Cerro Verde

Buenaventura Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Friday, March 1, 2024

If you would prefer to receive a call rather than dial in, please register via the following link.

Key Points: 
  • If you would prefer to receive a call rather than dial in, please register via the following link.
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.
  • (Please note: Participants will be joined directly to the conference and will hear hold music until the call begins.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

Buenaventura Announces Fourth Quarter 2023 Results for Production and Volume Sold per Metal

Retrieved on: 
Wednesday, February 14, 2024

Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.

Key Points: 
  • Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.
  • Orcopampa: 2023 gold production slightly exceeded guidance, as ore extracted during the 4Q23 had higher than anticipated gold grades.
  • Coimolache: 2023 gold production exceeded guidance, as optimized leach pad space enabled higher-than-planned volumes of ore treated during 4Q23.
  • 2023 lead and zinc production surpassed guidance while silver production underperformed guidance due to a short-term planning adjustment and to prioritize processing higher value ore production at Yumpag.

Buenaventura cordially invites you to its Fourth Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, February 6, 2024

(NYSE: BVN; Lima Stock Exchange: BUE.LM) today announces that it will hold its Fourth Quarter 2023 earnings conference call on:

Key Points: 
  • (NYSE: BVN; Lima Stock Exchange: BUE.LM) today announces that it will hold its Fourth Quarter 2023 earnings conference call on:
    Participating in the call to review Buenaventura’s Fourth Quarter 2023 financial and operating results will be Leandro García Raggio, Chief Executive Officer, as well as other members of the senior management team.
  • The fourth quarter results will be issued on Thursday, February 29, 2024, after the market close.
  • To participate in the conference call, please dial:
    Please ask to be joined in the Compañía de Minas Buenaventura’s call.
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.

Buenaventura Comments on call of the General Shareholders’ Meeting

Retrieved on: 
Thursday, January 25, 2024

This amendment would subsequently allow proposing to the General Shareholders' Meeting the appointment of two directors proposed by Antofagasta, taking into consideration the right it has based on the percentage of its owned shares.

Key Points: 
  • This amendment would subsequently allow proposing to the General Shareholders' Meeting the appointment of two directors proposed by Antofagasta, taking into consideration the right it has based on the percentage of its owned shares.
  • In this regard, the Company considers that Antofagasta's contribution to the Board of Directors would add value to its composition, considering its experience and knowledge in the mining sector.
  • is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

Buenaventura Comments on Acquisition of Equity Interest in Buenaventura by Antofagasta plc

Retrieved on: 
Friday, December 15, 2023

(“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, announces that is has become aware that Antofagasta plc ("Antofagasta") has entered into transactions pursuant to which Antofagasta, acting through a wholly owned subsidiary, has acquired beneficial ownership of approximately 19% of Buenaventura’s outstanding shares.

Key Points: 
  • (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, announces that is has become aware that Antofagasta plc ("Antofagasta") has entered into transactions pursuant to which Antofagasta, acting through a wholly owned subsidiary, has acquired beneficial ownership of approximately 19% of Buenaventura’s outstanding shares.
  • Roque Benavides, Chairman of the Board of Buenaventura, stated: “Buenaventura looks forward to working with Antofagasta as a collaborative partner to grow the value of our business, including by leveraging their deep expertise and proven track record in responsibly developing and operating world-class copper assets.”
    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.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

Freeport-McMoRan Recommends Rejection of Below-Market Price Mini-Tender Offer

Retrieved on: 
Friday, November 17, 2023

TRC’s offer price is approximately 4.4% below the $33.69 per share closing price of FCX’s common stock on November 10, 2023, the last trading day prior to the date of the offer, and approximately 10% below the $35.54 per share closing price of FCX’s common stock on November 16, 2023.

Key Points: 
  • TRC’s offer price is approximately 4.4% below the $33.69 per share closing price of FCX’s common stock on November 10, 2023, the last trading day prior to the date of the offer, and approximately 10% below the $35.54 per share closing price of FCX’s common stock on November 16, 2023.
  • FCX recommends that shareholders who have not responded to TRC’s offer take no action.
  • FCX does not endorse this unsolicited mini-tender offer, and FCX is not affiliated or associated in any way with TRC, TRC’s mini-tender offer or the mini-tender offer documentation.
  • FCX requests that a copy of this press release be included with all distributions of materials related to TRC’s mini-tender offer related to FCX’s common stock.

Buenaventura Announces Sale of Contacto Corredores De Seguros

Retrieved on: 
Friday, November 3, 2023

“I am very pleased to enter into this transaction with Howden,” said Leandro Garcia, CEO of Buenaventura.

Key Points: 
  • “I am very pleased to enter into this transaction with Howden,” said Leandro Garcia, CEO of Buenaventura.
  • “This sale of a non-core asset reflects our continued success in strengthening Buenaventura’s balance sheet while further increasing our Company’s liquidity ratio.
  • is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

Buenaventura Cordially Invites You to Its Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Monday, October 16, 2023

The third quarter results will be issued on Monday, October 30, 2023, after the market close.

Key Points: 
  • The third quarter results will be issued on Monday, October 30, 2023, after the market close.
  • To participate in the conference call, please dial:
    Please ask to be joined in the Compañía de Minas Buenaventura’s call.
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.
  • (Please note: Participants will be joined directly to the conference and will hear hold music until the call begins.

Buenaventura Announces Temporary Suspension of Mining Activities at Colquijirca’s Tajo Norte Mine

Retrieved on: 
Tuesday, October 3, 2023

(“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced that the Company has submitted a notice to the Peruvian Ministry of Energy and Mines (MINEM) for the temporary suspension of mining activities at Colquijirca’s Tajo Norte mine for up to three years.

Key Points: 
  • (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced that the Company has submitted a notice to the Peruvian Ministry of Energy and Mines (MINEM) for the temporary suspension of mining activities at Colquijirca’s Tajo Norte mine for up to three years.
  • The partial temporary suspension of exploitation activities is due to a delay of Colquijirca’s Modification of Environmental Impact Assessment approval.
  • However, only exploration activities, stockpiled ore rehandling at the concentrator plant, water management, and care and maintenance activities will be carried out at Colquijirca’s Tajo Norte mine.
  • The Company will maintain its focus on improving operating efficiency to remain competitive while mining activities at Tajo Norte are suspended.

Buenaventura Announces the Granting of Environmental Permit for Yumpag Project

Retrieved on: 
Thursday, September 7, 2023

(“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, is pleased to announce that the Company has received approval of its Environmental Impact Assessment (EIA) for its Yumpag project by the Peruvian Environmental Certification authority (SENACE).

Key Points: 
  • (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, is pleased to announce that the Company has received approval of its Environmental Impact Assessment (EIA) for its Yumpag project by the Peruvian Environmental Certification authority (SENACE).
  • The approval of the EIA is a key milestone towards enabling the Company to develop Yumpag and brings Buenaventura closer to the production phase.
  • Leandro Garcia, Buenaventura’s CEO commented, “The environmental approval of the Yumpag project is a significant step in the process of taking the project into production.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).