Operations Resume at Buenaventura's Uchucchacua Mine

Operations Resume at Buenaventura's Uchucchacua Mine

LIMA, Peru--(BUSINESS WIRE)-- Compañia de Minas Buenaventura S.A.A. ("the Company" or "Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM) announced today that Uchucchacua's contractor's union voluntarily concluded the strike that began April 16, 2013. Normal operations resumed at Uchucchacua this morning.

It is important to mention that this strike was declared illegal by the Peruvian Ministry of Labor.

Company Description

Compañía de Minas Buenaventura S.A.A. is Peru's largest, publicly traded precious metals Company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals via wholly owned mines, as well as through its participation in joint exploration projects.

Buenaventura currently operates several mines in Peru (Orcopampa*, Poracota*, Uchucchacua*, Breapampa*, Mallay*, Antapite*, Julcani*, Recuperada*, El Brocal, La Zanja, Coimolache and CEDIMIN*).

The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont Mining Corporation), an important precious metal producer; 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer, and 49% of Canteras del Hallazgo S.A, owner the Chucapaca project.

(*) 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 in Lima:
Compañia de Minas Buenaventura S.A.A.
Roque Benavides / Carlos Galvez
(511) 419-2538 / 419-2540
or
Investor Relations:
Daniel Dominguez
(511) 419-2591
daniel.dominguez@buenaventura.pe
or
Contact in New York:
i-advize Corporate Communications, Inc.
Maria Barona / Rafael Borja
212-406-3691 /3693
buenaventura@i-advize.com
or
http://www.buenaventura.com

KEYWORDS: United States North America South America Peru New York

INDUSTRY KEYWORDS:

The article Operations Resume at Buenaventura's Uchucchacua Mine originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.