Buenaventura Announces Results of Annual Shareholders’ Meeting

  Buenaventura Announces Results of Annual Shareholders’ Meeting

Business Wire

LIMA, Peru -- March 26, 2013

Compañía de Minas Buenaventura S.A.A. (“Buenaventura”) (NYSE: BVN; Lima Stock
Exchange: BUE.LM), Peru’s largest publicly traded, precious metals mining
company announced the results of the Company’s Annual General Shareholders’
Meeting held March 26, 2013. The following resolutions were passed:

   1.   Approval of the 2012 Annual Report
             Approval of the Company’s Financial Statements, based on
      2.     International Financial Reporting Standards (IFRS), for the year
             ended December 31, 2012
             The appointment of Medina, Zaldívar, Paredes & Asociados Sociedad
      3.     Civil, Member of Ernst & Young Global, as external auditors for
             The declaration of a cash dividend of US$0.30 per share or ADS,
      4.     to be paid in U.S. dollars on April 29, 2013, with April 15, 2013
             as the Record Date
             Approval of the merger of Compañía de Exploraciones, Desarrollo e
      5.     Inversiones Mineras S.A.C. (a wholly owned subsidiary of the
             Company) with and into Compañía de Minas Buenaventura S.A.A, with
             Buenaventura the surviving entity of the merger.

Company Description

Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded
precious metals Company and a major holder of mining rights in Peru. The
Company is engaged in the mining, processing, development and exploration of
gold and silver and other metals via wholly owned mines, as well as through
its participation in joint exploration projects.

Buenaventura currently operates several mines in Peru (Orcopampa*, Poracota*,
Uchucchacua*, Breapampa*, Mallay*, Antapite*, Julcani*, Recuperada*, El
Brocal, La Zanja, Coimolache and CEDIMIN*).

The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont
Mining Corporation), an important precious metal producer; 19.58% of Sociedad
Minera Cerro Verde, an important Peruvian copper producer, and 49% of Canteras
del Hallazgo S.A, owner the Chucapaca project.

For a printed version of the Company’s 2011 Form 20-F, please contact the
persons indicated above, or download a PDF format file from the Company’s web

(*) Operations wholly owned by Buenaventura

Note on Forward-Looking Statements

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’s, Yanacocha’s and Cerro
Verde’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’ plans for capital
expenditures, estimates of reserves and Peruvian political, economic, social
and legal developments. These forward-looking statements reflect the Company’s
view with respect to the Company’s, Yanacocha’s and Cerro Verde’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.


In Lima:
Compañia de Minas Buenaventura S.A.A.
Roque Benavides, 511-419-2538
Carlos Galvez, 511-419-2540
Investor Relations:
Daniel Dominguez, 511-419-2591
In New York:
i-advize Corporate Communications, Inc.
Peter Majeski, 212-406-3694
Visit our website:
Press spacebar to pause and continue. Press esc to stop.