Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Metals

Peru's Buenaventura cuts full-year production guidance as Q3 gold, silver, zinc output falls

Electricity | Energy | Electric Power | Emissions | Renewables

Global Energy Transition: What are the key drivers and hindrances?

Marine Fuels

Platts Bunkerwire

Commodities | Metals | Non-Ferrous | Aerospace & Defense | Autos & Capital Goods | Materials | Building & Construction | Transportation

Aluminum Symposium 2020

Nuclear | Metals

Chile project could be path to lithium supply for Russia's Rosatom

Peru's Buenaventura cuts full-year production guidance as Q3 gold, silver, zinc output falls

Lima, Peru — Peruvian precious metals producer Buenaventura reduced its full-year gold, silver and zinc guidance after production of the metals dropped in the third quarter, the company said Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The company trimmed guidance for the full year to 835,000-890,000 oz of gold, 19.2 million-22.5 million oz of silver and 78,000-87,000 mt of zinc from earlier estimates of 837,000-900,000 oz of gold, 20.7 million-23.5 million of of silver and 90,000-105,000 mt of zinc. Copper and lead guidance were little changed at 47,000-52,000 mt and 49,400-55,500 mt, respectively.

Gold output totaled 236,694 oz in Q3, Lima-based Buenaventura said in a statement. Production was 290,159 oz a year earlier, according to an earlier release. The Yanacocha mine, a joint venture with Newmont, produced 142,654 oz of gold, compared with 153,523 oz a year ago. Yanacocha is expected to produce 510,000 oz of gold overall this year.

Silver production fell to 5 million oz in Q3 from 6.75 million oz a year earlier due to lower output from its Uchucchacua and Tambomayo mines.

Copper production at Buenaventura's El Brocal unit was 12,707 mt in the quarter, down from 12,483 mt a year ago. The company did not report production from Freeport McMoRan's Cerro Verde mine, in which Buenaventura holds a 19.58% stake, but said Cerro Verde should produce 460,000-500,000 mt of copper this year.

Buenaventura's zinc output in the quarter fell to 16,547 mt from 19,248 mt a year earlier, while lead output dropped to 10,879 mt from 13,711 mt.

-- Alex Emery, newsdesk@spglobal.com

-- Edited by Derek Sands, newsdesk@spglobal.com

Platts University | Houston | Singapore | New York | Abu Dhabi

Oil market fundamentals training for professionals at every level who have a role in the oil markets.

Learn more