2Q17 Corporate Presentation

Cautionary Statement

This presentation contains certain information that may constitute forward-looking information under applicable U.S.
securities legislation, including but not limited to information about costs applicable to sales, general and
administrative expenses; production volumes; current expectations on the timing, extent and success of exploration;
development and metallurgical sampling activities, the timing and success of mining operations and the optimization
of mine plans. This forward-looking information entails various risks and uncertainties that are based on current
expectations, and actual results may differ materially from those contained within said information. These
uncertainties and risks include, but are not limited to, the strength of the global economy, the price of commodities;
operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual
mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present,
and other risks and hazards associated with mining operations. Risks and uncertainties about the Companys business
are more fully discussed in the BVNs form 20-F filed with the Securities and Exchange Commission in the U.S. and
available at www.sec.gov . Readers are urged to read these materials. Buenaventura assumes no obligation to update
any forward-looking information or to update the reasons why actual results could differ from such information unless
required by law.

2
Investment Thesis
Drivers
1
Tambomayo Gold
Orcopampa
Diversified La Zanja
Coimolache
Portfolio
Yanacocha
4 Silver
OPERATIONS
More than Six Uchucchacua
Decades Safety Mallay
Julcani
Replenishing Human Resources
Reserves Long
Social Base
2 Term Business Plan
Management Metals
El Brocal
Cerro Verde
Environmental

Support
Partner of Choice Management
in Peru
Technology and Gold
Innovation San Gabriel
5 Quecher Main
Track Record Energy
Creating New
Communications Silver
Value Through
Organic Growth Head Office
3 Yumpaq

Peru Investment PROJECTS

Grade - Low Cost of Trapiche Base
San Gregorio Metals
Capital
Marcapunta Norte-Sur
Yanacochas Sulfides
Coimolaches Sulfides

3
Leading Player in One of the Most Extensively
Mineralized Countries
Buenaventura has built a strong portfolio of diversified operations and projects in Peru, a country situated in one of the
worlds most prolific polymetallic belts

Peru: Golden Mining Opportunities Regional Clusters Leverage Important Synergies for BVN

Peru is considered one of the top ten richest P El Faique

mineral countries in the world and is positioned Operation
among the best jurisdictions for mining investment Coimolache
P Project Coimolache
P
Sulfides
Recognized Mineral Wealth (1)
La Zanja
Percentage of Global Production North
World Reserves Ranking P
Yanacocha
P
Gold 5% 6
P P Quecher Main
Silver 21% 1 P
Yanacocha
Copper 11% 2 P
Sulfides
Zinc 13% 3
Mallay
Lead 8% 4 P

Uchucchacua P

P Yumpaq P Trapiche
Peru: Investment Grade (2) Central Marcapunta Orcopampa
Tajo Norte
P Tambomayo South
P San Gregorio
BBB+ A3 BBB+ P San Gabriel
Julcani P

Cerro Verde

Source: Mineral Commodity Summaries 2017 - US Geological Survey, Ministry of Economy and Finance
Notes: (1) As of 2016 4
(2) As of August 17, 2017
 Unparalleled Track-Record
Buenaventura has over 64 years of experience in exploration, development, construction and mining operations
activities as well as joint ventures with world class companies
Copper

Mn
Inauguration
Gold of the
First Latin American mining chemical plant
company to list on the New of Rio Seco
BVN acquires 11% from El Brocal. York Stock Exchange
As of 2017, BVNs has 61%
JV1: Gold
Orcopampa Gold La Zanja
(1967: 75 2017: 1.5K TPD) 20x (around 1M AuOz
produced to date)
2016
JV4:
Silver

2013
First dor bar obtained in
Yanacocha (More than 36
M Au Oz produced to date) The first dor bar of
2011 Tambomayo is obtained
Uchucchacua JV2:
Acquisition of the Silver Gold
Julcani mine in (1975: 150 2017: ~4K TPD) 25x
Huancavelica 2010
Foundation of
Buenaventura 1996
Coimolache, first dor bar is
1994 obtained (around 1M Au Oz
produced to date)
1993
JV5:
1979 Gold

