Compania de Minas Buenaventura Stock Price, News & Analysis

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 2Q21 production results, indicating strong performance in gold and silver outputs. Key stats include:

• Gold production totaled 9,130 oz from Orcopampa, 17,964 oz from Tambomayo, and 66,563 oz from Yanacocha.
• Silver output reached 1,268,082 oz from Uchucchacua and 1,603,208 oz from El Brocal.
• Updated 2021 guidance includes gold targets of 40k-45k oz for Orcopampa and 315k oz for Yanacocha.
• For silver, the company expects 6.0M-7.0M oz from Uchucchacua.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has successfully issued senior unsecured notes totaling US$550 million due in 2026 with a 5.500% coupon rate. The notes are guaranteed by several subsidiaries and were offered to qualified institutional buyers under Rule 144A and outside the US under Regulation S. CEO Leandro Garcia stated that proceeds will fully prepay a claim with SUNAT, enhancing the Company's credit profile, extending maturities, and reducing financing costs. This issuance reflects investor confidence in Buenaventura and Peru’s economic recovery.

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) is scheduled to hold its Second Quarter 2021 earnings conference call on August 3, 2021, at 10:00 AM Eastern Time. The results will be disclosed on August 2, 2021, after market close. The call will include insights from CEO Leandro García Raggio and the senior management team. Buenaventura is Peru's largest publicly traded precious metals company, involved in mining and processing gold, silver, and other metals, with significant stakes in major mining operations.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2020. The report includes the Company’s audited financial statements and is accessible on its website or the SEC's site. Buenaventura is Peru's largest publicly-traded precious metals company, actively engaged in mining, processing, and exploration of precious metals, operating various mines in Peru and holding significant stakes in other mining operations.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported a significant turnaround for 1Q21. EBITDA from direct operations soared to US$ 38.2 million, recovering from a loss of US$ 6.7 million in 1Q20. Adjusted EBITDA, including associated companies, jumped 508% to US$ 182.9 million, while net income reached US$ 16.4 million, rebounding from a net loss of US$ 68.6 million in the prior year. The company enhanced exploration spending to US$ 9.3 million, up from US$ 6.0 million in 2020. Buenaventura's cash position stood at US$ 225.4 million.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) reported its 1Q21 production results, showcasing robust output across various metals. Total gold production reached 119,569 ounces, aligning with their 2021 guidance of 40k - 45k for Orcopampa and 315k for Yanacocha. Silver production was notably high at 1,243,916 ounces from Uchucchacua. Additionally, the company produced 10,207 MT of zinc and 7,687 MT of copper from El Brocal. These figures indicate consistent operational performance and adherence to production targets in the competitive precious metals sector.

Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will host its First Quarter 2021 earnings conference call on April 30, 2021 at 10:00 AM ET. The call will feature CEO Leandro García Raggio and senior management discussing financial and operational results, which will be released on April 29, 2021, after market close. Interested participants can join via toll-free calls or a live webcast, with a replay available for 7 days. Buenaventura operates multiple mines in Peru and holds significant stakes in major mining partnerships.

Buenaventura (NYSE: BVN; Lima: BUE) reported mixed results for 4Q20 and FY20. The company experienced a net loss of US$ 60 million, worsening from a loss of US$ 53.7 million in 4Q19. In contrast, Adjusted EBITDA rose to US$ 192.4 million, up 5% from 4Q19. Total revenues increased slightly to US$ 236.1 million, remaining stable compared to 4Q19. However, FY20 revenues declined by 22% to US$ 676.5 million. Capital expenditures decreased slightly to US$ 38 million. The company's cash position improved to US$ 235.4 million, with no mine-related fatalities reported in 2020.

Compañia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) reported its 4Q20 production results and 2021 guidance. In 4Q20, gold production reached 15,699 ounces, and silver production was 477,127 ounces, contributing to total FY20 gold production of 63,477 ounces, below the revised guidance of 70k-74k ounces. The company anticipates improvements in 2021, with gold guidance set between 69k-75k ounces and silver guidance at 1.2M-1.4M ounces. Notably, production may be adversely impacted by potential COVID-19 effects.