La Zanja Lags Guidance

Buenaventura produced 10,163 ounces of gold in the fourth quarter at La Zanja, marking an increase of 22.6% from the prior-year quarter. Gold production for 2022 at La Zanja increased 30.9% to 29,616 ounces. However, visita nuestro sitio web the figure came below the guidance of 31,000-38,000 ounces as mining at Phase V-Pampa Verde was delayed due to inflation-related OpEx increases.

From La Zanja, the company sold 10,576 ounces of gold in the fourth quarter and 29,376 ounces in 2022.

The Pampa Verde pit will pause mining operations in 2023 to concentrate on exploration. Nonetheless, leaching will continue at La Zanja’s San Pedro pad as long as it is profitable.