1975 We participated together with Cyprus in Copper

1967 the privatization of Cerro Verde
(1994: 30K Cu TM 2017: 500-550K Cu TM) 18x
1953
JV3:

5
Portfolio of Operations
Stake Mining By
Our Operations Name owned method product

1 Tambomayo 100.00% U/G

BVNs operations
presence 2 Orcopampa 100.00% U/G

Gold
3 Coimolache 40.10% O/P

4 Yanacocha 43.65% O/P

Cajamarca 3
5 La Zanja
4 5 53.06% O/P

6 Uchucchacua 100.00% U/G L Z

9 of 11
mining units

Silver
operated by Pasco 7 10 7 Mallay 100.00% U/G L Z
BVN1 6 9

8 Julcani 100.00% U/G L Z

Lima
Precious 8
Metal
focused 9 Tajo Norte 61.32% O/P L

Base Metals
Huancavelica
2
1
11 10 Marcapunta 61.32% U/G
Copper
Long-term Arequipa
potential 11 Cerro Verde 19.58% O/P

Gold Zinc Z U/G: Underground

Silver Lead L O/P: Open Pit
Notes: (1) Affiliates are Coimolache, Yanacocha and Cerro Verde. BVN is in charge of Copper 6
the operation of Coimolache despite having less than 50% share
Portfolio of Operations Opportunities
De-bottlenecking program at Buenaventuras direct operations and subsidiaries to maximize value

1 Tambomayo
Full production capacity was achieved in August
De-bottlenecking Program Improve the backfill system

To develop a more robust 2 Orcopampa

infrastructure will allow Improve ventilation and hoist systems
Positive results replenishing reserves and resources
Increase
exploration and
Increase the development
3 Uchucchacua
average activities Increasing mining production by 12% per year to be treated at Mallays
production (efficient facilities (more profitable)
(more steady) movement of ore
mineral and
Improve ventilation, hoist and drainage systems
waste) 4 Mallay
Devoting metallurgical capacity to Uchucchacuas ore (more value)
5 El Brocal (Marcapunta)
Cost Increase of Prioritize copper production (40,000 MT Cu/year 70,000 MT Cu/year)
Reduction Ore Reserves
Improve backfill system in order to exploit ore pillars
5 Julcani
Optimizing production rate (less volume with higher ore grades)

7
Expanding Production Through Organic Growth

Equity Gold Production Equity Silver Production

In 000 Oz In M Oz

627 610-680 28.0-30.0

230- 24.7
286 245
311 280 12.2 12.9
147 113 380-
342 435
165 168

6M16 6M17 2016 2017E 6M16 6M17 2016 2017E

Direct Operations Yanacocha Direct Operations

Equity Copper Production Equity Zinc Production

In 000 MT In 000 MT

128 125-140 49-62

51

62 60 98 98-107 27
23
49 46
13 13 29 28-34

6M16 6M17 2016 2017E 6M16 6M17 2016 2017E

Direct Operations Cerro Verde Direct Operations

Notes: (1) Direct Operations includes Tambomayo, Orcopampa, Coimolache, La Zanja, Uchucchacua, Mallay, Julcani, Tajo Norte and Marcapunta 8
Operations Highlights:
Tambomayo (U/G 100%)
The newest BVNs gold mine. Successful ramp-up and full capacity achieved in August 2017

Operation Overview Operating Results

Highlights Improvement Program Production
2017 Au guidance: 60k 90k Costs: Gold
(K Au Oz)
Full year production guidance will be: o Optimization of mining productivity: up to
o Au: 120k 150k 10% savings in mining contract costs
o Ag: 3 M 4 M o Improve the backfill to get a more efficient
mining cycle
Lower cost expected after fine tuning operation
Production:
Full plant capacity of 1,500 MTD achieved in
August 2017 o Fine tuning processing plant in order to
improve recovery rate 120-150
2017 Exploration Program o Increase mine development
o Drift/Tunnels: 2,089m
o Diamond drilling: 16,362m 60-90

