(Kitco News) - Buenaventura S.A.A. (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, announced Friday that political protests throughout Peru, precipitating a nationwide state of emergency announced yesterday, has adversely affected supply routes to mines throughout the country.
Buenaventura said it has recently received confirmation that the entrance to its Julcani and Orcopampa operations has been blocked, adding that the company is therefore taking pre-emptive precautionary measures and has initiated a temporary stoppage of its Julcani and Orcopampa mining operations.
Buenaventura noted it will maintain minimum personnel present at the mine, as is required for essential activities only.
The company said that there has been no damage to Buenaventura's property or assets, and all other Buenaventura mining assets are operating under normal conditions.
"Management continues to actively evaluate developments related to all activities related to its mines, including the effects of blockades as these develop. The company will ensure the financial community remains apprised as developments, and related decisions, unfold," the company said.
Buenaventura S.A.A. is Peru's largest, publicly traded precious and base metals company and a major holder of mining rights in Peru. The company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects.
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