Peruvian miner Buenaventura confirmed it has received its final operating permit from the country’s Ministry of Energy and Mines for the start of production at its Yumpag silver mine.
The operation, wholly owned by the company, is near the Uchucchacua Unit, Yanahuanca District, Daniel Alcides Carrión Province, Pasco Region.
It will be Buenaventura’s flagship asset, said CEO Leandro Garcia. He added that the milestone marks the start of 1,000-ton-per-day uninterrupted mining, which will allow the company to reach its whole-year production guidance of 6.5-7.2 million silver ounces.
“Securing the necessary project stages and approvals in a timely manner demonstrates our readiness to capitalize on opportunities and execute strategic objectives with precision. We’ve achieved a key pillar to support Buenaventura’s overall growth strategy which, coupled with our focus on operational excellence and commitment to responsible resource management, position us to unlock significant value for our stakeholders.”
An official opening date for the underground mine has not been released.
Compañía de Minas Buenaventura is Peru’s largest publicly traded precious and base metals company. Its other assets there include Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal and Coimolache.
Source: Buenaventura