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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.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has announced that road blockades near its Julcani and Orcopampa mines have been lifted, allowing operations to resume normally. There was no damage to company assets, enabling Buenaventura to maintain its 2022 production guidance. The firm is Peru's largest publicly traded precious metals mining company, involved in the exploration and mining of gold and silver through wholly-owned mines and joint ventures. Buenaventura also holds a significant stake in Sociedad Minera Cerro Verde, a key Peruvian copper producer.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) reports that ongoing political protests in Peru have led to a nationwide state of emergency, impacting supply routes to its mines. While there has been no damage to Buenaventura's properties, the Julcani and Orcopampa operations have been temporarily halted due to blockades. The company reassures that on-site operations are functioning normally and maintains adequate supply coverage. Management is continuously monitoring the situation and will keep the financial community informed of developments.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported its 3Q22 results, revealing an EBITDA of US$ 22.2 million, down 44% year-on-year. Despite a net loss of US$ 19.8 million, an improvement from US$ 91.9 million in 3Q21, operating cash flow improved to US$ 16.1 million compared to a major loss in the previous year. Total revenues fell 11% to US$ 195.4 million. Capital expenditures rose 55% to US$ 37.2 million. Cash position was robust at US$ 288 million, with net debt decreasing to US$ 448.1 million.
Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will hold its Third Quarter 2022 earnings call on October 28, 2022, at 11:00 AM ET. The results will be announced on October 27, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Buenaventura is Peru's largest publicly traded precious metals company, engaged in mining and processing gold and silver. The company owns several mines in Peru and holds a significant stake in Sociedad Minera Cerro Verde, a leading copper producer.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has reported its 3Q22 production results, reflecting robust operations across multiple metals. Gold production increased from 17,749 ounces in 2Q22 to 20,164 ounces in 3Q22 for Orcopampa. Overall, the company's updated guidance suggests a total gold production target of between 70,000 to 75,000 ounces for 2022. Silver and zinc also saw steady production, with El Brocal producing 813,272 ounces of silver in 3Q22. The outlook remains positive, with projected increases across several metal categories.
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.