3691 - 3693
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