UPDATE 1-Buenaventura says 3rd-qtr profit jumps 48 percent

(Recasts, adds more details, comments from company)

LIMA Oct 29 (Reuters) - Peruvian precious metals miner Buenaventura (BUEv.LM) (BVN.N) said on Thursday its third-quarter net profit rose 48 percent from the same period a year ago because of higher gold sales and contributions from mines it does not operate directly.

The company said net profit rose to $148.5 million in the quarter, compared to $100.6 million last year.

"Higher gold sales revenues, in addition to the 67 percent increase in contributions from Yanacocha and Cerro Verde, positively impacted Buenaventura's results," the company said in a statement.

Besides the mines it operates directly, Buenaventura holds minority stakes in Yanacocha -- one of Latin America's largest gold mines -- and Cerro Verde (CVE.LM), a major copper pit.

The company said total revenues in the third quarter rose 11 percent to $230.9 million, from the same period a year ago.

The average price Buenaventura got for gold, including Yanacocha, rose 11 percent to $968 an ounce in the third quarter from a year ago, while silver prices increased 2 percent and copper plummeted 22 percent.

Gold output in the quarter, including Yanacocha, rose 15 percent to 346,128 ounces. Lead and zinc productions fell 22 percent and 3 percent, respectively, while silver and copper outputs, including Cerro Verde, also dropped.

Peru, the world's sixth-largest producer of gold and third-largest copper producer, leads the world in silver output. (Reporting by Dana Ford; Editing by David Gregorio)