<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>v076832_6-k.txt
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                                    FORM 6-K


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            Report of Foreign Issuer

                    Pursuant to Rule 13a-16 or 15d-16 of the

                         Securities Exchange Act of 1934

                                  May 25, 2007

                        BUENAVENTURA MINING COMPANY INC.
--------------------------------------------------------------------------------
                 (Translation of Registrant's Name into English)


                               CARLOS VILLARAN 790

                          SANTA CATALINA, LIMA 13, PERU
--------------------------------------------------------------------------------
                    (Address of Principal Executive Offices)


Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F.

                            Form 20-F |X| Form 40-F |_|


  Indicate by check mark whether the registrant by furnishing the information
      contained in this Form is also thereby furnishing the information to the
      Commission pursuant to Rule 12g3-2(b) under the
                        Securities Exchange Act of 1934.

                                  Yes |_| No |X|


  If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule
                         12g3-2(b): 82-________________.

<PAGE>

          Buenaventura Completes 2007, 2008 and 2009 De-hedging Program

LIMA,  Peru,  May 24  /PRNewswire-FirstCall/  -- Compania de Minas  Buenaventura
S.A.A.  ("the  Company" or  "Buenaventura")  (NYSE:  BVN) (Lima Stock  Exchange:
BUE.LM), Peru's largest publicly-traded precious metals mining company completed
today an  additional  partial  reduction  of its gold hedge book by  unwinding a
total of 248,000 ounces for all of its 2009 gold commitments.  Total payment for
this transaction was US$87 million,  which will be partially  financed via local
debt.

This is the second  transaction  to reduce the Company's  hedge book executed in
May 2007. On May 15, 2007, the Company  eliminated all of its 2007 and 2008 gold
commitments (240,000 ounces).

The total  reduction in gold  commitments for both  transactions  totals 488,000
ounces,  which represents 35% of the total Hedge Book.  Current gold commitments
are now 922,000 ounces to be distributed between 2010 and 2012.

The new hedge book is shown in the following Appendix.

    Appendix.

                             Total Gold Commitments
                                Physical Delivery
                                as of 05/24/2007

                   2007    2008    2009    2010     2011     2012     Total

    285   Ounces                          273,000  300,000  349,000  922,000

          $/oz                             289.76   285.00   357.91   314.01

    350   Ounces                          273,000  300,000  349,000  922,000

          $/oz                             348.35   347.75   363.58   353.92

    451   Ounces                          273,000  300,000  349,000  922,000

          $/oz                             390.25   403.40   369.16   386.55


Company Description

Compania  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  three mines in Peru and also has  controlling
interests  in four mining  companies  as well as a minority  interest in several
other  mining  companies in Peru.  The Company  owns 43.65% in Minera  Yanacocha
S.R.L. (a partnership with Newmont Mining  Corporation),  an important  precious
metal producer, and 18.50% in Sociedad Minera Cerro Verde, an important Peruvian
copper producer.

Cautionary Statement
This news release contains  "forward-looking  statements"  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities Exchange Act of 1934, as amended,  that are intended to be covered by
the safe  harbor  created  by such  sections.  Such  forward-looking  statements
include,  without limitation,  statements  regarding future mining or permitting
activities.  Where Buenaventura expresses or implies an expectation or belief as
to future  events or results,  such  expectation  or belief is expressed in good
faith  and  believed  to  have  a  reasonable  basis.  However,  forward-looking
statements are subject to risks,  uncertainties  and other factors,  which could
cause  actual  results  to differ  materially  from  future  results  expressed,
projected  or implied by such  forward-looking  statements.  Such risks  include
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 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,  economical,  legal and social developments.  For a more
detailed  discussion of such risks and other  factors,  see the  company's  2005
Annual Report on Form 20-F,  which is on file with the  Securities  and Exchange
Commission,  as well as the company's other SEC filings.  Buenaventura  does not
undertake any obligation to release publicly  revisions to any  "forward-looking
statement,"  to  reflect  events  or  circumstances  after the date of this news
release, or to reflect the occurrence of unanticipated  events, except as may be
required under applicable securities laws.

    Contacts in Lima:
    Roque Benavides / Carlos Galvez
    Compania de Minas Buenaventura S.A.A.
    Tel: (511) 419-2538 / 419-2540
    Investor Relations: Daniel Dominguez
    Tel: (511) 419-2536
    Email: ddominguez@buenaventura.com.pe

    Contacts in New York:
    Maria Barona / Peter Majeski
    i-advize Corporate Communications, Inc.
    Tel: (212) 406-3690
    Email: buenaventura@i-advize.com

SOURCE Compania de Minas  Buenaventura S. A. A. -0- 05/24/2007  /CONTACT:  Lima:
Roque  Benavides,   511-419-2538,  or  Carlos  Galvez,  511-419-2540,   Investor
Relations - Daniel Dominguez, 511-419-2536, ddominguez@buenaventura.com.pe,  all
of Compania de Minas  Buenaventura  S.A.A.;  New York:  Maria  Barona,  or Peter
Majeski, both of i-advize Corporate  Communications,  Inc. for Compania de Minas
Buenaventura  S.A.A.,  +1-212-406-3690,  buenaventura@i-advize.com/
/First Call Analyst: /
/FCMN Contact: pmajeski@i-advize.com /
/Web site: http://www.buenaventura.com.pe /

<PAGE>

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

Compania de Minas Buenaventura S.A.A.



/s/ CARLOS E. GALVEZ PINILLOS

Carlos E. Galvez Pinillos

Chief Financial Officer



Date: May 25, 2007

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