12
General Information
6M17 2017E FY Guidance
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Au Oz)
Plant capacity: 1,500 MTD (4.9 yr) CAS
(3.8 yr)
(US$/Au Oz)
Products: - Dor bars 738
- Ag/Pb concentrate 566 141 Location:
- Ag/Zn concentrate 238 Arequipa
597
328 723 680-
4,800 MASL 300-
2015 2016
720 400
Reserves Resources (LOM) 6M17 2017E FY Guidance

Notes: (1) As of December 31, 2016 9

(2) Resources includes measured and indicated
Operations Highlights:
Tambomayo (U/G 100%)
Improve of the backfill system to reduce mining cycle-time and increase productivity

Backfill Circuit

TODAY Plan View Cross Section

Backfill (rockwaste +
Mine entrance
concrete) Fill Raise
(pilot) BP-978 E

Truck transportation
Nv 4846

More expensive
RP_100

Nv 4797

Slower activity Sub Level

Concrete Plant Nv 4748

BP-500 E

Nv 4698

Nv 4650 BP-200 E

AFTER
IMPROVEMENTS

Backfill (tailing + cement)

Pipeline transportation
Less expensive
o Lower filtering
o Lower consumption of
cyanide
Faster activity Plan VIew Fill Raise

10
Operations Highlights:
Orcopampa (U/G 100%)
Extending LOM through exploration (Pucar area)

Operation Overview Operating Results

Highlights Improvement Program Production
Increase of the annual production guidance: Cost reduction: Gold
(K Au Oz)
o 180k 190k 190k 200k o Optimization of mining contracts: up to 10%
savings in mining contract costs
Expected cost improvement in 2H17 due to o Expansion of the mine shaft (civil works
higher ore grades and lower cost coming started on Mar-17) - Hoist system
from Pucara and Pucarina areas improvement
o Expansion of the ventilation system
2017 Exploration Program:
190-
o Drift/Tunnels: 6,445m 191 200
o Diamond drilling: 35,661m

92 89

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Au Oz)
Plant capacity: 1,500 TPD (2.2 yr) (2.5 yr) CAS
(US$/Au Oz)
Product: Dor bars 515
444
154
Location:
Production initiated in 1967: 136 Arequipa
more than 4.8M Au Oz and more 361 774 680-
308 695 704
than 73.8M Ag Oz were produced 3,800 MASL 720
to date 2015 2016
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 11

(2) Resources includes measured and indicated
Operations Highlights:
Orcopampa (U/G 100%)
Extended LOM through exploration (Pucar area)

Orcopampa Pucar & Pucarina Vein

12
Operations Highlights:
Coimolache (O/P 40.10%)
Low-cost and extended (in oxides) LOM operation. Potential to become a long-term Cu producer

Operation Overview Operating Results

Highlights Improvement Program Production
2017 production guidance: Costs: Gold
(K Au Oz)
o Au: 145k 155k o Optimization of mining contracts: up to
10% savings in mining contract costs
In 2H17 we expect more production contribution Project:
coming from the Cienaga Norte area:
o Coimolaches Sulfides project, currently
o Higher ore grades under resource delineation (Resources:
o Lower costs 488 M MT @ 0.76% Cu (3.7 M Cu MT) and
0.007 Au Oz/MT (3.5 M Au Oz)) 145-
151
155

71 63

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Au Oz)
Product: Dor bars Oxides (7.7 yr) Oxides (8.3 yr) CAS
5,019 (US$/Au Oz)
Production initiated in 2011:
more than 0.8M Au Oz were Location:
3,531
produced to date 1,396 Cajamarca
475 465 492 400-
920 1,023 449 466
3,800 MASL 430
2015 2016
Reserves Resources
Resources (sulfides) (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016

(2) LOM only considers Tantahuatay oxides R&R
13
Tantahuatay oxides resources: includes measured and indicated / Tantahuatay sulfides resources: only includes indicated
Operations Highlights:
Yanacocha (O/P 43.65%)
Important mining district
Quecher Main to extend LOM until 2025 and optionality to become a long-term Cu producer (Yanacocha sulfides)

