UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of September 2024
Commission File Number: 001-14370
COMPANIA DE MINAS BUENAVENTURA S.A.A.
(Exact name of registrant as specified in its charter)
BUENAVENTURA MINING COMPANY INC.
(Translation of registrant's name into English)
CARLOS VILLARAN 790
SANTACATALINA, LIMA 13, PERU
(Address of principal executive office)
Indicate by check mark whether the registrant filesor will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F
x
Form40-F
¨
Indicate by check mark if the registrant is submittingthe Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes
¨
No
x
Indicate by check mark if the registrant is submittingthe Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes
¨
No
x
Buenaventura Receives Credit RatingUpgrade by Moody's to B1 with positive
outlook
Lima, Peru, September 3, 2024 -
Companiade 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, is
pleased to announce that Moody's Ratings ("Moodys")has upgraded its credit
rating to B1 with a positive outlook.
This upgrade reflects Buenaventura's operationalimprovements driven by
increased production from its El Brocal, Yumpag and Uchucchacua mines.
Additionally, Moody's highlights the efficiencyin cost reduction, cash flow
generation, and conservative liquidity management as key factors justifying
the rating upgrade.
Moody's also notes that Buenaventura'sconsolidated EBITDA will significantly
strengthen once the San Gabriel project begins production in the second half
of 2025.
This upgrade reaffirms Buenaventura's commitmentto enhancing shareholder
returns. Buenaventura's efforts are focused on mitigating risks associated
with the construction of SanGabriel, adhering to the established schedule and
CAPEX, and continuing to optimize cost reduction in our operations to increase
profitabilityand maintain a strong financial position.
Company Description
Compania 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 isengaged in the exploration, mining development, processing and
trade of gold, silver and other base metals via wholly-owned mines andthrough
its participation in joint venture projects. Buenaventura currently operates
several mines in Peru: Orcopampa*, Uchucchacua*,Julcani*, Tambomayo*, La
Zanja*, El Brocal and Coimolache.
The Company owns 19.58% of Sociedad Minera CerroVerde, an important Peruvian
copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo
Corporation).
For a printed version of the Company's 2023Form 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
Note on Forward-Looking Statements
This press release may contain forward-lookinginformation (as defined in the
U.S. Private Securities Litigation Reform Act of 1995) that involve risks and
uncertainties, includingthose concerning Cerro Verde's costs and expenses,
results of exploration, the continued improving efficiency of operations,
prevailingmarket prices of gold, silver, copper and other metals mined, the
success of joint ventures, estimates of future explorations, developmentand
production, subsidiaries' plans for capital expenditures, estimates of
reserves and Peruvian political, economic, social andlegal developments. These
forward-looking statements reflect the Company's view with respect to Cerro
Verde's future financialperformance. Actual results could differ materially
from those projected in the forward-looking statements as a result of a
variety offactors discussed elsewhere in this Press Release.
SIGNATURE
Pursuant to the requirements of the SecuritiesExchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANIA DE MINAS BUENAVENTURA S.A.A.
Date: September 3, 2024 By: /s/ DANIEL DOMINGUEZ VERA
Name: Daniel Dominguez Vera
Title: Market Relations Officer
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