14:01 | 06.11.2017
Buenaventura Announces Resumption of Operations at Uchucchacua Mine
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
Buenaventura’s Uchucchacua mine has resumed operations.
As was previously reported, a task force (“mesa de trabajo”) was
established on November 3, 2017 by the Office of Social Affairs of the
Ministry of Energy and Mines with the participation of other public
offices, including representatives from the Prime Minister’s office, in
order to end the conflict to resume negotiations. The Oyon community has
therefore honored its commitment to remove its roadblock, which was
preventing Buenaventura’s team from entering the Uchucchacua Mine site.
Normal operations at Uchucchacua resumed on November 4 2017.
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
For a printed version of the Company’s 2016 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.
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