Buenaventura(US:BVN)2025-05-01 15:22Financial Performance - The company's net income for 1Q25 was US$140 million, compared to US$61 million in 1Q24[4] - The company's cash position is US$648 million and debt is US$862 million, with a leverage ratio of 046x[4] - The company received US$49 million in dividends from Cerro Verde[6] - 1Q25 EBITDA was US$126 million with a 41% margin, compared to US$95 million with a 38% margin in 1Q24[4] Production - Copper production was 122 kton in 1Q25, a 20% increase compared to 102 kton in 1Q24[8] - Gold production was 365 kOz in 1Q25, a 24% decrease compared to 478 kOz in 1Q24[8] - Silver production was 31 Moz in 1Q25, a 21% decrease compared to 37 Moz in 1Q24[8] Costs - Copper All-in Sustaining Cost decreased 83% from 1Q24 to 1Q25[12] San Gabriel Project - The San Gabriel project is 79% complete as of 1Q25[6, 19, 20, 22] - Total CAPEX for San Gabriel as of 1Q25 is US$505 million[17] - The CAPEX for FY25 has been revised to US$220-250 million[17] - The company anticipates the first gold bar from San Gabriel in 4Q25[17, 18, 29] Reserves - Consolidated reserves have been updated as of 2024, with increases of 482 kOz for gold, 61 Moz for silver, and 253 kton for copper compared to 2023[9, 10]