<SEC-DOCUMENT>0001157523-19-000069.txt : 20190114
<SEC-HEADER>0001157523-19-000069.hdr.sgml : 20190114
<ACCEPTANCE-DATETIME>20190114110542
ACCESSION NUMBER:		0001157523-19-000069
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190114
FILED AS OF DATE:		20190114
DATE AS OF CHANGE:		20190114

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUENAVENTURA MINING CO INC
		CENTRAL INDEX KEY:			0001013131
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14370
		FILM NUMBER:		19524235

	BUSINESS ADDRESS:	
		STREET 1:		AVE CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
		BUSINESS PHONE:		5114192536

	MAIL ADDRESS:	
		STREET 1:		AV. CARLOS VILLARAN 790
		CITY:			LIMA
		STATE:			R5
		ZIP:			13
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a51924547.htm
<DESCRIPTION>COMPANIA DE MINAS BUENAVENTURA S.A.A. 6-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2019 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman"><b>&#160;</b></font><b><font style="font-size: 14pt; font-family: Times New Roman">FORM
      6-K</font></b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>REPORT OF
      FOREIGN ISSUER</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO RULE 13a-16 OR 15b-16 OF</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>THE
      SECURITIES EXCHANGE ACT OF 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>For the
      month of</b></font><b> <font style="font-size: 10pt; font-family: Times New Roman">January
      2019</font></b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Commission
      File Number 001-14370</b></font>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="font-family: Times New Roman; font-size: 10pt; margin-bottom: 0px; margin-top: 0px">
            <b>COMPANIA DE MINAS BUENAVENTURA S.A.A.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Exact name of registrant as specified in its charter)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>BUENAVENTURA MINING COMPANY INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Translation of registrant&#8217;s name into English)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Republic of Peru</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Jurisdiction of incorporation or organization)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CARLOS VILLARAN 790</b><br><b>SANTA CATALINA, LIMA 13, PERU</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant files or will file annual reports
      under cover of Form 20-F or Form 40-F:</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Form 20-F
      ___X___ &#160;&#160;&#160;Form 40-F ______ </font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: justify">
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark if the registrant is submitting the Form 6-K in paper as
      permitted by Regulation S-T Rule 101(b)(1): [&#160;]</font>
    </p>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark if the registrant is submitting the Form 6-K in paper as
      permitted by Regulation S-T Rule 101(b)(7): </font>[&#160;]
    </p>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Yes ______
      &#160;&#160;No ___X___ </font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: justify">
      <font style="font-family: Times New Roman; font-size: 10pt">If &quot;Yes&quot; is
      marked, indicate below the file number assigned to the registrant in
      connection with Rule 12g3-2(b): Not applicable.</font>
    </p>
    <p style="text-align: justify">