Operation Overview Operating Results

Highlights Production
2017 production guidance: Projects Gold
o Au: 530k 560k Quecher Main:
(K Au Oz)

o Annual Guidance maintained despite heavy rains o Good results. Project decision is expected by
at the beginning of the year 2H17
Quecher Main will bridge the operation to o Estimated annual production of 200k Au Oz
Yanacocha Sulfides o Production between 2020 and 2025.
o CAPEX: $275 - $325 million / Positive FCF project
Yanacocha Sulfides (O/P): 655
o Project added 2 M Au Oz to resources 530-
560
o Studies will take 2.5 3 more years
o More drilling and mining exploration expected at 336
Chaquicocha (U/G) 258

General Information
6M16 6M17 2016 2017E
Key Points Reserves(1) and Resources(1) (2) Location Costs
(M Au Oz)
Product: Dor bars 22.8 26.6 CAS
(US$/Au Oz)
Production initiated in 1993: 5.4 9.2
more than 36.7M Au Oz were Location:
produced to date 5.1 17.5 4.4 17.5 Cajamarca
960 845-
760 841 895
Reserves Resources Reserves Resources 3,800 MASL
2015 2016

Conga Yanacocha 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 14

Operations Highlights:
La Zanja (O/P 53.06%)
Exploration to increase oxides (LOM) until 2019 and potential Cu producer

Operation Overview Operating Results

Highlights Improvement Program Production
2017 production guidance: Reserves increase: Gold
o Au: 115k 125k o Potential copper porphyry Emperatriz
(K Au Oz)

LOM will be extended until 2019 (sulfides project)

140
115-
125

70 63

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Au Oz)
Product: Dor bars (2.4 yr) (2.6 yr) CAS
(US$/Au Oz)
Production initiated in 2010: 417
more than 0.9M Au Oz were
384 Location:
produced to date 164 Cajamarca
148 762 650-
253 535 607 680
236 3,500 MASL
2015 2016
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 15

(2) Resources includes measured and indicated. Alejandra project is not considered
Operations Highlights:
Uchucchacua (U/G 100%)
Optimizing mine and plant infrastructure to increase production capacity

Operation Overview Operating Results

Highlights Improvement Program Production
Increase of the 2017 production guidance: Cost reduction: Silver
(M Ag Oz)
o Ag: 16M 18M Oz 17M 18M Oz o Optimization of mining contracts: up to 10%
savings in mining contract costs
Since June, the underground production of o Improvement of the ventilation system
Uchucchacua was increased from 3,910 TPD to o Improvement of the drainage system
4,400 TPD. The exceeded capacity is being o Improvement of the hoist system (mineral
treated at Mallays processing plant transportation system)

2017 Exploration Program: Production increase: 17.0-

16.21 18.0
o Drift/Tunnels: 8,416m o Evaluating plant expansion (3.9K 5.0/6.0K TPD)
o Diamond drilling: 39,281m Reserves increase:
o Good exploration results at Yumpaq 8.08 8.33
o Start the studies related to the Uchucchacua-
Yumpaq integration
General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(M Ag Oz)
Plant capacity: 3,910 TPD (4.7 yr) (4.8 yr) CAS
(US$/Ag Oz)
Products: - Silver bars 99.4 100.6
- Ag/Pb concentrate Location:
38.3 34.4
- Ag/Zn concentrate Lima
61.1 66.2 10.5-
10.8 10.8 11.0
Production initiated in 1975: 4,500 MASL 11.5
more than 259 M Ag Oz were 2015 2016
produced to date
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016

(2) Includes measured and indicated resources. Yumpaq is not being considered (24.2 M Ag Oz) 16
Operations Highlights:
Uchucchacua (U/G 100%)
Yumpaq: Uchucchacuas long term

Yumpaq Exploration Results

Uchucchacua
Ore Reserves: 66.2 Moz of Silver (4.65 MT @ 14.2 oz/t Ag, 1.4% Pb, 1.9% Zn, 8.6% Mn)
Total Resources (M+I): 53.3 Moz of Silver (3.80 MT @ 14.1 oz/t Ag, 1.6% Pb, 2.1% Zn, 7.8% Mn)

Yumpaq
Total Resources (M+I): 24.2 Moz of Silver (1.00 MT @24.0 oz/t Ag, 0.5% Pb, 1.0% Zn, 20.2% Mn)
Potential: 2.78 M

