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6-K

Buenaventura Mining Co Inc (BVN)

6-K 2020-04-28 For: 2020-04-28
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Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN ISSUER

  PURSUANT TO RULE 13a-16 OR 15b-16 OF

  THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2020

Commission File Number 001-14370

COMPANIA DE MINAS BUENAVENTURA S.A.A.

(Exact name of registrant as specified in its charter)

BUENAVENTURA MINING COMPANY INC.

  \(Translation of registrant’s name into English\)

Republic of Peru

  \(Jurisdiction of incorporation or organization\)

CARLOS VILLARAN 790

  SANTA CATALINA, LIMA 13, PERU

  \(Address of principal executive offices\)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ____X___ Form 40-F _______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

  Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101\(b\)\(7\): \[ \]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No ___X____

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.


Buenaventura Announces First Quarter 2020 Results for Production and Volume Sold per Metal

LIMA, Peru--(BUSINESS WIRE)--April 28, 2020--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 1Q20 results for production and volume sold.

1Q20 Production per Metal (100% Basis)
Gold (Oz.) January February March 1Q Type of Proccesing Plant
Orcopampa 3,992 4,129 40 8,160 Flotation
Tambomayo 5,111 7,067 2,371 14,549 Flotation
La Zanja 614 1,750 932 3,297 Heap leaching
Tantahuatay 10,095 6,679 5,719 22,493 Heap leaching
Yanacocha 45,520 35,326 40,956 121,802 Heap leaching
El Brocal 1,570 1,476 1,008 4,054 Flotation
Silver (Oz.) January February March 1Q Type of Proccesing Plant
Uchucchacua 773,878 767,022 415,563 1,956,463 Flotation
El Brocal 221,958 267,914 188,195 678,067 Flotation
Tambomayo 132,079 200,105 53,347 385,532 Flotation
Julcani^^ 217,316 219,535 113,700 550,552 Flotation
Lead (MT) January February March 1Q Type of Proccesing Plant
El Brocal 1,535 2,579 1,346 5,460 Flotation
Uchucchacua 1,044 814 414 2,273 Flotation
Tambomayo 543 443 208 1,194 Flotation
Julcani^^ 54 59 36 149 Flotation
Zinc (MT) January February March 1Q Type of Proccesing Plant
El Brocal 5,089 5,692 4,277 15,058 Flotation
Uchucchacua 1,179 861 320 2,360 Flotation
Tambomayo 609 461 197 1,267 Flotation
Copper (MT) January February March 1Q Type of Proccesing Plant
Cerro Verde 39,195 31,497 21,519 92,211 Flotation
El Brocal 3,415 3,053 2,654 9,122 Flotation

Additional Comments

  1. Peru’s state of emergency and related mandated lockdown began on March 16, 2020.
  2. As was announced on March 30, 2020, Buenaventura has suspended the full year 2020 guidance provided at the Company’s March 9, 2020 Investor Day.
  3. The Company expects to provide updated guidance on May 18, 2020 with the release of its 1Q20 Financial Results.
  4. Buenaventura’s enhanced mine plan will target high-grade areas while maintaining a focus on exploration and cost reduction, once the Company’s mines resume production.
  5. Mineral at Orcopampa is treated during the last two weeks of the month, aligned with the mine’s working protocol. No mineral was therefore treated during the month of March.
  6. The Uchucchacua mine plan is designed to ramp-up production to exploit high-grade areas starting the second quarter of 2020.

1Q20 Payable Volume sold per Metal (100% basis)
1Q20 (Actual)
Gold (Oz.)
Orcopampa 9,016
Tambomayo 5,286
La Zanja 3,295
Tantahuatay 23,978
El Brocal 2,639
Silver (Oz.)
Uchucchacua 1,880,330
El Brocal 466,365
Tambomayo 110,661
Julcani 514,114
Lead (MT)
El Brocal 5,145
Uchucchacua 1,972
Tambomayo 282
Julcani 95
Zinc (MT)
El Brocal 12,438
Uchucchacua 1,874
Tambomayo 992
Copper (MT)
El Brocal 8,458
Realized Metal Prices*
Gold (Oz) 1,692
Silver (Oz) 17.16
Lead (MT) 1,653
Zinc (MT) 1,824
Copper (MT) 5,536

*Buenaventura consolidated figures


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*, El Brocal, La Zanja and Coimolache).

The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont Mining Corporation & Sumitomo Corporation), an important precious metal producer and 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc., Sumitomo Corporation & Sumitomo Metals).

For a printed version of the Company’s 201* 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.

Contacts

Contacts in Lima: Leandro García, Chief Financial Officer

        **\(511\) 419 2540**

Rodrigo Echecopar, Head of Investor Relations

        **\(511\) 419 2591 / rodrigo.echecopar@buenaventura.pe**

Contacts in NY:

        **Barbara Cano** 

        **\(646\) 452 2334** 

        **barbara@inspirgroup.com**

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COMPAÑÍA DE MINAS BUENAVENTURA S.A.A.

By: /s/ LEANDRO GARCÍA RAGGIO

Name: Leandro García Raggio

Title: Chief Financial Officer

Date: April 28, 2020