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Buenaventura
      Announces Fourth Quarter 2018 Production, Volume Sold per Metal Results
      and 2019 Guidance</b></font>
    </p>
    <p>
      LIMA, Peru--(BUSINESS WIRE)--January 14, 2019--<b>Compa&#241;ia de Minas
      Buenaventura S.A.A.</b> (&#8220;Buenaventura&#8221; or &#8220;the Company&#8221;) (NYSE: BVN;
      Lima Stock Exchange: BUE.LM), Peru&#8217;s largest publicly-traded precious
      metals mining company, today announced preliminary 4Q18 production and
      volume sold. The Company also announced full year 2019 operating
      guidance (100% basis), 2019 EBITDA guidance from direct operations, 2019
      De-Bottlenecking Program guidance and 2019 CAPEX guidance.
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="9" valign="top">
          <b>4Q18 Production per Metal and 2019 Operating Guidance (100% basis)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>4Q18 </b><br><b>(Actual)</b>
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>12M18 </b><br><b>(Actual)</b>
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2018 </b><br><b>(Last Guidance)</b>
          </p>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2019 </b><br><b>(Estimated)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Gold (Oz.)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Orcopampa</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          13,372
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          115,887
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          120k - 140k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          75k - 90k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          31,026
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          129,172
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          125k - 135k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          90k - 110k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>La Zanja</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          20,101
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          71,630
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          70k - 80k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          25k - 35k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tantahuatay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          49,708
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          173,192
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          160k - 180k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          150k - 170k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Yanacocha</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          141,465
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          514,563
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          470k - 545k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          510k*
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,111
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          21,429
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          20k - 25k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          25k - 30k
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Silver (Oz.)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,256,870
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          15,420,102
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          15.0M - 17.0M
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          14.5M - 15.5M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Julcani</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          666,259
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,482,907
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2.3M - 2.5M
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2.2M - 2.5M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          97,670
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          514,081
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          0.4M - 0.5M
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          0
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          873,249
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,929,808
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3.5M - 4.5M
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2.5M - 3.0M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          934,642
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,901,869
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4.6M - 5.0M
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4.5M - 5.5M
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Lead (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Julcani</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          264
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,048
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          1.0k - 2.0k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          0.9k - 1.0k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,961
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          19,122
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          18.0k - 20.0k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          22.0k - 26.0k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          401
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,768
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          0.5k - 2.5k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          0
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,522
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,220
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          3.0k - 4.5k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          4.0k - 5.0k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          5,361
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          20,582
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          20.0k - 30.0k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          22.0k - 26.0k
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Zinc (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          9,702
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          45,593
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          45k - 55k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          57k - 65k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          5,867
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          21,840
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          20.0k - 22.0k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          27k - 32k
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,107
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,151
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          3.0k - 3.6k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          0
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,080
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          8,685
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          7.5k - 8.5k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          6k - 8k
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Copper (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          12,093
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          46,231
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          45k - 55k
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          47k - 52k
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      *As announced by Newmont.
    </p>
    <p>
      <b>2018 Production Comments</b>
    </p>
    <p>
      <u><b>Gold Operations</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Orcopampa:</b><br><br>As was previously announced on December 12,
        Orcopampa&#8217;s 2018 production was below the Company&#8217;s most recently
        released production guidance due to management&#8217;s strategic decision to
        temporarily cease production in order to focus on centralizing the
        operation, prioritizing the De-Bottlenecking Program over ore
        extraction.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Tambomayo:</b><br><br>2018 gold, silver and lead production was in
        line with the most recent guidance released. 2018 zinc production was
        slightly above the guidance provided.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>La Zanja:</b><br><br>2018 gold production was in line with the most
        recent guidance released.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Tantahuatay:</b><br><br>2018 gold production was in line with the
        most recent guidance released.
      </li>
    </ul>
    <p>
      <u><b>Silver Operations</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Uchucchacua:</b><br><br>2018 silver, lead and zinc production was
        in line with the most recent guidance released.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Julcani:</b><br><br>2018 silver and lead production was in line
        with the most recent guidance released.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Mallay:</b><br><br>2018 silver and zinc production was slightly
        above the most recent guidance released. 2018 lead production was in
        line with the most recent guidance released.
      </li>
    </ul>
    <p>
      <u><b>Base Metals Operations</b></u>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>El Brocal:</b><br><br>2018 gold, copper, lead and zinc production
        was in line with the most recent guidance released.<br><br>Silver
        production was below the Company&#8217;s most recently released guidance ,
        mainly due to changes in the mining sequence which resulted in lower
        silver grades. Silver grades are expected to improve in 1Q19.
      </li>
    </ul>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>2018 Volume Sold</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td colspan="5">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" colspan="5" valign="top">
          <b>4Q18 Volume sold per Metal (100% basis)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>4Q18 (Actual)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>12M18 (Actual)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Gold (Oz.)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Orcopampa</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          13,405
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          116,719
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          25,691
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          119,211
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>La Zanja</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          20,234
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          74,370
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tantahuatay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          51,355
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          171,770
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,482
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          14,297
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Silver (Oz.)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,949,234
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          14,443,456
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Julcani</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          635,338
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,368,497
