Get Cash Back and $0 Commissions
+ The Power of TradeStation
Business Wire 9-Oct-2018 8:27 AM
Compañía 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 preliminary 3Q18 production and volume sold results as well as full year 2018 operating guidance (100% basis).
3Q18 Production per Metal and 2018 Operating Guidance (100% basis) | ||||||||||||||||
1Q18(Actual) |
2Q18(Actual) |
3Q18(Actual) |
9M18(Actual) |
2018(Estimated) |
||||||||||||
Gold (Oz.) | ||||||||||||||||
Orcopampa | 39,987 | 35,694 | 26,835 | 102,516 | 120k - 140k | |||||||||||
Tambomayo | 33,693 | 31,173 | 33,279 | 98,145 | 125k - 135k | |||||||||||
La Zanja | 17,722 | 15,660 | 18,147 | 51,529 | 70k - 80k | |||||||||||
Tantahuatay | 29,915 | 39,557 | 54,011 | 123,484 | 160k - 180k | |||||||||||
Yanacocha | 104,233 | 115,342 | 153,523 | 373,098 | 470k - 545k | |||||||||||
El Brocal | 7,029 | 5,924 | 4,364 | 17,317 | 20k - 25k | |||||||||||
Silver (Oz.) | ||||||||||||||||
Uchucchacua | 4,413,249 | 4,005,948 | 3,744,036 | 12,163,232 | 15.0M - 17.0M | |||||||||||
Julcani | 504,155 | 620,276 | 692,728 | 1,817,159 | 2.3M - 2.5M | |||||||||||
Mallay | 155,000 | 134,936 | 126,476 | 416,411 | 0.4M - 0.5M | |||||||||||
Tambomayo | 1,019,915 | 1,106,694 | 929,949 | 3,056,558 | 3.5M - 4.5M | |||||||||||
El Brocal | 739,454 | 967,763 | 1,260,010 | 2,967,226 | 4.6M - 5.0M | |||||||||||
Lead (MT) | ||||||||||||||||
Julcani | 283 | 231 | 270 | 784 | 1.0k - 2.0k | |||||||||||
Uchucchacua | 4,184 | 4,762 | 5,214 | 14,161 | 18.0k - 20.0k | |||||||||||
Mallay | 504 | 447 | 416 | 1,367 | 0.5k - 2.5k | |||||||||||
Tambomayo | 856 | 814 | 1,027 | 2,697 | 3.0k - 4.5k | |||||||||||
El Brocal | 3,737 | 4,700 | 6,784 | 15,222 | 20.0k - 30.0k | |||||||||||
Zinc (MT) | ||||||||||||||||
El Brocal | 13,797 | 12,353 | 9,741 | 35,892 | 45k - 55k | |||||||||||
Uchucchacua | 4,575 | 4,842 | 6,556 | 15,974 | 20.0k - 22.0k | |||||||||||
Mallay | 952 | 1,187 | 905 | 3,044 | 3.0k - 3.6k | |||||||||||
Tambomayo | 2,562 | 1,998 | 2,046 | 6,606 | 7.5k - 8.5k | |||||||||||
Copper (MT) | ||||||||||||||||
El Brocal | 10,482 | 11,173 | 12,483 | 34,139 | 45K - 55K | |||||||||||
Production Comments
Gold Operations
Silver Operations
Base Metals Operations
Volume Sold
3Q18 Volume sold per Metal (100% basis) | |||||||||||||
1Q18(Actual) |
2Q18(Actual) |
3Q18(Actual) |
9M18(Actual) |
||||||||||
Gold (Oz.) | |||||||||||||
Orcopampa | 40,015 | 35,155 | 28,144 | 103,314 | |||||||||
Tambomayo | 30,698 | 30,721 | 32,101 | 93,520 | |||||||||
La Zanja | 18,222 | 17,495 | 18,419 | 54,136 | |||||||||
Tantahuatay | 27,957 | 38,599 | 53,859 | 120,415 | |||||||||
El Brocal | 5,102 | 4,029 | 2,685 | 11,815 | |||||||||
Silver (Oz.) | |||||||||||||
Uchucchacua | 3,853,518 | 4,125,034 | 3,515,670 | 11,494,222 | |||||||||
Julcani | 352,236 | 741,469 | 639,454 | 1,733,159 | |||||||||
Mallay | 136,838 | 123,609 | 101,118 | 361,565 | |||||||||
Tambomayo | 837,123 | 1,143,540 | 926,741 | 2,907,404 | |||||||||
El Brocal | 536,585 | 774,576 | 974,775 | 2,285,936 | |||||||||
Lead (MT) | |||||||||||||
Julcani | 169 | 275 | 235 | 678 | |||||||||
Uchucchacua | 3,434 | 4,387 | 4,697 | 12,518 | |||||||||
Mallay | 440 | 434 | 371 | 1,245 | |||||||||
Tambomayo | 528 | 1,025 | 1,006 | 2,560 | |||||||||
El Brocal | 3,339 | 4,490 | 5,636 | 13,465 | |||||||||
Zinc (MT) | |||||||||||||
El Brocal | 11,354 | 10,383 | 7,712 | 29,450 | |||||||||
Uchucchacua | 3,802 | 3,783 | 4,898 | 12,483 | |||||||||
Mallay | 733 | 986 | 720 | 2,438 | |||||||||
Tambomayo | 1,672 | 1,871 | 1,830 | 5,374 | |||||||||
Copper (MT) | |||||||||||||
El Brocal | 9,854 | 10,517 | 11,816 | 32,187 | |||||||||
Company DescriptionCompañía 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*, Mallay*, 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), 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 2017 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 StatementsThis 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/20181009005651/en/