Buenaventura Mining Files 6-K Report

TL;DR

Buenaventura filed a 6-K on Jan 2, 2025, reporting material info as of Dec 31, 2024.

AI Summary

Compañía de Minas Buenaventura S.A.A. (Buenaventura) filed a Form 6-K on January 2, 2025, reporting material information as of December 31, 2024. The filing is a report of a foreign issuer for the month of January 2025, submitted to the Superintendencia del Mercado de Valores.

Why It Matters

This filing indicates that Buenaventura is providing updated material information to regulators, which could impact investor understanding of the company's current status.

Risk Assessment

Risk Level: low — This is a routine regulatory filing for a foreign issuer and does not contain specific financial results or significant operational updates.

Key Players & Entities

• Compañía de Minas Buenaventura S.A.A. (company) — Registrant
• Buenaventura Mining Company Inc. (company) — English translation of registrant's name
• Superintendencia del Mercado de Valores (company) — Recipient of notice
• January 2, 2025 (date) — Filing date
• December 31, 2024 (date) — Reporting period end date

FAQ

Filing Documents

• tm251683d1_6k.htm (6-K) — 21KB
• tm251683d1_6kimg01.jpg (GRAPHIC) — 4KB
• 0001104659-25-000363.txt ( ) — 27KB

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 January, 2025 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) AV. BEGONIAS NO. 415, 19TH FLOOR, SAN ISIDRO, LIMA, 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 Free translation into English December 31, 2024 Messrs. Superintendencia del Mercado de Valores Ref.: Notice of Material Information Dear Sirs: Through this notice and in accordance with Article 16.1 of the Regulation on Material and Reserved Information , SMV Resolution No. 005-2014-SMV-01, we inform you that: On December 30, 2024, we were notified by the Private Investment Promotion Agency (“ Agencia de Promoción de la Inversión privada ” or “PROINVERSIÓN”) about the granting to Buenaventura of the Private Initiative for Projects in Assets called “Social management, design, and execution of hydraulic infrastructure projects, construction, implementation, and operation of the mining concessions that are part of the TG-3 deposit of the El Algarrobo project” (hereinafter, the “El Algarrobo Project”), located in the Tambogrande district, Piura province and department. The objective of the Project is as follows: · The design and execution of hydraulic infrastructure projects that contribute to water supply, applying a management model focused on the integral and sustainable development of the population of the Comunidad Campesina Apóstol Juan Bautista de Locuto , following the signing of a “Social Framework Agreement” between Buenaventura and the aforementioned community. · The exploration, exploitation through an underground mine, and processing of a mineralized deposit (TG-3) of copper, zinc, and silver, located in the mining concessions Tambo Grande No. 4, Tambo Grande No. 5, Tambo Grande No. 9, and Tambo Grande No. 10, which comprise the El Algarrobo Project. On the other hand, the contractual framework of the Project includes the following stages: · Suspensive Period of the Option's Validity : This period has a maximum duration of three (3) years from the signing of the Mining Concession Transfer Option Agreement to the signing of the Social Agreement between Buenaventura and the Comunidad Campesina Apóstol Juan Bautista de Locuto . Furthermore, the consideration for the Mining Concession Transfer Option Agreement amounts to US$ 10,000,000.00, which Buenaventura must pay to Activos Mineros S.A.C., according to the agreed-upon schedule. The first payment of US$ 1,000,000.00 will be made upon the signing of the aforementioned Option Agreement. · Option Validity Period : This period has a maximum duration of five (5) years, starting from the end of the suspensive period, during which Buenaventura may exercise the option. Additionally, it is foreseen that during this period, Buenaventura will have the status of mining assignee for the development of mining exploration activities, which will allow it to obtain information to decide on the exercise of the option. · Mining Concession Transfer Agreement : Under this agreement, laws and regulations. It is under the condition of being the titleholder of the Mining Concessions that Buenaventura will carry out the mining exploitation. The consideration for the Mining Concession Transfer Agreement amounts to 1% of the Net Smelter Return (NSR), which corresponds to the value of the annual net revenues generated from the sale of all mineral resources extracted from the Mining Concessions and marketed in any form. The TG-3 Deposit is a mining deposit of copper, silver, and zinc, on which the corresponding studies will be carried out to confirm its viability as a profitable project for Buenaventura. Finally, Buenaventura reaffirms its commitment to sustainability, particularly to the progress of the Locuto community, the Tambogrande district, and Peru. In this regard, we will work in a coordinated manner to build a social agreement with the authorities and the local population, ensuring both access to water to boost agriculture and the development of local families, as well as a responsible and world-class mining project that benefits everyone. Sincerely, DANIEL DOMINGUEZ VERA M

View Full Filing

View this 6-K filing on SEC EDGAR