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Compañía de Minas Buenaventura S.A.A. reports recurring developments tied to its Peruvian precious and base metals mining business and its BVN American depositary receipts. News centers on quarterly operating and financial results, production and volume sold by metal, mine-level performance, capital expenditures, liquidity, net debt and earnings conference calls.
The company explores, develops, processes and commercializes gold, silver and other base metals through wholly owned mines and joint venture projects in Peru. Recurring updates reference operations such as Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, San Gabriel, El Brocal and Coimolache, as well as Buenaventura's interest in Sociedad Minera Cerro Verde and related copper concentrate trading activity.
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Compañia de Minas Buenaventura S.A.A (NYSE: BVN), Peru’s leading precious metals mining company, released its 1Q23 production results. Highlights include:
- Gold Production: Orcopampa (19,996 oz), Tambomayo (10,600 oz), Coimolache (6,536 oz), El Brocal (4,421 oz).
- Silver Production: Uchucchacua (0 oz), Yumpag (0 oz), El Brocal (436,678 oz), Tambomayo (394,305 oz), Julcani (417,887 oz).
- Copper Production: El Brocal (12,238 MT).
- Production exceeded expectations at El Brocal; however, silver production at Uchucchacua and Yumpag was halted due to issues. Overall, gold production was aligned with forecasts, while silver and lead experienced temporary setbacks.
Buenaventura aims to recover slower production in upcoming quarters and remains optimistic about 2023 guidance.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will host its First Quarter 2023 earnings conference call on April 28, 2023, at 11:00 AM ET. The company will release its financial results on April 27, 2023, after market close. CEO Leandro García Raggio will participate alongside senior management to discuss the results. Buenaventura is Peru's largest publicly traded precious metals firm, actively engaged in mining, processing, and exploration of gold, silver, and other metals. It operates several mines in Peru and holds a significant share of Sociedad Minera Cerro Verde, a leading copper producer. For participation, dial +1-877-270-2148 in the US or +1-412-902-6510 internationally and access via a provided link for a call-back. A live webcast will also be available.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) has reported strong financial results for 4Q22 and FY22, with a 132% increase in EBITDA from direct operations, reaching US$ 473.1 million for FY22. The company recorded a net income of US$ 602.9 million for FY22, a substantial turnaround from a net loss of US$ 262.8 million in FY21. The cash position improved to US$ 253.9 million as of December 31, 2022. Additionally, FY22 exploration expenditures rose to US$ 80.8 million, supporting a focus on extending the life of mines. Buenaventura is proposing a dividend of US$ 0.073 per share, reflecting its commitment to shareholder value.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) announced its 4Q22 production results, showing a total gold output of 17,535 ounces from Orcopampa, Tambomayo, La Zanja, Coimolache, and El Brocal. For FY22, the annual gold production reached 74,478 ounces. Silver production totaled 877,768 ounces in 4Q22, contributing to an overall FY22 silver output of 3,556,829 ounces. The company provided guidance for 2023, projecting gold production to range between 72,000 to 80,000 ounces and silver output to be between 2.7 million to 3 million ounces, reflecting a robust outlook amid steady operational performance.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) has scheduled its Fourth Quarter 2022 earnings conference call for March 1, 2023, at 9:00 AM ET and will release results on February 28, 2023, after market close. CEO Leandro García Raggio and senior management will participate to discuss key financial and operational results. Buenaventura, Peru's largest publicly traded precious metals company, operates several mines, including Tambomayo and Orcopampa, and holds a 19.58% stake in Sociedad Minera Cerro Verde. For live participation, dial +1-844-282-4460 or use the Call Me Link.