5.2 Kilometers

17
Operations Highlights:
Julcani (U/G 100%)
Improve profitability through production rate optimization

Operation Overview Operating Results

Highlights Improvement Program Production
2017 production guidance: Prepare a plan with better balance in terms Silver
(M Ag Oz)
o Ag: 2.6M 2.8M Oz of infrastructure, exploration and
exploitation
The mining procedures were charged to enhanced
safety. The result in a temporary cost increase Production increase:
mainly due to higher mining support expense o Reducing volume but focusing in areas with
higher ore grade increase profitability
The underground production was reduced from
600 TPD to 400 TPD 3.26
2.60-
2017 Exploration Program: 2.80
o Drift/Tunnels: 8,416m
o Diamond drilling: 18,380m 1.69
1.31

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(M Ag Oz)
Plant capacity: 600 TPD (3.4 yr) (2.8 yr) CAS
(US$/Ag Oz)
Product: Ag/Pb concentrate 9.1
3.1
7.5 Location:
1.3
Production initiated in 1953: Huancavelica
more than 110 M Ag ounces 6.0 6.2 14.8 14.5-
produced to date 4,250 MASL 11.1 11.6 15.5
2015 2016
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 18

(2) Resources includes measured and indicated
Operations Highlights:
Mallay (U/G 100%)
Mine deepening in progress

Operation Overview Operating Results

Highlights Improvement Program Production
Updated 2017 production guidance: Reserves increase: Silver
(M Ag Oz)
o Ag: 1.1M 1.3M Oz o Mine deepening will increase reserves and
resources
Take advantage of its processing plant to treat o Update the hydrogeological study 1.63 1.00-
Uchucchacuas ore (more profitable)
0.84 0.70 1.30
2017 Exploration Program:
o Drift/Tunnels 3,735m 6M16 6M17 2016 2017E
o Diamond drilling: 15,933m
Zinc
(K Zn MT)

10.46 7.0-
5.40 4.42 9.0
General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(M Ag Oz)
Plant capacity: 600 TPD (2.8 yr) CAS
(1.7 yr) (US$/Ag Oz)
Products: - Ag/Pb concentrate 3.1
Location:
- Ag/Zn concentrate 1.9 1.6 Lima
1.0 13.7
Production initiated in 2012: 1.5 12.3 12.8 12.0-
0.9 4,250 MASL
more than 6.1 M Ag ounces 13.0
2015 2016
were produced to date
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 19

(2) Resources includes measured and indicated
Operations Highlights:
Cerro Verde (O/P 19.58%)
World class deposit with largest concentrating facility

Operation Overview Operating Results

Highlights Production
Plant throughput of 360k TPD (largest Production 2017E: Copper
(KCu MT)
concentrating facility): o Cu: 500k 550k MT
o Concentrator # 1: 120K TPD o Mo: 9.6k 11.6k MT
o Concentrator # 2: 240k TPD o Ag: 3.5M 4.5M Oz
Copper production distribution: Cash Cost 2017E: 1.40 1.5 $/Cu Lb
o Cu Concentrate: 90%
o Cu Cathodes: 10%
500-
502 550

250 237

General Information
6M16 6M17 2016 2017E
Key Points Reserves(1) Location Costs
(M Cu MT)
Plant capacity: 360k TPD (23.7 yr) (21.9 yr) CAS
(US$/Cu Lb)
Products: - Cu concentrate
Location:
- Cu cathodes 14.6 13.5 Arequipa
1.48 1.40-
- Mo concentrate 1.20 1.30 1.50
2,600 MASL
2015 2016
Reserves
6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 20

Operations Highlights:
El Brocal Marcapunta (U/G 61.32%)
Focused on Project 13K to duplicate the El Brocal copper production and reach total processing capacity of
21K TPD (Cu + Pb/Zn)

Operation Overview Operating Results

Highlights Improvement Program Production
Marcapunta Norte Marcapunta Sur Production increase (Cu): Copper
(K Cu MT)
Production stabilization and increased focus on o Mine expansion (7K 13K TPD)
copper enhance cash generation
Improve backfill system in order to exploit
Improved commercial terms of copper ore pillars
complex concentrates (nine contracts)
Full year production after implementation of
13K project, the guidance will be:
45.0-
o Cu: 75k 85k 49.2 55.0
o Zn: 40k 50k

