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Graña y Montero Announces That Stracon GyM Obtains a Two Year Extension of the Constancia Mine Contract

Friday, September 29, 2017 10:11 pm EDT

Dateline:

LIMA, Peru

Public Company Information:

PE:
GRAMONC1
NYSE:
GRAM
"this extension of the Constancia contract reflects the trust of our client Hudbay in the quality of our services and in the added value that our company provides in terms of safety and sustainability in our operation."

LIMA, Peru--(BUSINESS WIRE)--Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced that STRACON GyM S.A., a subsidiary of Grupo Graña y Montero, has reached an agreement with its client Hudbay Perú S.A.C. to extend its construction contract of the Constancia Mine (Cusco), for an additional period of two years, until the end of 2019.

Under the extension of this construction contract with a value of US$ 40 million, STRACON GyM will continue to provide Hudbay with the earthmoving services necessary for the regrowth of the tailings dam and other projects in the aforementioned copper mine.

Steve Dixon, CEO of STRACON GyM has stated that "this extension of the Constancia contract reflects the trust of our client Hudbay in the quality of our services and in the added value that our company provides in terms of safety and sustainability in our operation.”

STRACON GyM is a mining services company of Grupo Graña y Montero, leader in the Latin American region, which has extensive experience in integrated construction services and mining operations with open pit and underground. With numerous projects successfully developed in the region, it maintains the highest standards of safety, environment and relations with communities.

Contact:

Graña y Montero S.A.A.
Samantha Ratcliffe, 511-213-6573
Head of Investor Relations
samantha.ratcliffe@gym.com.pe
relacion.inversionistas@gym.com.pe
http://investorrelations.granaymontero.com.pe/

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