Bank New York Mellon Corp - BK STOCK NEWS

Buenaventura (NYSE: BVN) reported strong financial results for Q4 and full-year 2024. Q4 EBITDA from direct operations reached US$ 93.4 million, up from US$ 74.0 million in Q4 2023. Full-year EBITDA excluding the Chaupiloma Royalty Company sale was US$ 431.2 million, significantly higher than US$ 199.2 million in 2023.

The company reported Q4 net income of US$ 33.6 million, compared to a US$ 9.8 million loss in Q4 2023. Full-year net income reached US$ 402.7 million, including the Chaupiloma sale. The company ended 2024 with a cash position of US$ 478.4 million and total net debt of US$ 148.3 million.

Production results showed mixed performance with decreases in silver, zinc, lead, and gold output, while copper production increased by 5% YoY. The company received US$ 166.5 million in dividends from Cerro Verde in 2024 and proposed a dividend of US$ 0.2922 per share/ADS.

BNY Alcentra Global Multi-Strategy Credit Fund announced the final results of its oversubscribed quarterly tender offer for up to 2.5% of the Fund's issued and outstanding shares. The tender offer expired on February 18, 2025, and due to oversubscription, shares will be purchased from tendering shareholders on a pro rata basis, after accepting all shares from shareholders who own less than 100 shares and tendered all their holdings.

The purchase price equals 100% of the Fund's net asset value per Share as of December 31, 2024. The Fund is managed by BNY Investment Adviser, part of BNY Investments, which manages $2.0 trillion in assets. BNY has $52.1 trillion in assets under custody/administration as of December 31, 2024.

Cantilever Group has appointed Liz Robinson to its Advisory Board, bringing significant financial services expertise from her 26-year career at Goldman Sachs. During her time at Goldman Sachs, Robinson served as Global Treasurer and Partner, managing the firm's liquidity risk, balance sheet, and capital while co-chairing the Finance Committee and Firmwide Capital Committee.

Robinson currently serves on the boards of The Bank of New York Mellon (NYSE: BK) and The Travelers Companies. Her board experience extends to educational and healthcare institutions, having served as Chairman of the Board of Williams College and as a Trustee for St. Luke's University Health Network and Blair Academy. She holds a degree from Williams College and an MBA from Columbia University's Executive MBA Program.

BNY (NYSE: BK) has announced that Chief Financial Officer Dermot McDonogh will be speaking at the RBC Capital Markets Global Financial Institutions Conference in New York. The presentation is scheduled for March 4, 2025, at 2:00 p.m. ET.

The discussion may include forward-looking statements and material information. Investors can access a live webcast of the audio portion through BNY's investor relations website. An archived version of the presentation will be available approximately 24 hours after the live event and will remain accessible until April 4, 2025.

Buenaventura (NYSE: BVN) has released its Q4 2024 production results and 2025 guidance. Key highlights include:

Total gold production reached 39,362 ounces in Q4 2024, with annual production of 148,683 ounces. Silver production totaled 3.96M ounces in Q4, with annual production of 15.48M ounces. The company produced 14,191 metric tons of copper in Q4, reaching 56,525 metric tons for the full year.

For 2025, Buenaventura projects gold production guidance of 108.5k-129.5k ounces and silver production of 13.8M-15.7M ounces. Notable operational updates include Tambomayo expecting a 40% decrease in throughput, Orcopampa projecting a 45% reduction in annual throughput, and El Brocal achieving 12,500 tpd in underground mining. The San Gabriel project remains on track for production initiation in Q4 2025.

Average realized prices in Q4 2024 were $2,641/oz for gold, $31.17/oz for silver, and $8,883/MT for copper.

Buenaventura (NYSE: BVN) has announced its Fourth Quarter 2024 earnings conference call, scheduled for Friday, February 21, 2025, at 10:00 AM (Eastern/Lima Time). The Q4 results will be released on Thursday, February 20, after market close. CEO Leandro García Raggio and other senior management members will participate in reviewing the company's financial and operating results.

Buenaventura is Peru's largest publicly traded precious and base metals company, operating several mines including Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal, and Coimolache. The company also holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer partnered with Freeport-McMorRan Inc. and Sumitomo

BNY Municipal Bond Infrastructure Fund (NYSE: DMB) has declared a monthly distribution of $0.0300 per share of common stock, maintaining the same rate as January. The distribution is payable on March 3, 2025, to shareholders of record as of February 19, 2025, which is also the ex-dividend date.

The Fund aims to provide regular monthly distributions at a stable rate based on projected performance. While maintaining stable distributions, the Fund may occasionally distribute less than its net investment income, use accumulated undistributed income, or return capital. The distribution policy may change based on market conditions and portfolio performance.

BNY Investment Adviser, the Fund's investment adviser, is part of BNY Investments, which manages $2.0 trillion in assets as of December 31, 2024. The parent company, BNY, oversees $52.1 trillion in assets under custody and/or administration.

Buenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, has successfully issued US$650 million in senior unsecured notes due 2032. The notes bear an interest rate of 6.800% per annum and are fully guaranteed by Inversiones Colquijirca, Procesadora Industrial Río Seco, and Consorcio Energético Huancavelica.

The notes were offered through private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The company plans to use the proceeds to refinance its outstanding 5.500% Senior Notes due 2026 and for general corporate purposes. This transaction aims to strengthen Buenaventura's credit profile and extend debt maturities.

BNY (NYSE: BK) has announced the appointment of Carolyn Weinberg as its new Chief Solutions Innovation Officer, effective February 3. Weinberg, who will join the BNY Executive Committee, comes from BlackRock where she served as Chief Product Innovation Officer, leading global product innovation, development, and commercialization.

CEO Robin Vince emphasized that fostering BNY's culture of innovation and curiosity is essential, highlighting Weinberg's extensive experience in product innovation and development. Weinberg's prior experience includes leadership roles at Citibank and Deutsche Bank, where she developed client solutions across risk management, structured financing, and fixed income derivatives.