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Buenaventura Mining Co Inc 6-K, filed Oct 15, 2021

Buenaventura Mining Co Inc (BVN)

6-K 2021-10-15 For: 2021-10-15
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Added on July 04, 2026

About this 6-K

Buenaventura Mining Co Inc filed this 6-K on October 15, 2021.

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 October 2021

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 Results for Third Quarter 2021 Production and Volume Sold per Metal

LIMA, Peru--(BUSINESS WIRE)--October 15, 2021--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 3Q21 production and volume sold.

3Q21 Production per Metal and 2021 Guidance
(100% basis)
1Q21 (Actual) 2Q21 (Actual) 3Q21 (Actual) 9M21 (Actual) Updated 2021 Guidance ^(1) (2)^
Gold (Oz.)
Orcopampa 5,986 9,130 15,547 30,663 40k - 45k
Tambomayo 15,347 17,964 17,837 51,148 69k - 75k
La Zanja 3,908 4,447 5,967 14,322 18k - 21k
Coimolache 26,133 30,378 29,597 86,107 105k-110k
Yanacocha 62,125 66,563 65,220 193,908 315k ^(3)^
El Brocal 3,067 4,317 5,360 12,745 17k-19k
Silver (Oz.)
Uchucchacua 1,243,916 1,268,082 1,220,393 3,732,391 3.7 M
El Brocal 1,574,305 1,603,208 1,482,163 4,659,676 5.4M - 6.0M
Tambomayo 284,677 432,638 509,836 1,227,151 1.6M - 1.8M
Julcani 648,854 570,248 657,494 1,876,596 2.1M - 2.4M
Lead (MT)
El Brocal 2,140 2,812 2,754 7,707 10.0k - 12.0k
Uchucchacua 1,292 1,715 1,830 4,836 4.8K
Tambomayo 1,504 2,767 1,978 6,249 7.7k - 8.2k
Zinc (MT)
El Brocal 10,207 8,612 8,930 27,748 36.0k - 38.0k
Uchucchacua 1,246 3,029 1,928 6,203 6.2K
Tambomayo 1,821 3,671 3,397 8,888 10.5k - 12.0k
Copper (MT)
El Brocal 7,965 10,494 9,146 27,606 37.0k - 42.0k
  1. Above 2021 projections are considered forward-looking statements and represent management’s good faith estimates or expectations of future production results as of September 2021.

  2. Updated guidance could potentially be adversely impacted by further COVID-19 effects.

  3. As announced by Newmont on February 18, 2021.


Additional Comments
  • Tambomayo: 3Q21 gold production was in line with expectations. 2021 gold guidance remains unchanged.

              The Company has increased its full year 2021 silver, lead and zinc production guidance.
    
  • Orcopampa: 3Q21 successful ramp-up with gold production in line with expectations. 2021 guidance remains unchanged.

  • Coimolache: 3Q21 gold production in line with expectations. The Company has increased it’s 2021 gold production guidance for Coimolache.

  • La Zanja: 3Q21 gold production exceeded expectations. The Company has increased its 2021 gold production guidance for La Zanja.

  • Julcani: 3Q21 silver production was in line with expectations. 2021 guidance remains unchanged.

  • El Brocal: 3Q21 production was in line with expectations. The Company has decreased its 2021 Gold and Zinc guidance slightly due to decreased processing plant recovery.

  • Uchucchacua: 3Q21 silver, lead and zinc production below expectations with decreased production due to suspended operations resulting from an illegal road blockade by members of the local community which began on September 13, 2021.

              Decreased 2021 silver production will be partially offset for the remainder of the year by increased production by other mining units.
    

3Q21 Payable Volume Sold
3Q21 Volume sold per Metal (100% basis)
--- --- --- --- --- ---
1Q21 (Actual) 2Q21 (Actual) 3Q21 (Actual) 9M21 (Actual)
Gold (Oz.)
Orcopampa 5,698 9,618 15,646 30,962
Tambomayo 14,631 16,652 15,943 47,225
La Zanja 3,897 4,455 5,169 13,521
Coimolache 28,094 29,815 30,893 88,802
El Brocal 1,951 2,805 3,806 8,562
Silver (Oz.)
Uchucchacua 1,029,816 1,226,055 1,107,282 3,363,154
El Brocal 1,244,168 1,325,553 1,235,143 3,804,864
Tambomayo 257,290 380,029 445,525 1,082,844
Julcani 614,164 547,606 606,737 1,768,507
Lead (MT)
El Brocal 2,239 2,597 2,461 7,297
Uchucchacua 1,014 1,450 1,562 4,025
Tambomayo 1,440 2,575 1,813 5,827
Julcani 113 91 83 286
Zinc (MT)
El Brocal 8,491 7,117 7,367 22,975
Uchucchacua 914 2,309 1,444 4,667
Tambomayo 1,401 3,049 2,304 6,754
Copper (MT)
El Brocal 7,536 9,948 8,677 26,161
Realized Metal Prices*
1Q21 (Actual) 2Q21 (Actual) 3Q21 (Actual) 9M21 (Actual)
Gold (Oz) 1,726 1,815 1,764 1,771
Silver (Oz) 26.98 27.06 23.94 25.98
Lead (MT) 2,129 2,192 2,412 2,249
Zinc (MT) 3,220 3,010 3,048 3,088
Copper (MT) 8,994 10,033 9,488 9,553
*Buenaventura consolidated figures.

Appendix
1. 3Q21 Production per Metal
--- --- --- --- ---
1Q21 (Actual) 2Q21 (Actual) 3Q21 (Actual) 9M21 (Actual)
Gold (Oz.)
Julcani 13 48 85 146
Silver (Oz.)
Orcopampa 1,043 1,781 4,716 7,539
La Zanja 27,042 20,519 24,011 71,573
Coimolache 200,993 166,327 159,072 526,393
Yanacocha 187,057 33,338 -1,483 218,912
Lead (MT)
Julcani 146 123 114 383
2. 3Q21 Volume Sold per Metal
1Q21 (Actual) 2Q21 (Actual) 3Q21 (Actual) 9M21 (Actual)
Gold (Oz.)
Julcani 10 46 64 119
Silver (Oz.)
Orcopampa 1,878 1,518 4,709 8,105
La Zanja 28,964 24,710 26,683 80,356
Coimolache 215,648 178,729 169,499 563,876

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 2018 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:

          **Daniel Dominguez, Chief Financial Officer** 

          **(511) 419 2540**

Gabriel Salas, Head of Investor Relations

          **(511) 419 2591 / gabriel.salas@buenaventura.pe**

Company Website: www.buenaventura.com.pe/ir

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/ DANIEL DOMINGUEZ

Name: Daniel Dominguez

Title: Chief Financial Officer

Date: October 15, 2021