Gold and Silver Updates


LIMA, Peru–()–Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Firm”) (NYSE: BVN; Lima Inventory Change: BUE.LM), Peru’s largest publicly-traded valuable metals mining firm, right now introduced that Mr. Raul Benavides has been appointed to its board of administrators, efficient instantly. Mr. Benavides replaces Dr. José Miguel Morales Dasso, who has retired from Buenaventura’s board having reached the Firm’s most retirement age for board members based mostly on inside finest practices.

Mr. Roque Benavides, Buenaventura’s Chairman commented, “We’re happy to welcome Raul to the Buenaventura board of administrators. His addition enhances our board’s appreciable expertise, and we stay up for the continued good thing about his in depth expertise at our Firm and useful perspective as we execute our technique, drive profitability and improve worth for all Buenaventura shareholders.”

“Buenaventura has been very lucky to have José Miguel serve our Firm for the final 50 years. He has been a extremely efficient director, having made appreciable contributions not solely as a board member but additionally as our Normal Counsel. We’ll miss his sturdy management and sensible steerage however wish to lengthen our gratitude and finest needs to him in his retirement,” mentioned Mr. Benavides, Buenaventura’s chairman.

Raul Benavides joins Buenaventura’s board of administrators with a tenure of 40 years on the Firm. In his newest function he served as Vice President of Enterprise Improvement, since 2011.

Mr. Benavides holds a bachelor’s diploma in Mining Engineering from the College of Missouri—Rolla, a masters of Mining Administration from Pennsylvania State College, and he accomplished the Superior Administration Program at Harvard Enterprise Faculty (AMP-160). He has served as President of the Institute of Mining Engineers of Peru (IIMP) and is the Founding father of Peru’s Mine Security Institute (ISEM). He’s additionally Founder and Chairman of Peru’s Centro Tecnológico Minero (CETEMIN) vocational college of mining.

Firm Description

Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded valuable and base metals Firm and a serious holder of mining rights in Peru. The Firm is engaged within the exploration, mining improvement, processing and commerce of gold, silver and different base metals by way of wholly-owned mines and thru its participation in three way partnership tasks. Buenaventura at present operates a number of mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, El Brocal, La Zanja and Coimolache). The Firm owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont Mining Company), an essential valuable metallic producer and 19.58% of Sociedad Minera Cerro Verde, an essential Peruvian copper producer. For a printed model of the Firm’s 2019 Kind 20-F, please contact the individuals indicated above, or obtain a PDF format file from the Firm’s site. (*) Operations wholly owned by Buenaventura.


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