Buenaventura(BVN)

Search documents
Buenaventura(BVN) - 2022 Q2 - Earnings Call Transcript
2022-07-27 18:52
CompañÃa de Minas Buenaventura S.A.A. (NYSE:BVN) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Gabriel Salas - IR Leandro Garcia - CEO Daniel Dominguez - CFO Juan Carlos Ortiz - VP, Operations Renzo Macher - Project Manager Juan Carlos Salazar - Geology & Exploration Manager Roque Benavides - Chairman Raul Benavides - Director Conference Call Participants Jens Spiess - Morgan Stanley Tanya Jakusconek - Scotiabank Operator Good day, ladies and gentlemen, and welcome to the C ...
Buenaventura(BVN) - 2022 Q2 - Earnings Call Presentation
2022-07-27 15:42
BUENAVENTURA SecondQuarter 2022 Results Conference Call NYSE Cautionary Statement: BVN 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; production volumes; current expectations on the timing, extent and success of exploration; development and metallurgical sampling activities, the timing and success of minin ...
Buenaventura(BVN) - 2021 Q4 - Annual Report
2022-05-12 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, 2021 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) - 2022 Q1 - Earnings Call Transcript
2022-04-29 19:19
Financial Data and Key Metrics Changes - First quarter 2022 EBITDA from direct operations reached $431.9 million, a significant increase from $39.7 million in the first quarter of 2021, largely due to a $300 million gain from the sale of Buenaventura's stake in Yanacocha [8] - First quarter 2022 net income was $636.2 million, compared to $16.4 million for the same period in 2021 [9] - Cash position as of March 31, 2022, was $337.4 million, with net debt reduced to $771 million, achieving a net debt to EBITDA ratio of 1.71 times [11] Business Line Data and Key Metrics Changes - Exploration expenditures increased to $14 million in Q1 2022 from $9.3 million in Q1 2021, aligning with the company's focus on exploration [10] - Capital expenditures in Q1 2022 were $19.9 million, up from $13 million in the same period last year [10] Market Data and Key Metrics Changes - Total revenues for the first quarter were $233 million, a 27% increase compared to Q1 2021 [17] - Total gold attributable production in Q1 2022 was 49,000 ounces, a 31% increase year-over-year, while silver production decreased by 42% to 2 million ounces due to the suspension of operations at Uchucchacua [19] Company Strategy and Development Direction - The company is committed to deleveraging, having fully paid a $275 million syndicate loan and canceled $50 million of its revolving facility [12] - The San Gabriel Mine Project received government approval for all required permits, allowing immediate commencement of construction [13] Management's Comments on Operating Environment and Future Outlook - Management indicated that the 2022 production guidance will be updated in Q2 2022 due to a new mine plan for El Brocal, expecting a decrease in silver production of 1 million to 1.5 million ounces for the full year [13] - Management emphasized the importance of health and safety for workers and the commitment to social responsibility, achieving 92% fulfillment of social commitments [15] Other Important Information - COVID-related expenses in Q1 2022 were $5.3 million, down from $11.7 million in Q1 2021, with estimates for 2022 between $12 million and $14 million [11] - The company is focusing on ESG initiatives, including responsible water management and renewable energy usage [15] Q&A Session Summary Question: Can you provide more details on El Brocal and the revised mining plan? - The revised mining plan was necessitated by a landslide in March, which will delay production by approximately 1.1 million to 1.5 million ounces of silver into 2023, with additional costs estimated at $3 million to $4 million for remediation [26][28][30] Question: Why was there no adjustment to the copper and base metal guidance? - The guidance for copper remains unchanged as the underground mine, which accounts for 95% of copper production, was not impacted by the landslide [36][37] Question: What are the critical milestones for the San Gabriel project? - The first milestone is to reach the foundation level of the plant by the end of 2022, with commercial production expected in the second half of 2025 [48][49] Question: Any updates on dividends from Cerro Verde? - The company expects to receive close to $30 million in dividends related to 2021 results, with additional dividends anticipated in the second half of the year [50]
Buenaventura(BVN) - 2022 Q1 - Quarterly Report
2022-03-30 16:00
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 March 2022 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 CATALIN ...
Buenaventura(BVN) - 2021 Q4 - Earnings Call Presentation
2022-02-27 17:37
BUENAVENTURA FourthQuarter 2021 Results Conference Call NYSE Cautionary Statement: BVN | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Buenaventura(BVN) - 2021 Q4 - Earnings Call Transcript
2022-02-25 20:16
Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q4 2021 Earnings Conference Call February 25, 2022 9:00 AM ET Company Participants Gabriel Salas - Investor Relations Leandro Garcia - Chief Executive Officer Juan Carlos Salazar - Geology & Explorations Manager Daniel Dominguez Vera - Vice President of Finance & Administration & Chief Financial Officer Aldo Masa - Vice President of Business Development & Commercial Juan Carlos - Vice President of Operations Renzo Macher - Project Manager Conference Call Part ...
Buenaventura(BVN) - 2021 Q3 - Earnings Call Transcript
2021-10-29 20:07
CompañÃa de Minas Buenaventura S.A.A. (NYSE:BVN) Q3 2021 Earnings Conference Call October 29, 2021 10:00 AM ET Company Participants Gabriel Salas - IR Leandro Garcia - CEO Juan Carlos Ortiz - VP of Operations Daniel Dominguez - CFO Conference Call Participants Tanya Jakusconek - Scotiabank Operator Good morning, ladies and gentlemen. Welcome to the CompañÃa de Minas Buenaventura Third Quarter 2021 Earnings Call. At this time, all participants will be in a listen-only mode. And please note that this call is ...
Buenaventura(BVN) - 2021 Q2 - Earnings Call Transcript
2021-08-04 04:09
CompañÃa de Minas Buenaventura S.A.A. (NYSE:BVN) Q2 2021 Earnings Conference Call August 3, 2021 10:00 AM ET Company Participants Gabriel Salas – Investor Relations Leandro Garcia – Chief Executive Officer Juan Carlos Ortiz – Vice President of Operations Daniel Dominguez – Chief Financial Officer Roque Benavides – Chairman Conference Call Participants Carlos De Alba – Morgan Stanley Tanya Jakusconek – Scotiabank Operator Good day, ladies and gentlemen. Welcome to the CompañÃa de Minas Buenaventura Second Qu ...
Buenaventura(BVN) - 2021 Q1 - Earnings Call Transcript
2021-04-30 19:05
Compania de Minas Buenaventura SAA (NYSE:BVN) Q1 2021 Earnings Conference Call April 30, 2021 10:00 AM ET Company Participants Rodrigo Echecopar - Head, IR Leandro Garcia - CEO Roque Benavides - Chairman Daniel Dominguez - CFO Renzo Macher - Project Manager Conference Call Participants Carlos De Alba - Morgan Stanley Tanya Jakusconek - Scotiabank Operator Good day, ladies and gentlemen, and welcome to the Compania de Minas Buenaventura First Quarter 2021 Earnings Conference Call. [Operator Instructions]. Pl ...