Buenaventura Announces Third Quarter and 2016 Estimated Production Per Metal

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 3Q16 production results and 2016 operating guidance.

3Q16 Production per Metal and 2016 Operating Guidance (100% basis)

1Q16

(Actual)

2Q16

(Actual)

3Q16

(Actual)

9M16

(Actual)

2016

(Estimated)

Gold (Oz.)

Orcopampa

        
        
           
        
        
           
        
        
          44,135
        
        
           
        
        
          47,826
        
        
           
        
        
          53,167
        
        
           
        
        
          145,129
        
        
           
        
        
          190k - 200k
        
        
           
        
      
      
        
          

La Zanja

        
        
           
        
        
           
        
        
          34,193
        
        
           
        
        
          35,384
        
        
           
        
        
          37,407
        
        
           
        
        
          106,984
        
        
           
        
        
          130k - 140k
        
        
           
        
      
      
        
          

Tantahuatay

        
        
           
        
        
           
        
        
          34,562
        
        
           
        
        
          36,733
        
        
           
        
        
          39,595
        
        
           
        
        
          110,890
        
        
           
        
        
          145k - 155k
        
        
           
        
      
      
        
          

Yanacocha

        
        
           
        
        
           
        
        
          180,348
        
        
           
        
        
          155,524
        
        
           
        
        
          147,387
        
        
           
        
        
          483,259
        
        
           
        
        
          630k - 660k
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Silver (Oz.)

Uchucchacua

        
        
           
        
        
           
        
        
          4,161,975
        
        
           
        
        
          3,921,199
        
        
           
        
        
          4,086,850
        
        
           
        
        
          12,170,024
        
        
           
        
        
          15.5M - 16.5M
        
        
           
        
      
      
        
          

Julcani

        
        
           
        
        
           
        
        
          853,052
        
        
           
        
        
          837,937
        
        
           
        
        
          782,813
        
        
           
        
        
          2,473,802
        
        
           
        
        
          3.0M - 3.4M
        
        
           
        
      
      
        
          

Mallay

        
        
           
        
        
           
        
        
          408,619
        
        
           
        
        
          431,346
        
        
           
        
        
          412,526
        
        
           
        
        
          1,252,490
        
        
           
        
        
          1.5M - 1.9M
        
        
           
        
      
      
        
          

El Brocal

        
        
           
        
        
           
        
        
          526,724
        
        
           
        
        
          480,818
        
        
           
        
        
          468,806
        
        
           
        
        
          1,476,348
        
        
           
        
        
          1.8M - 2.2M
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Zinc (MT)

El Brocal

        
        
           
        
        
           
        
        
          9,916
        
        
           
        
        
          13,725
        
        
           
        
        
          13,836
        
        
           
        
        
          37,477
        
        
           
        
        
          55K - 65K
        
        
           
        
      
      
        
          

Uchucchacua

        
        
           
        
        
           
        
        
          1,725
        
        
           
        
        
          1,890
        
        
           
        
        
          1,950
        
        
           
        
        
          5,566
        
        
           
        
        
          6.0K - 7.0K
        
        
           
        
      
      
        
          

Mallay

        
        
           
        
        
           
        
        
          2,764
        
        
           
        
        
          2,632
        
        
           
        
        
          2,740
        
        
           
        
        
          8,137
        
        
           
        
        
          11.0K - 11.8K
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Copper (MT)

El Brocal

        
        
           
        
        
           
        
        
          11,344
        
        
           
        
        
          11,677
        
        
           
        
        
          12,291
        
        
           
        
        
          35,312
        
        
           
        
        
          40K - 50K
        
        
           
        
      
      
        
          

Cerro Verde

        
        
           
        
        
           
        
        
          123,414
        
        
           
        
        
          126,143
        
        
           
        
        
          TBA
        
        
           
        
        
          TBA
        
        
           
        
        
          500k - 550k
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

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*, El Brocal (61.29%), La Zanja (53.06%) and Coimolache (40.10%) and is developing the wholly owned Tambomayo Project.

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.

www.buenaventura.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20161010006124/en/

Contacts in Lima:BuenaventuraCarlos Galvez, [phone]Chief Financial OfficerorDaniel Dominguez, [phone]Manager of Financial Planning and Investor [e-mail] Echecopar, [phone]Investor Relations [e-mail] in New York:i-advize Corporate CommunicationsMaria Barona - Rafael Borja(212) 406 3691 - 3693