Compania de Minas Buenaventura Stock Price, News & Analysis

Buenaventura, Peru's largest publicly-traded precious metals mining company, reported strong financial results for Q1 2025. The company's net income more than doubled to $147.0 million compared to $67.1 million in Q1 2024. EBITDA from direct operations reached $126.3 million, up from $94.5 million year-over-year.

Key operational highlights include increased consolidated silver production by 0.6M Oz YoY due to Yumpag's full-scale operation. However, gold production declined 24% YoY, while copper production decreased 21%. The San Gabriel project achieved 79% overall progress.

The company's financial position remains solid with a $648.0 million cash position and $213.9 million net debt, resulting in a 0.46x leverage ratio. Notable improvements in reserves include increases of 482 Koz in gold, 61 Moz in silver, and 253K tonnes in copper. Buenaventura also received $49 million in dividends from its Cerro Verde stake.

Buenaventura (NYSE: BVN), Peru's largest publicly traded precious and base metals company, has scheduled its First Quarter 2025 earnings conference call for Thursday, May 01, 2025, at 10:00 AM ET (9:00 AM Lima Time). CEO Leandro García Raggio and senior management will discuss Q1 2025 financial and operating results, which will be released on Wednesday, April 30, after market close.

Buenaventura operates several mines in Peru, including Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal, and Coimolache. The company also holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer, in partnership with Freeport-McMorRan Inc. and Sumitomo

Buenaventura (NYSE: BVN) has released its Q1 2025 production and sales results. The company's total gold production including associated operations reached 31,483 ounces, against a 2025 guidance of 122.6k-144.4k ounces. Silver production totaled 3.5M ounces, with Yumpag being the largest contributor at 2.2M ounces.

Notable operational highlights include Tambomayo exceeding gold and silver projections due to higher ore volumes, while Uchucchacua faced challenges with lead and zinc output falling below guidance due to lower grades. The company achieved strong average realized prices: Gold at $2,943/oz, Silver at $32.22/oz, and Copper at $9,292/MT.

Yumpag demonstrated exceptional performance, surpassing Q1 projections through access to high-grade stopes. El Brocal maintained steady copper and gold production, with silver outperforming guidance due to strategic mining of high-silver content blocks.

Buenaventura (NYSE: BVN) reported strong financial results for Q4 and full-year 2024. Q4 EBITDA from direct operations reached US$ 93.4 million, up from US$ 74.0 million in Q4 2023. Full-year EBITDA excluding the Chaupiloma Royalty Company sale was US$ 431.2 million, significantly higher than US$ 199.2 million in 2023.

The company reported Q4 net income of US$ 33.6 million, compared to a US$ 9.8 million loss in Q4 2023. Full-year net income reached US$ 402.7 million, including the Chaupiloma sale. The company ended 2024 with a cash position of US$ 478.4 million and total net debt of US$ 148.3 million.

Production results showed mixed performance with decreases in silver, zinc, lead, and gold output, while copper production increased by 5% YoY. The company received US$ 166.5 million in dividends from Cerro Verde in 2024 and proposed a dividend of US$ 0.2922 per share/ADS.

Buenaventura (NYSE: BVN) has released its Q4 2024 production results and 2025 guidance. Key highlights include:

Total gold production reached 39,362 ounces in Q4 2024, with annual production of 148,683 ounces. Silver production totaled 3.96M ounces in Q4, with annual production of 15.48M ounces. The company produced 14,191 metric tons of copper in Q4, reaching 56,525 metric tons for the full year.

For 2025, Buenaventura projects gold production guidance of 108.5k-129.5k ounces and silver production of 13.8M-15.7M ounces. Notable operational updates include Tambomayo expecting a 40% decrease in throughput, Orcopampa projecting a 45% reduction in annual throughput, and El Brocal achieving 12,500 tpd in underground mining. The San Gabriel project remains on track for production initiation in Q4 2025.

Average realized prices in Q4 2024 were $2,641/oz for gold, $31.17/oz for silver, and $8,883/MT for copper.

Buenaventura (NYSE: BVN) has announced its Fourth Quarter 2024 earnings conference call, scheduled for Friday, February 21, 2025, at 10:00 AM (Eastern/Lima Time). The Q4 results will be released on Thursday, February 20, after market close. CEO Leandro García Raggio and other senior management members will participate in reviewing the company's financial and operating results.

Buenaventura is Peru's largest publicly traded precious and base metals company, operating several mines including Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal, and Coimolache. The company also holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer partnered with Freeport-McMorRan Inc. and Sumitomo

Buenaventura (NYSE: BVN) has successfully completed the settlement of its cash tender offer for its 5.500% Senior Notes due 2026. The tender offer, which expired on January 29, 2025, resulted in valid tenders of US$401,392,000 in aggregate principal amount of Notes, representing approximately 72.98% of outstanding Notes.

The company made payments to noteholders who validly tendered their Notes or delivered a Notice of Guaranteed Delivery, offering US$1,000 per US$1,000 principal amount, plus accrued and unpaid interest. The tender offer was managed by Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities as dealer managers.

Buenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, has successfully issued US$650 million in senior unsecured notes due 2032. The notes bear an interest rate of 6.800% per annum and are fully guaranteed by Inversiones Colquijirca, Procesadora Industrial Río Seco, and Consorcio Energético Huancavelica.

The notes were offered through private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The company plans to use the proceeds to refinance its outstanding 5.500% Senior Notes due 2026 and for general corporate purposes. This transaction aims to strengthen Buenaventura's credit profile and extend debt maturities.

Buenaventura (NYSE: BVN) announced the expiration of its cash tender offer for its 5.500% Senior Notes due 2026. At the expiration time on January 29, 2025, valid tenders were received for US$400,601,000 in aggregate principal amount, representing approximately 72.84% of outstanding Notes. Additional Notices of Guaranteed Delivery were submitted for US$850,000 in principal amount (0.15% of outstanding Notes).

Subject to conditions, Buenaventura expects to make payment on February 4, 2025, offering US$1,000 per US$1,000 principal amount of Notes, plus accrued and unpaid interest. Holders who validly tendered Notes or submitted Notices of Guaranteed Delivery must complete the process by January 31, 2025, to be eligible for payment.