4Q24 Earnings Results Conference Call 109 149 130 FY24 FY25E 13.8 15.5 15.7 FY24 FY25E 55 57 60 FY24 FY25E $330M $355M- Maintenance ~$135M San Gabriel ~$180M Growth ~$30M +6% +1% -13% Kton-Cu MOz-Ag kOz-Au CAPEX Copper Silver Gold 4 Cautionary Statement This presentation contains certain information that may constitute forward-looking information under applicable U.S. securities legislation, including but not limited to information about costs applicable to sales, general and administrative expenses; produc ...

Core Viewpoint - Markets are experiencing volatility due to escalating tariff concerns and stagnant interest rates, making value investing a strategic approach to identify fundamentally strong stocks trading below their intrinsic value [1] Earnings Yield Analysis - Earnings yield is calculated as annual earnings per share (EPS) divided by market price, serving as a measure of anticipated return from earnings for each dollar invested [3] - A higher earnings yield indicates a stock may be undervalued, while a lower yield suggests it may be overpriced [3] - Earnings yield can be compared to prevailing interest rates, such as the 10-year Treasury yield, to assess relative value against fixed-income securities [4] Investment Strategy - A screening criterion of an earnings yield greater than 10% is established, supplemented by additional parameters such as estimated EPS growth and average daily trading volume [6][7] - Stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) are expected to outperform peers in various market conditions [8] Selected Stocks - **Dana Incorporated (DAN)**: Expected 2025 earnings growth of 79%, with a recent EPS estimate increase of $0.20, Zacks Rank 1, Value Score A [9] - **Ingevity Corporation (NGVT)**: Anticipated 2025 earnings growth of 62%, with a $1 increase in EPS estimates, Zacks Rank 1, Value Score B [10] - **Compania de Minas Buenaventura S.A.A. (BVN)**: Projected 2025 earnings growth of 30.5%, with a $0.03 increase in EPS estimates, Zacks Rank 1, Value Score B [11] - **Noble Corporation (NE)**: Expected 2025 earnings growth of 22%, with an $0.08 increase in EPS estimates, Zacks Rank 1, Value Score A [12] - **Suzano S.A. (SUZ)**: Anticipated 2025 earnings growth of 395%, with a $0.21 increase in EPS estimates, Zacks Rank 1, Value Score A [13]

Core Viewpoint - Compañía de Minas Buenaventura S.A.A. has successfully completed a cash tender offer for its outstanding 5.500% Senior Notes due 2026, with a significant participation rate of approximately 72.98% of the total notes outstanding [1][2]. Group 1: Tender Offer Details - The tender offer expired on January 29, 2025, at 5:00 p.m. New York City time, with valid tenders received for US$401,392,000 in aggregate principal amount of notes [2]. - Holders of the notes who validly tendered their notes will receive US$1,000 per US$1,000 principal amount of notes, plus accrued and unpaid interest from the last interest payment date to the settlement date [3]. - The complete terms and conditions of the tender offer are detailed in the Offer to Purchase and the Notice of Guaranteed Delivery, which are available through the designated tender agent [3]. Group 2: Management and Contact Information - Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities LLC have been engaged as dealer managers for the tender offer [3]. - Inquiries regarding the terms of the tender offer can be directed to the dealer managers via provided contact numbers [3].

Core Viewpoint - Compañía de Minas Buenaventura S.A.A. has announced the expiration of its cash tender offer for its outstanding 5.500% Senior Notes due 2026, with a significant portion of the notes being tendered by the expiration time [1][2]. Group 1: Tender Offer Details - The tender offer expired on January 29, 2025, with valid tenders received for US$400,601,000 in aggregate principal amount of notes, representing approximately 72.84% of the outstanding notes [2]. - Notices of Guaranteed Delivery were submitted for US$850,000 in aggregate principal amount of notes, approximately 0.15% of the outstanding notes [2]. - Holders of notes must validly tender their notes by January 31, 2025, to participate in the tender offer under the Guaranteed Delivery Procedures [2][3]. Group 2: Payment and Settlement - Buenaventura expects to accept and make payment on February 4, 2025, for all notes validly tendered and not withdrawn by the specified deadlines [3]. - Eligible holders will receive US$1,000 per US$1,000 principal amount of notes, plus accrued and unpaid interest from the last interest payment date to the settlement date [4]. Group 3: Final Results and Communication - The final principal amount of notes purchased will be announced in a press release after the settlement date [5]. - Interested parties can obtain the complete terms and conditions of the tender offer from the designated tender agent and information agent [5].

