Compania de Minas Buenaventura Stock Price, News & Analysis

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported 2Q22 results revealing significant financial challenges, including a net loss of US$ 39.9 million compared to a net income of US$ 37.5 million in 2Q21. Total revenues fell 38% year-over-year to US$ 150.1 million. EBITDA from direct operations was US$ -19.1 million, down from US$ 68.5 million. The cash position stood at US$ 326.3 million, with net debt reduced to US$ 416.4 million.

Compañía de Minas Buenaventura S.A.A (NYSE: BVN; Lima Stock Exchange: BUE.LM) will hold its Second Quarter 2022 earnings conference call on July 27, 2022, at 10:00 AM ET. The financial results will be shared on July 26, 2022, after market close. CEO Leandro García Raggio and the senior management team will discuss the company's performance during the call. Buenaventura is Peru's largest publicly traded precious metals company, operating several gold and silver mines in Peru, and holds a significant stake in Sociedad Minera Cerro Verde.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported 2Q22 production results, highlighting variances in metal output compared to prior quarters. Gold production at Orcopampa decreased to 17,749 Oz from 19,031 Oz in 1Q22, whereas Tambomayo's output slightly increased to 14,351 Oz. Silver production saw a decrease at El Brocal, totaling 806,123 Oz, while lead and zinc outputs also reflected declines. The Company updated its production guidance for the year, projecting gold output of 65k-70k Oz and silver output of 3.0M-3.5M Oz.

Compañia de Minas Buenaventura (NYSE: BVN), Peru’s leading public precious metals mining company, filed its Annual Report on Form 20-F with the SEC on May 13, 2022, covering the fiscal year ending December 31, 2021. Investors can access the report through Buenaventura's website. The company, which holds significant mining rights in Peru, operates multiple wholly-owned mines and has a 19.58% stake in the Sociedad Minera Cerro Verde, a notable copper producer in partnership with Freeport-McMoRan and Sumitomo Corporation.

Compañia de Minas Buenaventura (NYSE: BVN) released its 1Q22 results, highlighting significant financial improvements. EBITDA from direct operations surged to US$ 431.9 million, a 989% increase from 1Q21, while net income reached US$ 636.2 million, up 3786%. Capital expenditures rose to US$ 19.9 million, focused on ongoing projects, including San Gabriel and Yumpag. The company reduced its net debt to US$ 771 million and cash on hand increased to US$ 337.4 million. Production guidance will adjust in 2Q22 due to a revised plan impacting silver output.

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 1Q22 production results, revealing significant achievements and areas for concern. Key highlights include gold production at Orcopampa (19,031 Oz) and Tambomayo (13,867 Oz), exceeding guidance, while La Zanja underperformed due to haulage issues. Silver production at El Brocal fell below expectations, primarily from low open-pit grades. A landslide at El Brocal resulted in three fatalities, underlining operational risks. Overall, the company remains focused on growth despite the challenges faced.

Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will hold its First Quarter 2022 earnings conference call on April 29, 2022, at 11:00 AM ET. The results will be released on April 28, 2022, after market close. The call will feature CEO Leandro García Raggio and senior management discussing financial and operational outcomes. Interested participants can access the call via a toll-free number or a live webcast link. Buenaventura, Peru's largest publicly traded precious metals company, operates several mines and holds significant stakes in key mining partnerships.

Compañia de Minas Buenaventura S.A.A (NYSE: BVN; Lima Stock Exchange: BUE.LM) will host its Analyst and Investor Day on June 6, 2022, in New York, NY. The event will feature presentations from CEO Leandro Garcia and senior management, starting with breakfast at 9:30 am ET followed by presentations at 10:00 am. Pre-registration is required for participation. Buenaventura, Peru's largest publicly-traded mining company, specializes in precious and base metals and operates several mines across Peru.

Compañia de Minas Buenaventura S.A.A (NYSE: BVN) announced the approval of the San Gabriel Mine Project permits by the Government of Peru, allowing immediate construction and development. The project aims to double Buenaventura's gold production starting in 2025, contributing 120k-150k ounces annually. Total CAPEX is estimated between US$400M and US$430M, with an investment of US$100M-US$110M in 2022 and US$200M in 2023. The project also emphasizes economic and social benefits for local communities, demonstrating strong local support.