Buenaventura(BVN)

Search documents
Buenaventura(BVN) - 2024 Q1 - Quarterly Report
2024-04-30 12:49
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15b-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2024 Commission File Number 001-14370 COMPANIA DE MINAS BUENAVENTURA S.A.A. (Exact name of registrant as specified in its charter) BUENAVENTURA MINING COMPANY INC. (Translation of registrant's name into English) Republic of Peru (Jurisdiction of incorporation or organization) CARLOS VILLARAN 790 SANTA CATA ...
Is silver more precious in 2024 as gold loses luster?
MarketBeat· 2024-02-19 12:31
Key PointsThe iShares Silver Trust ETF has trailed the SPDR Gold Shares ETF over the past year, but one industry insider says silver may take the lead in 2024.Silver has applications in red-hot industries such as green energy and medical tech.The gold-to-silver ratio, currently high, could drive demand for silver stocks if it indicates undervaluation.5 stocks we like better than iShares Silver TrustThe iShares Silver Trust NYSEARCA: SLV exchange-traded fund has underperformed the SPDR Gold Shares NYSEARCA: ...
Buenaventura Announces Fourth Quarter 2023 Results for Production and Volume Sold per Metal
Businesswire· 2024-02-14 21:30
LIMA, Peru--(BUSINESS WIRE)--Compañía de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced 4Q23 results for production and volume sold. Production per Metal Three Months Ended December 31, 2023 Year Ended December 31, 2023 Year Ended December 31, 2024 Guidance (1) Gold ounces produced El Brocal 6,472 21,103 ...
Buenaventura Comments on call of the General Shareholders' Meeting
Businesswire· 2024-01-25 01:20
LIMA, Peru--(BUSINESS WIRE)--Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, announces that following the conversations held between representatives of the Company and Antofagasta plc (hereinafter, "Antofagasta"), the Board of Directors of the Company has agreed to call a General Shareholders' Meeting to be held on February 22, 2024, to submit for its consideration the partial ame ...
Buenaventura(BVN) - 2023 Q3 - Earnings Call Transcript
2023-10-31 21:57
Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q3 2023 Results Conference Call October 31, 2023 11:00 AM ET Company Participants Gabriel Salas - Investor Relations Leandro Garcia - Chief Executive Officer Daniel Dominguez - Chief Financial Officer Juan Carlos Ortiz - Vice President of Operations Aldo Massa - Vice President of Business Development and Commercial Alejandro Hermoza - Vice President of Sustainability Renzo Macher - Vice President of Projects Juan Carlos Salazar - Geology and Exploration Manag ...
Buenaventura(BVN) - 2023 Q3 - Quarterly Report
2023-10-30 16:00
Financial Performance - Total revenues for Q3 2023 were $211.3 million, an 8% increase from $195.4 million in Q3 2022[11] - Net income for Q3 2023 was a loss of $28.0 million, a 42% increase in losses compared to a loss of $19.8 million in Q3 2022[11] - EBITDA including affiliates for Q3 2023 was $152.7 million, a 95% increase from $78.2 million in Q3 2022[11] - The company reported a significant increase in operating income, with a loss of $29.5 million in Q3 2023 compared to a loss of $20.0 million in Q3 2022, reflecting a 48% increase in losses[11] - The company reported a loss on currency exchange differences of 31,176 in Q3 2023, compared to 27,961 in Q3 2022, indicating increased volatility in foreign exchange[24] - Net income for 3Q23 was reported at -24,498, a decline from -22,487 in 3Q22, while year-to-date net income for 9M23 was 42,953, down from 547,593 in 9M22[24] - Total operating income for the nine-month period ended September 30, 2023, was US$570,044,000, a decrease from US$578,440,000 in the same period of 2022[76] - The company’s attributable net profit for the three-month period ended September 30, 2023, was a loss of US$28,032,000, compared to a loss of US$19,771,000 in the same period of 2022[76] Production Metrics - Gold production in Q3 2023 decreased by 27% year-on-year to 36,228 ounces, while silver production increased by 1% to 1,933,025 ounces[5] - Copper production increased by 55% year-on-year to 18,826 metric tons in Q3 2023[5] - Silver production for the first nine months of 2023 decreased by 34% to 1,317,895 ounces compared to 1,994,565 ounces in the same period of 2022[9] - 3Q23 silver production decreased by 38% year on year due to negative geology reconciliation and decreased treated ore[17] - 3Q23 silver production at El Brocal increased by 90% year on year, aligning with the planned mining