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BUENAVENTURA Buenaventura Announces Third Quarter and Nine - month 2021 Results - Lima , Peru , October 28 , 2021 – Compañia de Minas Buenaventura S.A.A. ( " Buenaventura " or " the Company " ) ( NYSE : BVN ; Lima Stock Exchange : BUE.LM ) , Peru's largest publicly - traded precious metals mining company , today announced results for the third quarter ( 3Q21 ) and nine - month period ( 9M21 ) ended September 30 , 2021. All figures have been prepared in accordance with IFRS ( International Financial Reporting Standards ) on a non - GAAP basis and are stated in U.S. dollars ( US $ ) . Third Quarter and Nine - month 2021 Highlights : • • • • 3Q21 EBITDA from direct operations reached US $ 39.5 million , compared to US $ 68.5 million reported in 3Q20 . 9M21 EBITDA from direct operations reached US $ 141.6 million ; an increase as compared to US $ 88.1 million for the 9M20 . 3Q21 Adjusted EBITDA including associated companies reached US $ 183.7 million , compared to US $ 183.9 million in 3Q20 . 9M21 Adjusted EBITDA including associates reached US $ 593.3 million ; a significant increase as compared to US $ 298.5 million for the 9M20 . 3Q21 net loss reached US $ 91.9 million , compared to a US $ 14.9 million net income for the same period in 2020. 9M21 net loss was US $ 39.3 million , compared to a US $ 68.9 million net loss in the 9M20 . It is important note that net loss for the 3Q21 and 9M21 was impacted by a US $ 66.4 million Yanacocha impairment , corresponding to BVN's equity ownership position in this asset . Aligned with the Company's strategy to focus primarily on exploration , 3Q21 exploration at operating units increased to US $ 17.1 million , compared to US $ 7.6 million in 3Q20 . 9M21 exploration at operating units increased to US $ 40.9 million , compared to US $ 16.1 million in 9M20 . 3Q21 capital expenditures were US $ 24.0 million , compared to US $ 12.9 million for the same period in 2020. 9M21 capital expenditures reached US $ 58.5 million , compared to US $ 35.2 million in 9M20 . Cost Applicable to Sales ( CAS ) for the 9M21 reflects a US $ 43.8 million impact due to COVID - 19 - related expenses . Buenaventura's cash position reached US $ 287.9 million as of September 30 , 2021 . Mining and ore processing activities were suspended at the Uchucchacua mine in line with Buenaventura's strategy to reduce costs and become cash neutral while enabling the Company to focus on underground exploration and optimize the current reserve exploitation sequence with a gradual operations re - start . Financial Highlights ( in millions of US $ , except EPS figures ) : 3Q21 3Q20 Var 9M21 9M20 Var Total Revenues 220.4 228.2 -3 % 647.1 440.5 47 % Operating Income -13.6 12.7 N.A. -19.7 -64.8 70 % EBITDA Direct Operations 39.5 68.5 -42 % 141.6 88.1 61 % EBITDA Including Affiliates 183.7 183.9 0 % 593.3 298.5 99 % Net Income -91.6 14.9 -714 % -39.3 -68.9 -43 % EPS -0.36 0.06 -714 % -0.15 -0.27 -43 % ( * ) As of September 30 , 2021 , Buenaventura had a weighted average number of shares outstanding of 253,986,867 . Contacts in Lima : Daniel Dominguez , Chief Financial Officer ( 511 ) 419 2540 Gabriel Salas , Head of Investor Relations ( 511 ) 419 2591 / Gabriel.salas@buenaventura.pe Company Website : www.buenaventura.com Contacts in NY : Barbara Cano ( 646 ) 452 2334 barbara@inspirgroup.com