Latest News by Industry
LIMA, Peru--(BUSINESS WIRE)--Oct 10, 2022--
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 3Q22 results for production and volume sold.
3Q22 Production per Metal
(100% basis)
1Q22
(Actual)
2Q22
(Actual)
3Q22
(Actual)
9M22
(Actual)
2022 Updated
Guidance (1)
Gold (Oz.)
Orcopampa
19,031
17,749
20,164
56,944
70k - 75kTambomayo
13,867
14,351
13,755
41,973
50k - 55kLa Zanja
5,900
4,767
8,786
19,452
31k - 38kCoimolache
19,512
19,930
21,899
61,341
80k - 85kEl Brocal
4,350
4,457
7,085
15,892
20k - 23k
Silver (Oz.)
Uchucchacua
0
0
0
0
0El Brocal
1,059,666
806,123
813,272
2,679,061
3.0M - 3.5MTambomayo
419,396
433,820
546,256
1,399,472
1.8M - 2.4MJulcani
661,132
640,557
692,876
1,994,565
2.4M - 2.7M
Lead (MT)
El Brocal
2,497
1,306
1,781
5,584
6.0k - 7.0kUchucchacua
0
0
0
0
0Tambomayo
2,509
2,823
2,639
7,970
9.5k - 10.5k
Zinc (MT)
El Brocal
8,772
4,146
6,403
19,321
22.0k - 24.0kUchucchacua
0
0
0
0
0Tambomayo
3,543
3,920
3,446
10,910
13.0k - 15.0k
Copper (MT)
El Brocal
10,159
10,537
12,108
32,805
40.0k - 45.0k
3Q22 Comments
Tambomayo:
Orcopampa:
Coimolache:
La Zanja:
Julcani:
Uchucchacua:
El Brocal:
3Q22 Payable Volume Sold
3Q22 Volume Sold per Metal (100% basis)
1Q22
(Actual)
2Q22
(Actual)
3Q22
(Actual)
9M22
(Actual)
Gold (Oz.)
Orcopampa
19,307
17,719
19,814
56,840Tambomayo
12,181
12,917
12,150
37,248La Zanja
5,773
4,452
8,470
18,695Coimolache
20,586
20,551
21,431
62,568El Brocal
2,907
2,590
5,229
10,725
Silver (Oz.)
Uchucchacua
18,730
139,688
150,426
308,844El Brocal
852,933
650,260
642,558
2,145,751Tambomayo
351,077
376,313
468,076
1,195,466Julcani
636,303
605,634
651,077
1,893,014
Lead (MT)
El Brocal
2,239
1,071
1,568
4,878Uchucchacua
0
18
0
18Tambomayo
2,275
2,629
2,449
7,353
Zinc (MT)
El Brocal
7,256
3,370
5,229
15,855Uchucchacua
0
0
0
0Tambomayo
2,922
3,262
2,832
9,016
Copper (MT)
El Brocal
9,697
10,311
11,431
31,439
Realized Metal Prices*
1Q22
(Actual)
2Q22
(Actual)
3Q22
(Actual)
9M22
(Actual)Gold (Oz)
1,896
1,825
1,678
1,794Silver (Oz)
24.10
22.71
17.33
21.32Lead (MT)
2,363
2,180
1,713
2,093Zinc (MT)
4,105
4,489
3,412
3,983Copper (MT)
9,950
9,073
7,261
8,685
*Buenaventura consolidated figures.
Appendix
1. 3Q22 Production per Metal
1Q22
(Actual)
2Q22
(Actual)
3Q22
(Actual)
9M22
(Actual)
Silver (Oz.)
Orcopampa
7,856
7,334
8,247
23,437La Zanja
23,363
30,318
31,665
85,347Coimolache
77,195
75,504
76,133
228,832
Lead (MT)
Julcani
99
124
140
363
2. 3Q22 Volume Sold per Metal
1Q22
(Actual)
2Q22
(Actual)
3Q22
(Actual)
9M22
(Actual)
Silver (Oz.)
Orcopampa
6,928
12,411
7,715
27,054La Zanja
21,818
29,273
32,268
83,358Coimolache
96,634
84,859
78,028
259,521
Lead (MT)
Julcani
76
93
112
280
Company Description
Compañía 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*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).
The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).
For a printed version of the Company’s 2021 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 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 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/20221010005543/en/
CONTACT: Contacts in Lima:
Daniel Dominguez, Chief Financial Officer
(511) 419 2540
Gabriel Salas, Head of Investor Relations
(511) 419 2591 / Gabriel.salas@buenaventura.pe
Contacts in NY:
Barbara Cano
(646) 452 2334
barbara@inspirgroup.com
Company Website: www.buenaventura.com.pe/ir
KEYWORD: SOUTH AMERICA PERU
INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES
SOURCE: Compañia de Minas Buenaventura S.A.A.
Copyright Business Wire 2022.
PUB: 10/10/2022 05:45 PM/DISC: 10/10/2022 05:47 PM
http://www.businesswire.com/news/home/20221010005543/en