{"id":780499,"date":"2023-08-28T19:18:20","date_gmt":"2023-08-28T23:18:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\/"},"modified":"2023-08-28T19:18:20","modified_gmt":"2023-08-28T23:18:20","slug":"buenaventura-announces-submission-of-updated-uchucchacua-mine-plan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\/","title":{"rendered":"Buenaventura Announces Submission of Updated Uchucchacua Mine Plan"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Buenaventura Announces Submission of Updated Uchucchacua Mine Plan<\/b><\/p>\n<p>LIMA, Peru&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Compa\u00f1ia de Minas Buenaventura S.A.A.<\/b> (\u201cBuenaventura\u201d or \u201cthe Company\u201d) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru\u2019s largest publicly-traded precious metals mining company, is pleased to announce that on August 28, 2023, the Company submitted the Updated Mine Plan to the Peruvian Ministry of Energy and Mines for its 100% owned Uchucchacua mine. This submission therefore completes the required process for the resumption of activities of the Uchucchacua mine, starting on September 1, 2023. The mining and ore processing activities had been temporarily suspended since October 15, 2021, as per the Company\u2019s related press release.<\/p>\n<p>\nBuenaventura will initiate relevant maintenance work and expects the processing plant commissioning to begin on September 1, ensuring processing plant operational readiness to receive ore from Uchucchacua and Yumpag. Buenaventura will begin treatment of ore at the Uchucchacua processing plant in the second half of September and is targeting stable ongoing 2,600 ton per day production, which will then be maintained.<\/p>\n<p>\nThe resumption of activities at the Uchucchacua processing plant also enables Buenaventura to perform metallurgical tests of up to 124,600 tons of ore from the Yumpag project\u2019s pilot stope. The Uchucchacua mine and the Yumpag project\u2019s combined production is expected to yield between 2.3 million and 2.8 million ounces of silver for the full year 2023. 2023 guidance remains unchanged.<\/p>\n<p>\nBuenaventura expects to receive the Yumpag project operation\u2019s Environmental Impact Assessment (EIAd) by the end of the third quarter 2023. Once approved, the Company will submit a request to the Peruvian Ministry of Energy and Mines for authorization to initiate mining activities at its Yumpag project. Yumpag has achieved remarkable exploration results to date, and Buenaventura looks forward to announcing its reserve and resource findings at the Company\u2019s Investor Day in early December.<\/p>\n<p><b>Company Description<br \/>\n<br \/><\/b>Compa\u00f1\u00eda de Minas Buenaventura S.A.A. is Peru\u2019s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).<\/p>\n<p>\nThe Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).<\/p>\n<p>\nFor a printed version of the Company\u2019s 2022 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company\u2019s web site.<br \/>\n<br \/>(*) Operations wholly owned by Buenaventura<\/p>\n<p><b>Note on Forward-Looking Statements<br \/>\n<br \/><\/b>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 Cerro Verde\u2019s 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\u2019 plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company\u2019s view with respect to Cerro Verde\u2019s 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230828797767r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230828797767\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230828797767\/en\/<\/a><\/span><\/p>\n<p>\nContacts in Lima:<br \/>\n<br \/>Daniel Dominguez, Chief Financial Officer<br \/>\n<br \/>(511) 419 2540<\/p>\n<p>\nGabriel Salas, Head of Investor Relations<br \/>\n<br \/>(511) 419 2591 \/ <a rel=\"nofollow\" href=\"mailto:Gabriel.salas@buenaventura.pe\">Gabriel.salas@buenaventura.pe<\/a><\/p>\n<p>\nCompany Website: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.buenaventura.com.pe%2Fir&amp;esheet=53545892&amp;newsitemid=20230828797767&amp;lan=en-US&amp;anchor=www.buenaventura.com.pe%2Fir&amp;index=1&amp;md5=7896bc258d12a3bf51163d3599f808ff\">www.buenaventura.com.pe\/ir<\/a><\/p>\n<p>\nContacts in NY:<br \/>\n<br \/>Barbara Cano<br \/>\n<br \/>(646) 452 2334<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:barbara@inspirgroup.com\">barbara@inspirgroup.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> South America Peru<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Mining\/Minerals Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230828797767\/en\/780368\/3\/Company_Logo_a.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Buenaventura Announces Submission of Updated Uchucchacua Mine Plan LIMA, Peru&#8211;(BUSINESS WIRE)&#8211;Compa\u00f1ia de Minas Buenaventura S.A.A. (\u201cBuenaventura\u201d or \u201cthe Company\u201d) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru\u2019s largest publicly-traded precious metals mining company, is pleased to announce that on August 28, 2023, the Company submitted the Updated Mine Plan to the Peruvian Ministry of Energy and Mines for its 100% owned Uchucchacua mine. This submission therefore completes the required process for the resumption of activities of the Uchucchacua mine, starting on September 1, 2023. The mining and ore processing activities had been temporarily suspended since October 15, 2021, as per the Company\u2019s related press release. Buenaventura will initiate relevant maintenance work and expects the processing plant commissioning to begin on September &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Buenaventura Announces Submission of Updated Uchucchacua Mine Plan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-780499","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buenaventura Announces Submission of Updated Uchucchacua Mine Plan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buenaventura Announces Submission of Updated Uchucchacua Mine Plan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Buenaventura Announces Submission of Updated Uchucchacua Mine Plan LIMA, Peru&#8211;(BUSINESS WIRE)&#8211;Compa\u00f1ia de Minas Buenaventura S.A.A. (\u201cBuenaventura\u201d or \u201cthe Company\u201d) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru\u2019s largest publicly-traded precious metals mining company, is pleased to announce that on August 28, 2023, the Company submitted the Updated Mine Plan to the Peruvian Ministry of Energy and Mines for its 100% owned Uchucchacua mine. This submission therefore completes the required process for the resumption of activities of the Uchucchacua mine, starting on September 1, 2023. The mining and ore processing activities had been temporarily suspended since October 15, 2021, as per the Company\u2019s related press release. Buenaventura will initiate relevant maintenance work and expects the processing plant commissioning to begin on September &hellip; Continue reading &quot;Buenaventura Announces Submission of Updated Uchucchacua Mine Plan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T23:18:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230828797767r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Buenaventura Announces Submission of Updated Uchucchacua Mine Plan\",\"datePublished\":\"2023-08-28T23:18:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/\"},\"wordCount\":620,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230828797767r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/buenaventura-announces-submission-of-updated-uchucchacua-mine-plan\\\/\",\"name\":\"Buenaventura Announces Submission of Updated Uchucchacua Mine Plan - 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(\u201cBuenaventura\u201d or \u201cthe Company\u201d) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru\u2019s largest publicly-traded precious metals mining company, is pleased to announce that on August 28, 2023, the Company submitted the Updated Mine Plan to the Peruvian Ministry of Energy and Mines for its 100% owned Uchucchacua mine. This submission therefore completes the required process for the resumption of activities of the Uchucchacua mine, starting on September 1, 2023. The mining and ore processing activities had been temporarily suspended since October 15, 2021, as per the Company\u2019s related press release. 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