Tender Offer Details - Compañía de Minas Buenaventura SAA announced a cash tender offer for its outstanding 5.500% Senior Notes due 2026, with a principal amount of US$550,000,000 [1] - The purchase price is set at US$1,000 for each US$1,000 principal amount of Notes, plus accrued interest up to the settlement date [1] - The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on January 29, 2025, unless extended or terminated earlier [2] Conditions and Procedures - The Tender Offer is subject to certain conditions, including the completion of a new notes offering to provide sufficient funds for the tender [3] - Holders can withdraw their tendered Notes at any time before the Withdrawal Deadline, which is also 5:00 p.m., New York City time, on January 29, 2025 [2] - Settlement is expected to occur on the fourth business day following the Expiration Time, unless the Tender Offer is terminated earlier [5] Additional Rights and Options - The company reserves the right to extend, waive conditions, terminate, or amend the Tender Offer at its discretion [3] - After the Expiration Time, the company may redeem or purchase any remaining Notes through various methods, including open market purchases or private transactions [4] Agent and Manager Information - D.F. King & Co., Inc. is the tender agent and information agent for the Tender Offer, providing access to the Offer to Purchase and Notice of Guaranteed Delivery [7] - Banco BTG Pactual S.A. – Cayman Branch and J.P. Morgan Securities LLC are the dealer managers for the Tender Offer, handling inquiries related to the terms [8]

Company Overview - Compañía de Minas Buenaventura S.A.A. (BVN) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the March 21, 2025 $8 Call option [1] - The company is currently ranked 1 (Strong Buy) in the Mining – Silver industry, which is in the top 2% of Zacks Industry Rank [3] Market Expectations - High implied volatility indicates that the market anticipates a substantial price movement for Buenaventura Mining shares, potentially due to an upcoming event that could lead to a significant rally or sell-off [2][3] - Over the last 60 days, earnings estimates for the current quarter have decreased from 27 cents per share to 20 cents, with no analysts increasing their estimates during this period [3] Trading Strategies - The high implied volatility may present trading opportunities, as seasoned options traders often seek to sell premium on options with such volatility, hoping that the underlying stock does not move as much as expected by expiration [4]

Group 1 - Buenaventura (BVN) is a stock in the Basic Materials group that has shown strong performance, with a year-to-date return of approximately 11.9%, outperforming the sector average loss of about 7.8% [4] - The Zacks Rank for Buenaventura is 1 (Strong Buy), indicating a positive outlook, with the consensus estimate for full-year earnings having increased by 19% in the past quarter [3] - Buenaventura is part of the Mining - Silver industry, which has gained an average of 27.2% this year, although BVN is slightly underperforming its industry [5] Group 2 - The Basic Materials group consists of 235 companies and currently ranks 11 within the Zacks Sector Rank, which measures the strength of individual sector groups [2] - Another stock in the Basic Materials sector, Gold Royalty Corp. (GROY), has also outperformed the sector with a year-to-date return of 0.8% and has seen a 500% increase in its consensus EPS estimate over the past three months [4][5] - The Mining - Gold industry, to which Gold Royalty Corp. belongs, is ranked 79 and has moved up by 16.1% this year [6]

Core Insights - The article discusses the investment strategies and achievements of Paul Franke, a seasoned investor with 38 years of trading experience, highlighting his unique stock selection style and methodologies [1]. Group 1: Investment Strategies - Paul Franke employs a contrarian stock selection style, utilizing daily algorithm analysis of fundamental and technical data to identify investment opportunities [1]. - His system, named "Victory Formation," focuses on supply/demand imbalances indicated by specific stock price and volume movements [1]. - Franke recommends a diversified approach, suggesting investors hold at least 50 well-positioned stocks to achieve regular outperformance in the stock market [1]. Group 2: Specific Investment Focus - The "Bottom Fishing Club" articles target deep-value candidates or stocks that are experiencing significant upward technical momentum reversals [1]. - The "Volume Breakout Report" articles analyze positive trend changes supported by strong price and volume trading actions [1].

Shares of Buenaventura (BVN) have gained 4.1% over the past four weeks to close the last trading session at $12.83, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $16.50 indicates a potential upside of 28.6%.The mean estimate comprises three short-term price targets with a standard deviation of $1.80. While the lowest estimate of $15 indicates a 16.9% increase from the current ...

Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the ...