Buenaventura Announces Results of Annual Shareholders' Meeting

Buenaventura Announces Results of Annual Shareholders' Meeting

LIMA, Peru--(BUSINESS WIRE)-- Compañía de Minas Buenaventura S.A.A. ("Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly traded, precious metals mining company announced the results of the Company's Annual General Shareholders' Meeting held March 26, 2013. The following resolutions were passed:

      1.     Approval of the 2012 Annual Report
 
2. Approval of the Company's Financial Statements, based on International Financial Reporting Standards (IFRS), for the year ended December 31, 2012
 
3. The appointment of Medina, Zaldívar, Paredes & Asociados Sociedad Civil, Member of Ernst & Young Global, as external auditors for 2013
 
4. The declaration of a cash dividend of US$0.30 per share or ADS, to be paid in U.S. dollars on April 29, 2013, with April 15, 2013 as the Record Date
 
5. Approval of the merger of Compañía de Exploraciones, Desarrollo e Inversiones Mineras S.A.C. (a wholly owned subsidiary of the Company) with and into Compañía de Minas Buenaventura S.A.A, with Buenaventura the surviving entity of the merger.

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.

For a printed version of the Company's 2011 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company's web site.

(*) 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.



In Lima:
Compañia de Minas Buenaventura S.A.A.
Roque Benavides, 511-419-2538
or
Carlos Galvez, 511-419-2540
or
Investor Relations:
Daniel Dominguez, 511-419-2591
daniel.dominguez@buenaventura.pe
or
In New York:
i-advize Corporate Communications, Inc.
Peter Majeski, 212-406-3694
buenaventura@i-advize.com
or
Visit our website:
http://www.buenaventura.com

KEYWORDS:   South America  Peru

INDUSTRY KEYWORDS:

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