23.0 21.5

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Cu MT)
Plant capacity: (23.2 yr) (26.4 yr) CAS
(US$/Cu MT)
Plant #1: 7k TPD -> 10K TPD 1,682
(100% Cu) 1,482 Location:
946 Pasco
Plant #2: 11k TPD (Flexible Cu / 1,383
4,808 4,870 4,651 4,400-
Zn-Pb) 536 299 4,250 MASL 4,600
Products: Cu concentrate 2015 2016
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016

(2) Resources includes measured and indicated resources
21
Operations Highlights:
El Brocal
Marcapunta Norte and Marcapunta Sur interconnected (Esperanza tunnel)

El Brocal Area

Plant #1
(Cu)

N
Increase Processing Plant
capacity 1&2
(7k 10K)
2
Plant # 2
(Pb-Zn) 1
In progress to
dual treating
(Pb-Zn/Cu) Tailing Pond (Huachuacaja)

Marcapunta Marcapunta
Sur Norte
Primary
Crushing
Esperanza Ramp

San Gregorio Marcapunta Tajo Norte

22
Operations Highlights:
El Brocal Tajo Norte (O/P 61.32%)
Focus on areas with higher value

Operation Overview Operating Results

Highlights Improvement Program Production
The estimated production of Zinc for 2017 is Increase profitability: Zinc
(K Zn MT)
50-60k MT.
o The mining plan of the next 3 years will be
focused on areas with higher profitability

57.4 50.0-
60.0

29.1
23.6

General Information
6M16 6M17 2016 2017E
Key Points Reserves, Resources and LOM(1) (2) Location Costs
(K Zn MT)
Plant capacity: CAS
(14.3 yr) (12.0 yr) (US$/Zn MT)
Plant #1: 7k TPD -> 10K TPD 1,272
(100% Cu) 1,068 Location:
152
366 Pasco
Plant #2: 11k TPD (Flexible Cu / 1,120 1,914 1,808
1,700-
702 1,610
Zn-Pb) 4,250 MASL 1,900
Product: Cu concentrate 2015 2016
Reserves Resources (LOM) 6M16 6M17 2016 2017E

Notes: (1) As of December 31, 2016 23

(2) Resources includes measured and indicated. It includes Smelters section
Portfolio of Projects Pipeline for Growth

Buenaventuras Project Strategy

Legend
To implement a disciplined process Gold projects
and increase value through our
portfolio of mining projects In preparation Silver projects
to Ramp-up Marcapunta
(expansion)
Increase Value Disciplined Base Metal
Focus on process projects
optimize Focus on Operated by
capital implementing Newmont
allocation best practices
in terms of
project
management 15 Quecher
Main
years Rio Seco
Yumpaq
Expansion
(Phase I)
(Mn)
Trapiche
San Gabriel
(Cu)

5 10+ El Faique
Yanacocha
San Gregorio
Coimolache
Rio Seco
Sulphides Sulphides
years (Zn/Pb/Cu)
(Cu/Au)
(Zn/Pb/Ag)
(Cu/Au)
(Cu/As)

24
Projects Highlights:
San Gabriel (U/G 100%)
Assuring a robust engineering analysis

Project Overview
Highlights San Gabriel Ore Body Access Ramp
Environmental Impact Assessment (EIA) approved on March 31,
2017
Prefeasibility studies underway

Key aspects under analysis:

Complementary geomechanical testwork studies to optimize mining
methods

General Information Location

Main Mineral Resources(1)
High-grade Gold and Silver
7.7 M MT @ 5.7 g/t Au (1.4 M Au Oz),
@ 0.23 Oz/t Ag (1.7 M Ag Oz)
Deposit Type *Measured and indicated
Underground
5.3 M MT @ 4.6 g/t Au (0.8 M Au Oz), Location: Moquegua
Ownership(1) @ 0.23 Oz/t Ag (1.2 M Ag Oz)
Buenaventura *Inferred 4,800 MASL
100%

