Buenaventura Announces Retirement of Raul Benavides

Rhea-AI Summary

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) announced the retirement of Mr. Raul Benavides, Vice President of Business Development, after 40 years at the Company. Mr. Benavides significantly contributed to the growth of Buenaventura, including the initiation of operations at major mines such as Yanacocha and Coimolache. He held the VP position since 2011 and previously managed business development and mining operations. Buenaventura remains Peru's largest publicly traded precious metals mining company with extensive mining rights and operations.

Positive

• Raul Benavides has a long tenure of 40 years, showcasing stability in leadership.
• Significant contributions to the successful initiation of key mine operations.
• Buenaventura remains a leading player in precious and base metals in Peru.

Negative

• None.

Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced that Mr. Raul Benavides will retire as Vice President of Business Development following 40 years of service at the Company.

Mr. Leandro Garcia, Chief Executive Officer of Buenaventura commented, “Throughout his tenure at Buenaventura, Raul was instrumental in the Company’s growth and expansion. Through the years, he was a key part of the successful initiation of mine operations at Buenaventura’s Yanacocha, La Zanja and Coimolache mines in Cajamarca, among others, as well as of the Company’s Rio Seco processing plant in Huaral.”

Mr. Raul Benavides has held the position of Vice President of Business Development at Buenaventura since 2011. Prior to this role, he served as the Manager of Business Development since 1997. Also, he served as Mine Manager at Minas Orcopampa in Arequipa since 1984, where he led the mine’s processing plant extension as well as the discovery of the Company’s Chipmo gold mine. Mr. Benavides began his career at Buenaventura in 1980 as Operations Manager at Compañía Minera Colquirrumi, the Company’s subsidiary in Cajamarca, Peru.

Company Description

Compañía de Minas Buenaventura S.A.A. is Peru’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’s 2019 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company’s web site. (*) Operations wholly owned by Buenaventura.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201230005366/en/

FAQ

Who is Raul Benavides and what role did he serve at Buenaventura?

Raul Benavides served as Vice President of Business Development at Buenaventura and retired after a 40-year career.

What major mines did Raul Benavides contribute to at Buenaventura?

He contributed to the initiation of operations at mines like Yanacocha, La Zanja, and Coimolache.

What is the stock symbol for Buenaventura?

Buenaventura is traded on NYSE under the symbol BVN and on Lima Stock Exchange as BUE.LM.

How long did Raul Benavides work at Buenaventura?

Raul Benavides worked at Buenaventura for 40 years before his retirement.