sequence for 2023[18] - 3Q23 consolidated copper production increased by 18% YoY to 34,168 MT, while gold production decreased by 22% to 43,449 ounces[35] - Gold production in 3Q23 was 8,127 ounces, a decrease of 41% compared to 13,755 ounces in 2Q23, while 9M23 production was 29,623 ounces, down 29% from 41,973 ounces[47] Cost Metrics - Cost Applicable to Sales (CAS) for gold increased to $1,083 per ounce in Q3 2023, down 37% from $1,710 per ounce in Q3 2022[8] - The average gold price for direct operations in Q3 2023 was $1,921 per ounce, a 14% increase from $1,678 per ounce in Q3 2022[12] - The average silver price in Q3 2023 was $25.67 per ounce, a 48% increase from $17.33 per ounce in Q3 2022[12] - 3Q23 Cost Applicable to Sales (CAS) for silver increased by 89% year on year to 26.09 US$/Oz from 13.80 US$/Oz in 2Q22[17] - Consolidated Cost of sales, excluding depreciation and amortization for Q3 2023 was $136,195,000, an increase of 15% from $118,419,000 in Q3 2022[26] - Total Cost of sales for the first nine months of 2023 reached $342,171,000, slightly up from $337,503,000 in the same period of 2022[26] - The total cost applicable to sales for Q3 2023 was US$204.2 million, compared to US$528.6 million in Q3 2022, marking a decrease of 61.4%[61] Exploration and Capital Expenditures - Exploration expenses in units in operation for Q3 2023 amounted to $12,418,000, down from $20,708,000 in Q3 2022, representing a decrease of 40%[26] - The total exploration expenses for the first nine months of 2023 were $39,051,000, a decrease of 27% compared to $53,629,000 in the same period of 2022[26] - Capital expenditures for 3Q23 were US$ 59.8 million, up from US$ 37.2 million in Q3 2022; 9M23 capital expenditures totaled US$ 145.7 million compared to US$ 93.2 million in 9M22[33] - An additional US$ 40.0 million was invested as advance payment for equipment manufacturing related to the processing plant, which will be reclassified as CAPEX upon equipment arrival[44] Cash Flow and Liquidity - Buenaventura's cash position reached US$ 221.8 million, with net debt decreasing to US$ 493.7 million by the end of 3Q23[33] - The net cash flows from operating activities in Q3 2023 were US$88.2 million, a substantial increase from US$5.6 million in Q3 2022[67] - The company reported a total cash and cash equivalents of US$221.8 million at the end of Q3 2023, compared to US$287.9 million at the end of Q3 2022[67] - Payments to suppliers and third parties decreased to US$104.9 million in Q3 2023 from US$120.9 million in Q3 2022, a reduction of 13.0%[67] Future Outlook - The company is focusing on improving ore grades and recovery rates in future operations[22] - Future outlook includes managing business and liquidity post-COVID-19, with a focus on cost reduction and capital spending adjustments as necessary[45] - The company’s future outlook includes a focus on improving operational efficiency and exploring new market opportunities[77]
Buenaventura(BVN) - 2023 Q2 - Quarterly Report
2023-07-26 16:00
Reconciliation of Costs Applicable to Sales and Cost Applicable to Sales per Unit Sold | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------|-------------|-------------|-------------|-------------| | | | | | | | U c h u c c h a c u a , S i l v e r | 7 , 4 1 3 | 5 , 8 8 3 | 1 3 , 9 3 1 | 8 , 8 1 3 | | U c h u c c h a c u a , L e a d | 0 | 7 8 | 0 | 0 | | U c h u c c h a c u a , Z i n c | 0 | 0 | 0 | 0 | | Ta m b o m a y o , G o l ...
Buenaventura(BVN) - 2022 Q4 - Annual Report
2023-04-30 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...
Buenaventura(BVN) - 2023 Q1 - Quarterly Report
2023-04-30 16:00
FORM 6-K Commission File Number 001-14370 CARLOS VILLARAN 790 SANTA CATALINA, LIMA 13, PERU (Address of principal executive offices) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the month of April 2023 BUENAVENTURA MINING COMPANY INC. (Translation of registrant's name into English) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ____X___ Form 40-F _______ Indicate by check mark if the registrant is s ...
Buenaventura(BVN) - 2023 Q1 - Earnings Call Transcript
2023-04-28 21:41
Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Gabriel Salas - Investor Relations Leandro Garcia - Chief Executive Officer Daniel Dominguez - Chief Financial Officer Juan Carlos Ortiz - Vice President of Operations Renzo Macher - Vice President of Projects Alejandro Hermoza - Vice President of Sustainability Conference Call Participants Carlos De Alba - Morgan Stanley Tanya Jakusconek - Scotiabank Operator Good day, ladies an ...