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Buenaventura announced Q1 2019 production and volume sold per metal results

Metal News - Published on Thu, 18 Apr 2019

Image Source: Business Wire
Compañia de Minas Buenaventura SAA, Peru’s largest publicly-traded precious metals mining company,announced preliminary 1Q19 production and volume sold.

1Q19 Production per Metal and 2019 Operating Guidance (100% basis)
1Q19 (Actual)FY 2019 (Estimated)
Gold (Oz.)
Orcopampa594975k - 90k
Tambomayo2403490k - 110k
La Zanja1361625k - 35k
Tantahuatay26273150k - 170k
Yanacocha144423510k*
El Brocal341725k - 30k
Lead (MT)
El Brocal503122.0k - 26.0k
Uchucchacua295922.0k - 26.0k
Tambomayo19464.0k - 5.0k
Julcani2410.9k - 1.0k
Copper (MT)
El Brocal885647K - 52K

Silver (Oz.)
Uchucchacua199643913.0M - 14.0M
El Brocal7643884.5M - 5.5M
Tambomayo5152422.5M - 3.0M
Julcani6587152.2M - 2.5M
Zinc (MT)
El Brocal1046757k - 65k
Uchucchacua390420k - 25k
Tambomayo25066k - 8k


 


1Q19 Production Comments
Gold Operations

Orcopampa:
1Q19 gold production was in line with budget.
The 2019 guidance announced at the beginning of the year has not changed.

Tambomayo:
1Q19 gold, silver, zinc and lead production was in line with budget.
The 2019 guidance announced at the beginning of the year has not changed.

La Zanja:
1Q19 gold production was in line with budget.
The 2019 guidance announced at the beginning of the year has not changed.

Tantahuatay:

1Q19 gold production was in line with budget.
The 2019 guidance announced at the beginning of the year has not changed.

Silver Operations

Uchucchacua:
1Q19 silver, lead and zinc production was below budget mainly due to the strike that lasted 21 days in January and the effect of the heavy rainy season during the first quarter.

Silver and zinc production guidance has been reduced, however the mining plan has been adjusted (focus on areas with higher margins) in order to maintain its profitability.

Julcani:
1Q19 silver and lead production was in line with budget.
The 2019 guidance announced at the beginning of the year has not changed.
Base Metals Operations

El Brocal:
1Q19 gold, silver, copper, lead and zinc production was below budget mainly due to the effect of the heavy rainy season during the first quarter. Production is expected to be recovered during the coming quarters.

The 2019 guidance announced at the beginning of the year has not changed.

1Q19 Volume sold per Metal (100% basis)
Gold (Oz.)1Q19 (Actual)
Orcopampa2367
Tambomayo16360
La Zanja12621
Tantahuatay26191
El Brocal2178
Silver (Oz.)
Uchucchacua1834669
El Brocal592139
Tambomayo399251
Julcani633567
Lead (MT)
El Brocal5159
Uchucchacua2456
Tambomayo1551
Julcani211
Zinc (MT)
El Brocal9387
Uchucchacua3402
Tambomayo1979
Copper (MT)
El Brocal8313
Realized Metal Prices
Gold (Oz)1301
Silver (Oz)15.45
Lead (MT)2055
Zinc (MT)2813
Copper (MT)6122

 

Source :

Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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