Buenaventura Reports Q3 2024 Production & Sales

Ticker: BVN · Form: 6-K · Filed: Oct 16, 2024 · CIK: 1013131

Buenaventura Mining CO INC 6-K Filing Summary
FieldDetail
CompanyBuenaventura Mining CO INC (BVN)
Form Type6-K
Filed DateOct 16, 2024
Risk Levellow
Pages5
Reading Time6 min
Sentimentneutral

Sentiment: neutral

Topics: production-update, sales-volume, mining

TL;DR

Buenaventura dropped Q3 production numbers, showing sales volumes for gold, silver, lead, and zinc.

AI Summary

Compañía de Minas Buenaventura S.A.A. (Buenaventura) announced its third quarter 2024 production and sales results on October 16, 2024. The report details the volume sold for various metals, including gold, silver, lead, and zinc, across its different mining units.

Why It Matters

This report provides investors with key operational metrics for the third quarter, influencing expectations for the company's financial performance and future outlook.

Risk Assessment

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

Key Players & Entities

FAQ

What specific metals' production and volume sold are detailed in the report?

The report details the volume sold for gold, silver, lead, and zinc.

Which mining units contributed to the reported sales volumes?

The report specifies sales volumes from Buenaventura's different mining units.

What is the official name of the company filing this report?

The official name of the company is Compañía de Minas Buenaventura S.A.A.

When was this report filed with the SEC?

This report was filed on October 16, 2024.

Is Buenaventura required to file annual reports under Form 20-F or 40-F?

Yes, Buenaventura indicates it files annual reports under cover of Form 20-F.

Filing Stats: 1,425 words · 6 min read · ~5 pages · Grade level 8.7 · Accepted 2024-10-16 17:26:33

Filing Documents

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 October 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 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): Yes ¨ No x 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 x Buenaventura Announces Third Quarter 2024 Results for Production and Volume Sold per Metal Lima, Peru, October 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 3Q24 results for production and volume sold. Production per Metal Three Months Ended September 30, 2024 Nine Months Ended September 30, 2024 2024 Updated Guidance (1) Gold ounces produced El Brocal 6,673 17,329 19.0k - 22.0k Orcopampa 17,831 54,426 70.0k - 75.0k Tambomayo 8,015 26,072 28.0k - 32.0k Julcani 1,428 2,839 3.5k - 4.0k La Zanja 4,963 8,655 10.0k - 12.0k Total Direct Operations (2) 38,909 109,321 130.5k - 145.0k Coimolache 8,368 38,554 41.0k - 46.0k Total incl. Associated (3) 39,690 118,095 139.6k - 155.0k Silver ounces produced El Brocal 516,480 1,701,940 1.8M - 2.0M Uchucchacua 608,412 1,524,944 2.2M - 2.5M Yumpag (4) 2,591,227 6,017,839 7.5M - 8.0M Orcopampa 6,891 22,857 - Tambomayo 434,054 1,143,490 1.7M - 1.9M Julcani 261,492 1,090,232 1.5M - 1.7M La Zanja 8,901 14,904 - Total Direct Operations (2) 4,427,457 11,516,207 14.7M - 16.1M Coimolache 38,705 178,341 0.1M - 0.2M Total incl. Associated (3) 4,243,769 10,931,273 14.0M - 15.4M Lead metric tons produced Uchucchacua 3,865 10,812 13.0k - 15.0k Tambomayo 979 3,093 3.5k - 4.0k Julcani 108 619 0.9k - 1.0k Total Direct Operations (2) 4,953 14,523 17.4k - 20.0k Zinc metric tons produced El Brocal 0 1,985 1.9k - 2.0k Uchucchacua 6,153 16,521 19.0k - 22.0k Tambomayo 1,222 4,034 5.4k - 5.8k Total Direct Operations (2) 7,374 22,540 26.3k - 29.8k Copper metric tons produced El Brocal 16,769 42,334 55.0k - 60.0k Total Direct Operations (2) 16,769 42,334 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 October 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 September 30, 2024 Nine Months Ended September 30, 2024 Gold ounces sold El Brocal 3,912 10,676 Orcopampa 18,027 54,223 Tambomayo 7,438 24,199 Julcani 1,293 2,527 La Zanja 4,676 8,525 Total Direct Operations (1) 35,345 100,151 Coimolache 8,450 38,526 Total incl. Associated (2) 37,225 111,480 Silver ounces sold El Brocal 413,407 1,403,306 Uchucchacua 555,012 1,345,729 Yumpag (3) 2,229,149 5,785,760 Orcopampa 10,031 22,174 Tambomayo 402,631 1,035,689 Julcani 248,442 1,052,051 La Zanja 16,450 32,140 Total Direct Operations (1) 3,875,123 10,676,849 Coimolache 38,748 177,393 Total incl. Associated (2) 3,731,208 10,206,718 Lead metric tons sold El Brocal 0 72 Uchucchacua 3,489 9,752 Yumpag (3) 21 55 Tambomayo 849 2,692 Julcani 96 557 Total Direct Operations (1) 4,455 13,129 Zinc metric tons sold El Brocal 0 1,592 Uchucchacua 5,026 13,593 Tambomayo 969 3,231 Total Direct Operations (1) 5,995 18,417 Copper metric tons sold El Brocal 15,571 39,709 Tambomayo 32 95 Julcani 20 79 Total Direct Operations (1) 15,622 39,883 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 Yumpag EIA-sd. 2 Average realized prices (1)(2) Three M

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