Volcan announces first quarter 2016 production results by metal

Volcan announces first quarter 2016 production results by metal

CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Volcan announces first quarter 2016
production results by metal
Results are preliminary and subject to change based on final results
Lima, April 15th, 2016 - Volcan Compañía Minera S.A.A. (BVL: VOLCAAC1,
VOLCABC1; BCS: VCMAC1, VCMBC1; LATIBEX: XVOLB) is pleased to
announce the following production results for the fourth quarter and for the full year
of 2015:
Volcan Compañía Minera
Preliminary Production Results 1Q16
Production 1Q16
Zn
Pb
Cu
Ag
Au
(000 FMT) (000 FMT) (000 FMT) (MM Oz) (000 Oz)
Yauli
46.0
7.4
0.8
3.2
Chungar
22.9
5.8
0.4
1.1
2.5
1.8
0.1
0.5
Alpamarca
Oxidos
0.6
1.0
0.9
Total 1T16
71.4
15.1
1.2
5.8
1.5
Total 1T15
67.3
14.3
1.1
5.9
0.8
% Var 16/15
6.1%
5.6%
17.0%
-2.6%
90.9%
“Operating results for the first quarter were solid”, stated Volcan CEO, Ignacio
Rosado. “The production of zinc, lead, copper and gold increased compared with the
same period last year. Meanwhile, silver production reached a level similar to 1Q15.
These results are in line with our production objectives for the year.”
“We continue to invest in our operating units in a disciplined manner, searching for
greater efficiencies that permit cost reductions to continue while maintaining our
commitment to workplace safety, to the environment and to the communities in the
area of influence of our operations.”
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CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Volcan Compañía Minera S.A.A.
Volcan Compañía Minera is a polymetallic mining company and one of the largest
producers of zinc, lead and silver in the world. The Company is considered one of
the lowest cost producers in the industry due to the quality of its ore deposits.
Volcan began operations in 1943 at the heights of the Ticlio Pass. All operations are
located in the central mountains of the Peruvian Andes and include the operating
units, Yauli, Chungar, Alpamarca and Cerro de Pasco. These four operating units
include a total of 12 mines, seven concentrator plants and one oxides leaching plant.
The Company is growing organically through expansion of its plants and from
exploration and development of its own portfolio of brownfield and greenfield
projects. At the same time, the Company continuously searches for accretive
opportunities in the region.
For more information, visit our website at www.volcan.com.pe or contact:
Jorge Murillo
Chief Financial Officer
Tel. +51 1 416 7131
[email protected]
David Gleit
Investor Relations Officer
Tel: +51 1 416 7430
[email protected]
Ticker Symbols
BVL: VOLCAAC1, VOLCABC1; BCS: VCMAC1, VCMBC1; LATIBEX: XVOLB
This press release may contain forward-looking information that involves risks and uncertainties,
including those concerning costs and expenses; exploration results; the continued improvement and
efficiency of operations; prevailing market prices of zinc, lead, copper, silver, gold and other metals
mined; estimates of future explorations; development and production; plans for capital expenditures;
estimates of reserves; and Peruvian political, economic, social and legal developments. Such forwardlooking statements reflect the Company’s view with respect to the Company’s future operating and
financial performance. Actual results may differ materially from those projected in such forward-looking
statements resulting from a variety of factors that may or may not be discussed herein.
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