LIMA, Peru--(BUSINESS WIRE)--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 4Q16 production results and 2017 operating guidance.
| 4Q16 Production per Metal and 2017 Operating Guidance (100% basis) | |||||||||
| 4Q16 | 2016 | 2017 | |||||||
| (Actual) | (Actual) | (Estimated) | |||||||
| Gold (Oz.) | |||||||||
| Orcopampa | 45,973 | 191,102 | 180k - 190k | ||||||
| Tambomayo | 120k - 150k | ||||||||
| La Zanja | 32,739 | 139,724 | 115k - 125k | ||||||
| Tantahuatay | 39,926 | 150,816 | 145k - 155k | ||||||
| Yanacocha | 171,675 | 654,934 | 500k - 600k | ||||||
| Others | 8,091 | 25,541 | 25k - 30k | ||||||
| BVN - Equity 1 | 159,212 | 627,434 | 650k - 750k | ||||||
| Silver (Oz.) | |||||||||
| Uchucchacua | 4,042,722 | 16,212,746 | 16.0M - 17.0M | ||||||
| Tambomayo | 2.5M - 3.5M | ||||||||
| Julcani | 790,618 | 3,264,420 | 3.0M - 3.4M | ||||||
| Mallay | 374,756 | 1,627,246 | 1.5M - 1.7M | ||||||
| El Brocal | 1,158,392 | 2,634,739 | 3.5M - 4.5M | ||||||
| Others | 1,416,970 | 5,852,148 | 1.8M - 2.2M | ||||||
| BVN - Equity 1 | 6,382,558 | 24,672,571 | 27M - 30M | ||||||
| Zinc (MT) | |||||||||
| El Brocal | 19,908 | 57,385 | 70k - 80k | ||||||
| Uchucchacua | 1,662 | 7,227 | 6.5k - 7.5k | ||||||
| Mallay | 2,326 | 10,463 | 11.5k - 12.5k | ||||||
| Tambomayo | 5.0k - 7.0k | ||||||||
| BVN - Equity 1 | 15,646 | 51,465 | 65k - 75k | ||||||
| Copper (MT) | |||||||||
| El Brocal | 13,858 | 49,170 | 55k - 65k | ||||||
| Cerro Verde 2 | 130,000 | 500,000 | 550k - 600k | ||||||
| BVN - Equity 1 | 33,952 | 128,051 | 140k - 160k | ||||||
| 1. Considers 100% of BVN´s operating units, 61.32% of El Brocal | |||||||||
| 53.06% of La Zanja, 40.95% of Coimolache & 43.65% of Yanacocha. | |||||||||
| 2. Estimated production. | |||||||||
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.