Notes: (1) As of December 31, 2016 25

Projects Highlights:
Trapiche (O/P 100%)
Significant copper deposit

Project Overview
Highlights Trapiche Porphyry Deposit Section
Copper studies for leachable copper underway
Leachable resource of 230 M MT at 0.57% copper
Working on the prefeasibility study, expected in 2018
Strengthening relations with Mollebamba rural community
(Apurimac Region)

General Information Location

Main Mineral Resources(1)
Copper deposit 722.6 M MT @ 0.42% (3.0 M MT Cu),
@ 0.01% (0.08 M MT Mo)
Deposit Type *Total measured
Open Pit Location: Apurimac
230.0 M MT @ 0.57% (1.3 M MT Cu)
*Mineral Leachable (included in
Ownership(1) measured resources) 4,250 MASL
Buenaventura
100%

Notes: (1) As of December 31, 2016 26

2Q17 Financial Highlights

Total Revenues Consolidated EBITDA

In US$ millions In US$ millions
1,200-
1,400
1,069 -19% 400-450
+4%
333
-10% -48%
513 535
170
285 257 108 137
57

2Q16 2Q17 6M16 6M17 2016 2017E 2Q16 2Q17 6M16 6M17 2016 2017E

Net Income EBITDA Including Affiliates

In US$ millions In US$ millions

-40%
190-210 -12% 765-855
107 65 645 Other
55
-40% 320-350 Operations (2)
(42%)
-6 327 289 Direct
184 Operating
111 445-505 Units (3)
(58%)
-324 (1)
2Q16 2Q17 6M16 6M17 2016 2017E 2Q16 2Q17 6M16 6M17 2016 2017E

Notes: (1) 2016 net Income includes a Yanacochas impairment of US$ 388.2 M
(2) Includes Yanacocha and Cerro Verde
(3) Operating units includes all BVNs direct operations (Tambomayo, Orcopampa, La Zanja, Uchucchacua, 27
Mallay, Julcani, Tajo Norte and Marcapunta) and Coimolache
2Q17 Financial Highlights
Buenaventura has maintained an adequate debt structure through recent years, which allowed to achieve a solid
financial performance and low cost of funding levels

Net Debt / EBITDA (1) Debt Profile (2) (3)

5.3x

25%

Total Debt:
4.0x 60% US$ 714 M
15%

2.5x
< 1 year < 1 & 2 years> <2 & 5 years>
2.0x
1.9x
1.7x 1.7x
Debt Rating

4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Ba2 BBB-

Notes: (1) EBITDA from Direct Operations. As of June, 2017, the cash amount is US$156.7 M
(2) Consolidated debt includes: 100% BVN, 100% La Zanja, 100% El Brocal, 100% Huanza 28
(3) Huanzas debt is non recourse to BVN
2017 CAPEX: US$200 240M

Consolidated CAPEX (1) 2016-2017E 2017 Estimated Consolidated Total CAPEX by Asset
In US$ millions

Others
367 5% El Brocal
13%
Uchucchacua
15% San Gabriel
8%
200-240
267
Orcopampa
80-100 6%
La Zanja (US$200 240M)
12%

120-140
100

2016 2017E Tambomayo (2)

41%
Sustaining Growing

Notes: (1) Consolidated Capex includes 100% BVN, 100% La Zanja, 100% El Brocal.
(2) Includes US$ 40 M of mine development 29
Appendix

30
Mining Rights in Cajamarca

31
Buenaventuras Shareholders Structure and Management
Shareholders Structure Management Team

Victor Gobitz CEO

Others
9% Carlos Glvez CFO
Peruvian Pension
Funds (AFPs) Gonzalo Eyzaguirre COO
2%
Institutional Ral Benavides VP of Business Development
Investor & VP of Social and Environmental
Index Funds Alejandro Hermoza
Affairs
Benavides 62%
Family Comptroller and Compliance
Leandro Garca
27% Officer
Gulnara la Rosa General Counsell

Outstanding Shares(1)
253,986,867

Notes: (1) As of June 30, 2017

32
 2Q17 Corporate Presentation

www.buenaventura.com

Investor Relations Contact:

Rodrigo Echecopar, (511) 419-2591 Rodrigo.Echecopar@buenaventura.pe