<SEC-DOCUMENT>0001157523-20-000439.txt : 20200330
<SEC-HEADER>0001157523-20-000439.hdr.sgml : 20200330
<ACCEPTANCE-DATETIME>20200330163802
ACCESSION NUMBER:		0001157523-20-000439
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200330
FILED AS OF DATE:		20200330
DATE AS OF CHANGE:		20200330

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:		20757659

	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>a52196437.htm
<DESCRIPTION>BUENAVENTURA MINING COMPANY INC. 6-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; margin-bottom: 18pt; font-family: 'Times New Roman',Times,serif; font-size: 16pt;">Washington, D.C.&#160; 20549</div>
    <div style="text-align: center; margin-bottom: 18pt; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 6-K</div>
    <div style="text-align: center; margin-bottom: 18pt; font-weight: bold;">REPORT OF FOREIGN ISSUER<br>
      PURSUANT TO RULE 13a-16 OR 15b-16 OF<br>
      THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; margin-bottom: 18pt; font-weight: bold;">For the month of March 2020</div>
    <div style="text-align: center; margin-bottom: 18pt; font-weight: bold;">Commission File Number 001-14370</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">COMPANIA DE MINAS BUENAVENTURA S.A.A.</div>
    <div style="text-align: center; margin-bottom: 18pt;">(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center; margin-bottom: 18pt;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">BUENAVENTURA MINING COMPANY INC.</font><br>
      (Translation of registrant&#8217;s name into English)</div>
    <div style="text-align: center; margin-bottom: 18pt;"><font style="font-weight: bold;">Republic of Peru</font><br>
      (Jurisdiction of incorporation or organization)</div>
    <div style="text-align: center; margin-bottom: 18pt;"><font style="font-weight: bold;">CARLOS VILLARAN 790</font><br>
      <font style="font-weight: bold;">SANTA CATALINA, LIMA 13, PERU</font><br>
      <font style="font-weight: bold;">(</font>Address of principal executive offices)</div>
    <div style="margin-bottom: 6pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
    <div style="text-align: center; margin-bottom: 6pt;">Form 20-F ____<u>X</u>___ Form 40-F _______</div>
    <div style="margin-bottom: 18pt;">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): [ ]<br>
      <br>
      <br>
      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): [ ]</div>
    <div style="margin-bottom: 6pt;">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.</div>
    <div style="text-align: center; margin-bottom: 6pt;">Yes _______ No ___<u>X</u>____</div>
    <div style="margin-bottom: 18pt;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.</div>
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      <div class="bw-release">
        <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>Buenaventura Provides an Update Regarding Extension of Government Restrictions to Contain COVID-19 Outbreak</b> </h1>
        <div class="bw-release-subhead">
          <p style="text-align: center; list-style-position:inside;"><b> <b><i>Strong Financial Position, Refinancing Existing Syndicated Loan <br>
                </i></b><b><i>Suspends 2020 Full Year Guidance</i></b> </b></p>
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        <div class="bw-release-body">
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            <p>LIMA, Peru--(BUSINESS WIRE)--March 30, 2020--<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
              advised that the Peruvian Government has extended the current state of emergency by an additional 13 days to curb the COVID-19 pandemic. The quarantine period has therefore currently been extended until April 12, 2020. </p>
            <p> Production at Buenaventura&#8217;s direct operations remains on care and maintenance during the state of emergency, but Buenaventura continues to process ore on the leach pads at its Coimolache and La Zanja mines. Mining activities will be
              limited to those critical activities which ensure functionality of mine pumping systems, water treatment plants, energy supply, hydroelectric substations, health services as well as to ensure essential plant maintenance, managerial oversight,
              security and safety conditions, including backfill and general support, among others. Buenaventura is prepared to immediately resume normal operations once it has received notice from the authorities that restrictions have been lifted. </p>
            <p> At the time of this release, Buenaventura is in the final stages of refinancing the Company&#8217;s existing syndicated loan in order to extend the current maturities and improve other loan-related financial conditions, as was noted at the
              Company&#8217;s March 9, 2020 Investor Day. Buenaventura is in a strong financial position with significantly reduced debt, to $627 million by the December 2019, primarily comprised of Buenaventura's US$275 million syndicated loan, US$162 million
              in El Brocal-specific debt, and the Company&#8217;s US$133 million leasing facility related to its Huanza hydroelectric plant. It is also important to highlight that Buenaventura has no &#8220;take or pay&#8221; contracts which could adversely affect its
              current financial position. </p>
            <p> In light of the uncertainty due to the COVID-19 outbreak and related effects, Buenaventura announces the suspension of its guidance for full year 2020. It currently is not possible to quantify said impact, making it impossible to estimate
              results for the full year. However, the Company continues to enhance its current mining plans in order to focus on high-grade areas while maintaining a focus on exploration and cost reduction efforts, once mines again commence production.
              Buenaventura will issue updated guidance once it has better clarity and visibility, post-crisis. </p>
            <p> Buenaventura remains focused on guaranteeing the safety of its employees, communities and contractors, as well as maintaining environmental safeguards. The Company will continue to provide relevant updates in a timely manner. </p>
            <p> <b>Company Description <br>
              </b>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*, 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 2018 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company&#8217;s web site. (*) Operations wholly owned by Buenaventura<b> </b> </p>
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          <div class="bw-release-contact">
            <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
            <p> <b>Contacts in Lima: </b><br>
              <b>Leandro Garcia, Chief Financial Officer </b><br>
              <b>(511) 419 2540 </b><br>
              <br>
              <b>Rodrigo Echecopar, Head of Investor Relations </b><br>
              <b>(511) 419 2591/ rodrigo.echecopar@buenaventura.pe </b><br>
              <br>
              <b>Contacts in NY: </b><br>
              <b>Barbara Cano </b><br>
              <b>(646) 452 2334 </b><br>
              <b>barbara@inspirgroup.com<br>
                <br>
                Company Website: www.buenaventura.com<br>
              </b> </p>
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    <div style="color: #000000;">Signature</div>
    <div><br>
    </div>
    <div style="text-align: justify; color: #000000;">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.</div>
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    <div style="color: #000000;">COMPA&#209;&#205;A DE MINAS BUENAVENTURA S.A.A.</div>
    <div><br>
    </div>
    <div style="color: #000000;">&#160;</div>
    <div style="color: #000000;">&#160;</div>
    <div><br>
    </div>
    <div style="color: #000000;">By: /s/ LEANDRO GARC&#205;A RAGGIO</div>
    <div><br>
    </div>
    <div style="color: #000000;">Name: Leandro Garc&#237;a Raggio</div>
    <div><br>
    </div>
    <div style="color: #000000;">Title: Chief Financial Officer</div>
    <div><br>
    </div>
    <div style="color: #000000;">&#160;</div>
    <div style="color: #000000;">&#160;</div>
    <div><br>
    </div>
    <div style="color: #000000;">Date: March 30, 2020</div>
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