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Buenaventura's Q3 gold output declines YOY

Compañía de Minas Buenaventura S.A.A. on Oct. 10 said its gold output in the third quarter totaled 277,556 ounces, down from 366,881 ounces in the year-ago period.

For the full year, the company expects to produce 190,000 ounces to 200,000 ounces from the Orcopampa operations, 130,000 ounces to 140,000 ounces from La Zanja, and 145,000 ounces to 155,000 ounces from Tantahuatay, while 630,000 ounces to 660,000 ounces are expected to be produced from Yanacocha.

In addition, silver production amounted to about 5.75 million ounces, slightly up from 5.63 million ounces reported in the same quarter of 2015.

The full-year forecast for silver production is expected to be between 15.5 million and 16.5 million ounces from Uchucchacua, 1.5 million to 1.9 million ounces from Mallay, 3.0 million to 3.4 million ounces from Julcani, and 1.8 million to 2.2 million ounces from El Brocal.

The company's zinc production in the quarter totaled 18,526 tonnes, while it now expects to produce between 72,000 and 83,800 tonnes of zinc in 2016.

At El Brocal, the miner expects to produce between 40,000 to 50,000 tonnes of copper, while copper output from Cerro Verde is estimated to fall between 500,000 to 550,000 tonnes.