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          97,106
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          458,671
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          662,978
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,570,382
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          773,051
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,058,987
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Lead (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Julcani</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          237
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          915
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,553
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          17,071
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          387
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,633
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          709
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,268
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          5,248
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          18,713
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Zinc (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          8,020
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          37,470
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Uchucchacua</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          4,328
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          16,811
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Mallay</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          931
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          3,369
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Tambomayo</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,769
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          7,143
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Copper (MT)</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>El Brocal</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          11,523
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          43,710
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <b>Realized Metal Prices</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>4Q18</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          <b>12M18</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Gold</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,223
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,268
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Silver</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          13.51
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          15.09
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Lead</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          1,792
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,141
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Zinc</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,338
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          2,686
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Copper</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          5,801
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          6,277
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>2019 Guidance</b>
    </p>
    <p>
      <b>1.</b> <b>EBITDA Direct Operations</b>
    </p>
    <p>
      The company expects an EBITDA of $310-380 million during 2019.
    </p>
    <p>
      Regarding Buenaventura&#8217;s guidance for 2019, the Company expects 2019E
      EBITDA to be in line with that which was announced for 2018, despite an
      anticipated decrease in production which is expected to be offset by
      decreased Opex resulting from the continued success of Buenaventura&#8217;s
      De-Bottlenecking Program.
    </p>
    <p>
      <b>*2019 prices: </b>Au: 1,250 US$/Oz; Ag: $16.00 US$/Oz; Cu: 6,000
      US$/MT; Zn: 2,500 US$/MT &amp; Pb: 2,100 US$/MT
    </p>
    <p>
      <b>2. 2019 De-Bottlenecking Program<sup>*</sup></b>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Name</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Stage</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>Annual EBITDA</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>TAMBOMAYO</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Mine Design Optimization
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Increase of efficiency of the ratio of mining preparations per tone
          + Haulage Fleet reduction
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $4.0 -5.0M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          2
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Improvement of the Metallurgical Process
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Change in the process: Cyanidation &#8594; Flotation to Flotation &#8594;
          Cyanidation of concentrate
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $11.0 &#8211; 12.0M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          3
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Cost Optimization in Support Areas
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Synergies between Orcopampa and Tambomayo
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $1.0 &#8211; 2.0M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>ORCOPAMPA</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Mine Centralization
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Reduction of equipment
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $2.0 &#8211; 2.5M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          2
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Improvement of efficiency in exploration
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Reduction of exploration galleries and emphasis in diamond drilling
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $2.0 &#8211; 2.5M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          3
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Cost Optimization in Support Areas
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Synergies between Orcopampa and Tambomayo
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $1.0 &#8211; 2.0M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>UCHUCCHACUA</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Optimization of the ore transport system
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Reduction of equipment and haulage distances
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $1.0 &#8211; 1.5M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          2
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Improvement of efficiency in exploration
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Emphasis in zones close to the exploitation areas (centralization)
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $3.5 &#8211; 4.5M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          3
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Cost Optimization in Support Areas
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Optimization of services and process
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $1.5 &#8211; 2.5M
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>EL BROCAL</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Mine Design Optimization
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Stope design optimization to reduce galleries per ton mined
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $5.0 &#8211; 6.0M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          2
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Renegotiation cost rates with contractors
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Optimization of the use of the equipment fleet
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $1.5 &#8211; 2.5M
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="top">
          3
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Increase in production due to operational improvements
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          Second stage in the optimization of metallurgical processes:
          Availability and Performance
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; padding-right: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap" valign="bottom">
          $6.0 &#8211; 7.0M
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black" valign="top">
          <b>TOTAL : $40.0 - 50.0M</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>*In the coming conference call, the company will present a breakdown
      of the De-Bottlenecking Program by quarter.</b>
    </p>
    <p>
      <b>3. Total Capex<sup>**</sup></b>
    </p>
    <p>
      The company expects a total CAPEX of $80-120 million during 2019.
    </p>
    <p>
      <b>**In the coming conference call, the company will present a breakdown
      of total capex by objectives (sustaining and growth).</b>
    </p>
    <p>
      <b>Company Description</b>
    </p>
    <p>
      Compa&#241;&#237;a de Minas Buenaventura S.A.A. is Peru&#8217;s 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*, Mallay*, Julcani*, Tambomayo*, El Brocal, La
      Zanja and Coimolache).
    </p>
    <p>
      The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with
      Newmont Mining Corporation), an important precious metal producer and
      19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper
      producer.
    </p>
    <p>
      For a printed version of the Company&#8217;s 2017 Form 20-F, please contact
      the persons indicated above, or download a PDF format file from the
      Company&#8217;s web site.
    </p>
    <p>
      (*) Operations wholly owned by Buenaventura
    </p>
    <p>
      <b>Note on Forward-Looking Statements</b>
    </p>
    <p>
      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&#8217;s, Yanacocha&#8217;s and Cerro Verde&#8217;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&#8217; plans for capital
      expenditures, estimates of reserves and Peruvian political, economic,
      social and legal developments. These forward-looking statements reflect
      the Company&#8217;s view with respect to the Company&#8217;s, Yanacocha&#8217;s and Cerro
      Verde&#8217;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.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>Contacts in Lima:</b><br><b>Leandro Garc&#237;a, Chief
      Financial Officer</b><br><b>(511) 419 2540</b>
    </p>
    <p>
      <b>Rodrigo Echecopar, Investor Relations Coordinator</b><br><b>(511) 419
      2591 / <u>rodrigo.echecopar@buenaventura.pe</u></b>
    </p>
    <p>
      <b>Company Website: <u>www.buenaventura.com.pe/ir</u></b>
    </p>
    <p>
      <b>Contacts in NY:</b><br><b>Barbara Cano</b><br><b>(646) 452 2334</b><br><u><b>barbara@inspirgroup.com</b></u>
    </p>
    <p>

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">Signature</font>
    </p>
    <p style="text-align: left">

    </p>
    <p style="text-align: justify">
      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.
    </p>
    <p style="text-align: justify">

    </p>
    <p>
      COMPA&#209;&#205;A DE MINAS BUENAVENTURA S.A.A.
    </p>
    <p>
      <br>
      <br>
      <br>
      By: /s/ LEANDRO GARC&#205;A RAGGIO
    </p>
    <p>

    </p>
    <p>
      Name: Leandro Garc&#237;a Raggio
    </p>
    <p>
      Title: Chief Financial Officer
    </p>
    <p>
      <br>
      <br>
      <br>
      Date: &#160;&#160;January 14, 2019
    </p>
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