(Kitco News) - Compa??ia de MinasBuenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals miningcompany, today announced that the company has submitted a request to thePeruvian minister for mines and energy for the temporary suspension of miningand ore processing activities at its Uchucchacua mine.
According to the company'sstatement, operations were previously suspended due to a local community strikeinitiated on September 13, 2021, announced by the Company on September 21,2021.
Buenaventura said it hasrequested an extended suspension of operations as it has identified animportant opportunity to meaningfully improve efficiency and profitability atits Uchucchacua operations.
"Mining and ore processingactivities will therefore be suspended until the company's related goals andobjectives have been fully achieved," the company added.
Temporary suspension ofoperations therefore enables the company to focus on its undergroundexploration strategy, optimizing the current reserve exploitation sequence witha gradual operations re-start.
Compa???-a de MinasBuenaventura is Peru's largest, publicly traded precious and base metals companyand a major holder of mining rights in Peru. The company is engaged in theexploration, mining development, processing and trade of gold, silver and otherbase metals via wholly-owned mines and through its participation in jointventure projects. Buenaventura currently operates several mines in Peru.
By Vladimir BasovFor Kitco News
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