Buenaventura Reports Q1 2024 Production & Sales

TL;DR

Buenaventura dropped Q1 production/sales numbers. Gold, silver, lead, zinc volumes detailed.

AI Summary

Compañía de Minas Buenaventura S.A.A. announced its first quarter 2024 production and sales results on April 16, 2024. The report details the volume of gold, silver, lead, and zinc sold during the period, providing key operational metrics for investors.

Why It Matters

This filing provides investors with crucial operational data for the first quarter, impacting expectations for the company's financial performance and future production guidance.

Risk Assessment

Risk Level: low — The filing is a routine operational update and does not contain significant new financial risks or strategic changes.

Key Players & Entities

• Compañía de Minas Buenaventura S.A.A. (company) — Filer and subject of the report
• Buenaventura (company) — Abbreviated name for the company
• April 16, 2024 (date) — Date of announcement
• First Quarter 2024 (period) — Reporting period for production and sales

FAQ

Filing Documents

• tm2411983d1_6k.htm (6-K) — 78KB
• tm2411983d1_6kimg001.jpg (GRAPHIC) — 8KB
• 0001104659-24-047935.txt ( ) — 90KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April 2024 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) CARLOS VILLARAN 790 SANTA CATALINA, LIMA 13, PERU (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F 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): Yes No 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): Yes No Buenaventura Announces First Quarter 2024 Results for Production and Volume Sold per Metal Lima, Peru, April 16, 2024 – Compañía 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 1Q24 results for production and volume sold. Production per Metal Three Months Ended March 31, 2024 2024 Guidance (1) Gold ounces produced El Brocal 6,675 17.0k - 20.0k Orcopampa 19,026 70.0k - 75.0k Tambomayo 9,124 28.0k - 32.0k Julcani 281 2.8k - 3.2k La Zanja 1,390 5.0k - 7.0k Total Direct Operations (2) 36,495 122.8k - 137.2k Coimolache 22,795 38.0k - 43.0k Total incl. Associated (3) 43,060 131.5k - 146.7k Silver ounces produced El Brocal 873,021 1.4M - 1.7M Uchucchacua 507,052 2.2M - 2.5M Yumpag (4) 964,996 6.5M - 7.2M Orcopampa 7,988 - Tambomayo 329,066 1.7M - 1.9M Julcani 386,340 1.7M - 1.9M La Zanja 2,311 - Total Direct Operations (2) 3,070,773 13.5M - 15.2M Coimolache 103,958 0.1M - 0.2M Total incl. Associated (3) 2,775,730 13.0M - 14.6M Lead metric tons produced Uchucchacua 3,910 13.0k - 15.0k Tambomayo 1,028 2.4k - 2.7k Julcani 249 0.9k - 1.0k Total Direct Operations (2) 5,187 16.3k - 18.7k Zinc metric tons produced El Brocal 1,985 3.1k - 3.5k Uchucchacua 5,494 17.0k - 19.0k Tambomayo 1,335 4.0k - 4.4k Total Direct Operations (2) 8,814 24.1k - 26.9k Copper metric tons produced El Brocal 15,441 55.0k - 60.0k Total Direct Operations (2) 15,441 55.0k - 60.0k 1. 2024 projections are considered to be forward-looking statements and represent management’s good faith estimates or expectations of future production results as of April 2024. 2. Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal. 3. Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache. 4. Considers ore from the pilot stope approved within Yumpag EIA-sd 1 Volume Sold per Metal Three Months Ended March 31, 2024 Gold ounces sold El Brocal 4,572 Orcopampa 18,831 Tambomayo 8,444 Julcani 325 La Zanja 1,413 Total Direct Operations (1) 33,585 Coimolache 21,701 Total incl. Associated (2) 40,523 Silver ounces sold El Brocal 740,867 Uchucchacua 436,313 Yumpag (3) 1,104,128 Orcopampa 7,912 Tambomayo 289,380 Julcani 383,373 La Zanja 6,052 Total Direct Operations (1) 2,968,025 Coimolache 97,891 Total incl. Associated (2) 2,721,521 Lead metric tons sold El Brocal 72 Uchucchacua 3,489 Tambomayo 916 Julcani 230 Total Direct Operations (1) 4,707 Zinc metric tons sold El Brocal 1,592 Uchucchacua 4,535 Tambomayo 1,067 Total Direct Operations (1) 7,194 Copper metric tons sold El Brocal 14,566 Julcani 22 Total Direct Operations (1) 14,588 1. Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal. 2. Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache. 3. Considers ore from the pilot stope approved within the Yumpag EIA-sd 2 Average realized prices (1)(2) Three Months Ended March 31, 2024 Gold (US$/Oz) 2,111 Silver (US$/Oz) 23.44 Lead (US$/MT) 2,012 Zinc (US$/MT) 2,336 Copper (US$/MT) 8,258 1. Considers Buenaventura consolidated figures. 2. Realized prices include both provisional sales and final adjustments for price changes. Commentary on Operations Tambomayo: · Gold, lead and zinc production exceeded 1Q24 projections due to a change in mining sequence, prioritizing higher-margin prepared areas with higher gold, lead and zinc grades, partially offset by lower silver production. Orcopampa: · 1Q24 gold product

View Full Filing

View this 6-K filing on SEC EDGAR