1998 CE
Founding of Volcan Compañía Minera
Volcan Compañía Minera is formed through the merger of several mining units, including Yauliyacu, Andaychagua, and others, consolidating polymetallic operations in Peru. #mining #corporation
Chronological Storyline (40 Milestones)
1999 CE
Start of Integrated Operations
Volcan begins integrated mining and milling operations at its newly consolidated units, focusing on zinc, lead, and silver extraction. #mining #Peru
Jun 15, 2000 CE
IPO on Bolsa de Valores de Lima
Volcan lists its shares on the Bolsa de Valores de Lima (BVL) under the ticker VOLCABC1, raising capital for expansion. #finance #IPO
Sep 1, 2001 CE
Acquisition of Carahuacra Mine
Volcan acquires the Carahuacra mine, expanding its mineral reserves and resource base in the Junín region. #mining #acquisition
Mar 1, 2002 CE
Expansion of Yauliyacu Concentrator
The Yauliyacu concentrator undergoes capacity expansion to increase throughput and recovery of zinc and lead. #mining #technology
Apr 1, 2003 CE
First Dividend Distribution
Volcan declares its first dividend to shareholders, reflecting strong operational performance and cash flow. #finance #dividend
Nov 1, 2004 CE
Acquisition of Alpamarca Mine
Volcan acquires the Alpamarca mine, a silver-rich deposit, strengthening its position in precious metals. #mining #silver
Dec 1, 2005 CE
Record Annual Production
Volcan achieves record annual production of zinc and lead concentrates, driven by operational efficiencies. #mining #production
May 1, 2006 CE
Appointment of New CEO
José Miguel Morales is appointed as CEO, leading the company through a period of expansion and modernization. #leadership #management
Aug 1, 2007 CE
Joint Venture with Doe Run Peru
Volcan forms a joint venture with Doe Run Peru for the development of the Coricancha mine, enhancing processing capabilities. #mining #jointventure
Oct 1, 2008 CE
Impact of Global Financial Crisis
The global financial crisis leads to a sharp decline in metal prices, forcing Volcan to cut costs and adjust production. #finance #crisis
Jun 1, 2009 CE
Recovery and Investment Program
Volcan launches a new investment program to expand operations and reduce costs, benefiting from recovering metal markets. #mining #investment
Feb 1, 2010 CE
Acquisition of Concessions in Huarochirí
Volcan acquires additional mining concessions in the Huarochirí province, expanding its land position. #mining #expansion
Jul 1, 2011 CE
Completion of Yauliyacu Concentrator Expansion
A major expansion of the Yauliyacu concentrator is completed, increasing processing capacity by 30%. #mining #technology
Sep 1, 2012 CE
Community Relations Initiatives
Volcan launches community development programs in adjacent areas to improve social license and reduce conflicts. #CSR #community
Apr 1, 2013 CE
Environmental Permits for New Projects
Volcan obtains environmental permits for the development of the Palma mine, paving the way for future production. #environment #permits
Jan 1, 2014 CE
Sale of Non-Core Assets
Volcan sells its stake in the Rio Seco project to focus on core assets and reduce debt. #divestiture #finance
Aug 1, 2015 CE
Debt Refinancing
Volcan successfully refinances its debt, improving liquidity and extending maturities amid low metal prices. #finance #debt
Mar 1, 2016 CE
Implementation of Data Analytics in Operations
Volcan adopts big data analytics to optimize mining processes and reduce costs. #technology #mining
May 1, 2017 CE
Acquisition of Glencore's Interest in Alpamarca
Volcan acquires Glencore's minority stake in the Alpamarca joint venture, gaining full control. #acquisition #mining
Jun 1, 2018 CE
20th Anniversary Celebrations
Volcan celebrates 20 years of operations, highlighting its growth and contributions to Peruvian mining. #anniversary #Peru
Feb 1, 2019 CE
New Mining Plan for Increased Efficiency
Volcan rolls out a new long-term mining plan aimed at reducing costs and increasing ore recovery. #mining #strategy
Mar 16, 2020 CE
Production Suspension Due to COVID-19
Volcan temporarily suspends operations in compliance with Peru's national lockdown, impacting production. #covid19 #mining
Jun 1, 2020 CE
Resumption of Operations
Volcan gradually resumes operations with strict health protocols, aiming to regain production momentum. #covid19 #recovery
Dec 1, 2020 CE
Full-Year Production Decline
Volcan reports a 20% drop in annual production due to pandemic disruptions, but maintains profitability through cost cuts. #production #finance
May 1, 2021 CE
Strong Metal Prices Boost Revenue
Soaring zinc and silver prices help Volcan post record quarterly revenues. #metals #finance
Sep 1, 2021 CE
Expansion of Tailings Storage Facility
Volcan completes an expansion of its tailings storage facility to support increased production. #infrastructure #mining
Mar 1, 2022 CE
New CEO Appointment: Fernando Ganoza
Fernando Ganoza assumes the role of CEO, succeeding José Miguel Morales, with a focus on sustainability and innovation. #leadership #change
Jul 1, 2022 CE
Launch of Sustainability Roadmap
Volcan unveils a comprehensive sustainability roadmap targeting reduced emissions and enhanced community engagement. #sustainability #ESG
Feb 1, 2023 CE
Record Silver Production
Volcan achieves record silver production, driven by higher grades and improved recovery at the Alpamarca mine. #silver #production
Oct 1, 2023 CE
Acquisition of Minera Huallanca
Volcan acquires Minera Huallanca, adding copper-gold assets to its portfolio. #acquisition #mining
Jan 1, 2024 CE
BVL Listing of New Shares
Volcan issues new shares on the BVL to fund expansion projects, increasing free float. #finance #stockmarket
Jun 1, 2024 CE
Partnership with Renewable Energy Provider
Volcan signs a long-term power purchase agreement with a wind energy provider to reduce carbon footprint. #renewableenergy #sustainability
Sep 1, 2024 CE
Digital Transformation Initiative
Volcan launches a digital transformation initiative incorporating AI and IoT for operational efficiency. #technology #digital
Feb 1, 2025 CE
Permit Approval for New Tailings Dam
Volcan receives regulatory approval for a new tailings dam, enabling future capacity expansion. #regulation #environment
May 1, 2025 CE
Dividend Increase Announced
Volcan announces a 15% increase in its annual dividend, reflecting strong cash flow and shareholder returns. #dividend #finance
Aug 1, 2025 CE
Exploration Discovery at San Cristóbal
Volcan announces a significant silver-zinc discovery at its San Cristóbal prospect, increasing resource estimates. #exploration #mining
Jan 1, 2026 CE
Inclusion in BVL Sustainability Index
Volcan is added to the BVL Sustainability Index, recognizing its social and environmental performance. #sustainability #index
Apr 1, 2026 CE
Expansion of Zinc Production Capacity
Volcan completes the expansion of its zinc production capacity by 25% through debottlenecking and new equipment. #zinc #expansion
Nov 1, 2026 CE
Appointment of First Female Director
Volcan appoints its first female director to the board, enhancing gender diversity in leadership. #diversity #governance