LIMA, Peru--(BUSINESS WIRE)--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 that the processing plant at the Tambomayo project located in Arequipa, which was commissioned in December of 2016, has successfully completed the ramp up process. Tambomayo has stably operated at 1,500 TPD (full capacity) over a period exceeding two weeks.
Chief Executive Officer Victor Gobitz reiterated that the commissioning and ramp up of the plant had been completed on schedule and commercial operation was reached by September 1, 2017, “This achievement is further demonstration of the skills and dedication of our team and the ability to deliver on our promises,” he said.
As announced in April, Tambomayo´s guidance for 2017 is 60k – 90k gold ounces and 1.6M – 1.9M silver ounces and for a full year of production Tambomayo will produce 120k – 150k gold ounces and 3M – 4M silver ounces.
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*, Tambomayo*, El Brocal, La Zanja and Coimolache) and is developing the San Gabriel 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.
