Compañia de Minas Buenaventura S.A.A., Peru’s largest publicly traded precious metals mining company, announced it is temporarily suspending production at its Orcopampa mine from December 17 through January 31.
The decision is part of the company’s strategy to prioritize Orcopampa’s de-bottlenecking Program over ore extraction. The strategy was originally announced by the company earlier in the year and Buenaventura’s management has made the decision to cease production temporarily to focus on centralizing the operation.
The plan is to optimize the current infrastructure by improving the mine ventilation system and reinforcing the galleries to ensure the safety of Orcopampa’s miners, consistent with Buenaventura’s ongoing focus on mine safety as the company’s foremost priority. During the temporary suspension of production, approximately 550 miners will work on projects related to optimizing the current infrastructure.