<SEC-DOCUMENT>0001157523-21-001208.txt : 20211015
<SEC-HEADER>0001157523-21-001208.hdr.sgml : 20211015
<ACCEPTANCE-DATETIME>20211015115251
ACCESSION NUMBER:		0001157523-21-001208
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211015
FILED AS OF DATE:		20211015
DATE AS OF CHANGE:		20211015

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:		211325424

	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>a52509756.htm
<DESCRIPTION>BUENAVENTURA MINING COMPANY INC. 6-K
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    <div style="text-align: center; font-family: 'Times New Roman',serif;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif;">Washington, D.C.&#160; 20549</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-weight: bold;">FORM 6-K</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; 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>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-weight: bold;">For the month of October 2021</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-weight: bold;">Commission File Number 001-14370</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-weight: bold;">COMPANIA DE MINAS BUENAVENTURA S.A.A.</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif;">(Exact name of registrant as specified in its charter)</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-weight: bold; font-size: 10pt;">BUENAVENTURA MINING COMPANY INC.</font><font style="font-size: 10pt;"><br>
        (Translation of registrant&#8217;s name into English)</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-weight: bold; font-size: 10pt;">Republic of Peru</font><font style="font-size: 10pt;"><br>
        (Jurisdiction of incorporation or organization)</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-weight: bold; font-size: 10pt;">CARLOS VILLARAN 790</font><font style="font-size: 10pt;"><br>
      </font> <font style="font-weight: bold; font-size: 10pt;">SANTA CATALINA, LIMA 13, PERU</font><font style="font-size: 10pt;"><br>
      </font> <font style="font-weight: bold; font-size: 10pt;">(</font><font style="font-size: 10pt;">Address of principal executive offices)</font></div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman',serif;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif;">Form 20-F ____<u>X</u>___ Form 40-F _______</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="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): [ ]<br>
      </font> <font style="font-size: 10pt;"><br>
      </font> <font style="font-size: 10pt;"><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): [ ]</font></div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman',serif;">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>&#160;</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif;">Yes _______ No ___<u>X</u>____</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman',serif;">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 Announces Temporary Suspension of Production at Uchucchacua Mine</b> </h1>
        <div class="bw-release-body">
          <div class="bw-release-table-js bw-release-story">
            <p>LIMA, Peru--(BUSINESS WIRE)--October 15, 2021--<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 that the Company has submitted a request to the Peruvian minister for mines and energy (MINEM) for the temporary suspension of mining and ore processing activities at its Uchucchacua mine. Operations were previously suspended due to
              a local community strike initiated on September 13, 2021, announced by the Company on September 21, 2021. Buenaventura has requested an extended suspension of operations as it has identified an important opportunity to meaningfully improve
              efficiency and profitability at its Uchucchacua operations. Mining and ore processing activities will therefore be suspended until the Company&#8217;s related goals and objectives have been fully achieved. </p>
            <p> The COVID-19 pandemic adversely impacted mine preparation and exploration at Uchucchacua, resulting in delays which were further exacerbated by operational challenges. A resulting expected decrease in 2020 and 2021 production was announced
              within the Company&#8217;s 3Q Operating Results released on October 14, 2021. </p>
            <p> Temporary suspension of operations therefore enables the Company to focus on its underground exploration strategy, optimizing the current reserve exploitation sequence with a gradual operations re-start. </p>
            <p> This decision also enables Buenaventura to achieve the most significant cash preservation through a focus on optimizing operational efficiency while reducing operating costs, particularly fixed costs, while de-risking future negative free
              cash flow generation with no significant impact to the Company&#8217;s original 2021 and 2022 cash flow estimates. This will be achieved through: </p>
            <ul style="list-style-type: disc;">
              <li> Optimizing the operation&#8217;s size and reducing fixed costs. </li>
              <li> Reduction of costs associated with Covid-19 protocol compliance. </li>
              <li> Evaluating and re-assessing all services with contractors and suppliers. </li>
            </ul>
            <p> This strategy will be implemented during the 2021-2023 period with a gradual and efficient restart of operations when goals and objectives have been achieved, prioritizing exploration over ore extraction based on the three primary pillars
              aligned with the Company&#8217;s objective of increasing ore reserves: </p>
            <div> </div>
            <ul style="list-style-type: disc;">
              <li> Exploration: focus on high grade zones to increase reserves in the long term. </li>
              <li> Re-engineering: Buenaventura's technical team is focused on a mine redesign to increase the operation&#8217;s cost efficiency with optimized reconciliation of the geological block model. </li>
              <li> Yumpag: suspension of Uchucchacua mining and ore processing activities will not affect progress related to of the high-grade Yumpag project, expected to begin production in early 2024. </li>
            </ul>
            <p> The Company will also leverage the temporary suspension of Uchucchacua mine operations as an opportunity to continue discussions and negotiations with the local community while furthering important progress related to its commitment to
              sustainability and the environment, including environmental monitoring, water treatment, waste collection and progressive mine closure. </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*, Julcani*, Tambomayo*, El Brocal, La Zanja and
              Coimolache). 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. For a
              printed version of the Company&#8217;s 2019 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. </p>
          </div>
          <div class="bw-release-contact">
            <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
            <p> <b>Contacts in Lima: </b><br>
              <b>Daniel Dominguez, Chief Financial Officer </b><br>
              <b>(511) 419 2540</b> </p>
            <p> <b>Gabriel Salas, Head of Investor Relations </b><br>
              <b>(511) 419 2591 / Gabriel.salas@buenaventura.pe</b> </p>
            <p> <b>Company Website: www.buenaventura.com</b> </p>
            <p> <b>Contacts in NY: </b><br>
              <b>Barbara Cano </b><br>
              <b>(646) 452 2334 </b><br>
              <b>barbara@inspirgroup.com</b> </p>
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    <div style="font-family: 'Times New Roman',serif;">Signature</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',serif;">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="font-family: 'Times New Roman',serif;">COMPA&#209;&#205;A DE MINAS BUENAVENTURA S.A.A.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',serif;">&#160;</div>
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    <div style="font-family: 'Times New Roman',serif;">By: /s/ DANIEL DOMINGUEZ</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',serif;">Name: Daniel Dominguez</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',serif;">Title: Chief Financial Officer</div>
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    </div>
    <div style="font-family: 'Times New Roman',serif;">&#160;</div>
    <div style="font-family: 'Times New Roman',serif;">&#160;</div>
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    <div style="font-family: 'Times New Roman',serif;">Date: October 15, 2021</div>
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