Compañia de Minas Buenaventura S.A.A. said it has received its final operating permit from the Peruvian Ministry of Energy and Mines to begin production at its Yumpag mine.
“Receipt of this final permit for our flagship Yumpag mine represents a significant milestone for Buenaventura and also reflects our proficiency in handling mining projects as well as regulatory processes efficiently and effectively,” said Leandro Garcia, CEO, Buenaventura. “We’ve therefore 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.”
The final operating permit approval for Buenaventura’s flagship Yumpag mine signifies the culmination of rigorous planning and preparation. This milestone marks the start uninterrupted 1,000-metric-ton-per-day mining at Yumpag, which Buenaventura said will enable it to achieve its 2024 production guidance of 6.5 – 7.2 million silver ounces.
