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Compañia de Minas Buenaventura S.A. (BVN) is a leading precious metals company based in Peru. Specializing in the mining and exploration of gold, silver, and other valuable metals, Buenaventura has established itself as a significant player in the mining industry. The company boasts extensive experience in mine exploration, development, construction, and operation activities across various mining sites.
Established with a commitment to sustainable mining practices and economic development, Buenaventura operates several key mining projects in Peru. Their portfolio includes renowned mines such as Orcopampa, Uchucchacua, and El Brocal. These sites produce a substantial amount of gold and silver, contributing significantly to the company's revenue and the local economy.
One of Buenaventura's recent achievements is the successful expansion of the Orcopampa mine, which has led to increased production capacity and improved operational efficiency. The company also engages in various exploration projects to discover new mineral reserves and ensure long-term growth.
Financially, Buenaventura has shown resilience and strategic management, maintaining a strong balance sheet and securing partnerships that enhance its capabilities and market reach. The company collaborates with notable names in the mining sector to leverage technology and expertise, ensuring optimal extraction and processing of minerals.
Buenaventura is also committed to corporate social responsibility, focusing on environmental sustainability, community development, and employee welfare. The company implements rigorous safety standards and environmental policies to minimize its ecological footprint and promote sustainable development in the regions where it operates.
Investors and stakeholders can stay updated with the latest news and developments through the company's official channels, which regularly provide insights into performance metrics, project updates, and financial reports. Buenaventura's dedication to transparency and communication ensures that all relevant information is accessible and clear.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) has reported strong financial results for 4Q22 and FY22, with a 132% increase in EBITDA from direct operations, reaching US$ 473.1 million for FY22. The company recorded a net income of US$ 602.9 million for FY22, a substantial turnaround from a net loss of US$ 262.8 million in FY21. The cash position improved to US$ 253.9 million as of December 31, 2022. Additionally, FY22 exploration expenditures rose to US$ 80.8 million, supporting a focus on extending the life of mines. Buenaventura is proposing a dividend of US$ 0.073 per share, reflecting its commitment to shareholder value.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) announced its 4Q22 production results, showing a total gold output of 17,535 ounces from Orcopampa, Tambomayo, La Zanja, Coimolache, and El Brocal. For FY22, the annual gold production reached 74,478 ounces. Silver production totaled 877,768 ounces in 4Q22, contributing to an overall FY22 silver output of 3,556,829 ounces. The company provided guidance for 2023, projecting gold production to range between 72,000 to 80,000 ounces and silver output to be between 2.7 million to 3 million ounces, reflecting a robust outlook amid steady operational performance.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) has scheduled its Fourth Quarter 2022 earnings conference call for March 1, 2023, at 9:00 AM ET and will release results on February 28, 2023, after market close. CEO Leandro García Raggio and senior management will participate to discuss key financial and operational results. Buenaventura, Peru's largest publicly traded precious metals company, operates several mines, including Tambomayo and Orcopampa, and holds a 19.58% stake in Sociedad Minera Cerro Verde. For live participation, dial +1-844-282-4460 or use the Call Me Link.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has announced that road blockades near its Julcani and Orcopampa mines have been lifted, allowing operations to resume normally. There was no damage to company assets, enabling Buenaventura to maintain its 2022 production guidance. The firm is Peru's largest publicly traded precious metals mining company, involved in the exploration and mining of gold and silver through wholly-owned mines and joint ventures. Buenaventura also holds a significant stake in Sociedad Minera Cerro Verde, a key Peruvian copper producer.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN; Lima Stock Exchange: BUE.LM) reports that ongoing political protests in Peru have led to a nationwide state of emergency, impacting supply routes to its mines. While there has been no damage to Buenaventura's properties, the Julcani and Orcopampa operations have been temporarily halted due to blockades. The company reassures that on-site operations are functioning normally and maintains adequate supply coverage. Management is continuously monitoring the situation and will keep the financial community informed of developments.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported its 3Q22 results, revealing an EBITDA of US$ 22.2 million, down 44% year-on-year. Despite a net loss of US$ 19.8 million, an improvement from US$ 91.9 million in 3Q21, operating cash flow improved to US$ 16.1 million compared to a major loss in the previous year. Total revenues fell 11% to US$ 195.4 million. Capital expenditures rose 55% to US$ 37.2 million. Cash position was robust at US$ 288 million, with net debt decreasing to US$ 448.1 million.
Compañía de Minas Buenaventura S.A.A. (NYSE: BVN) will hold its Third Quarter 2022 earnings call on October 28, 2022, at 11:00 AM ET. The results will be announced on October 27, 2022, after market close. CEO Leandro García Raggio and senior management will participate in the call. Buenaventura is Peru's largest publicly traded precious metals company, engaged in mining and processing gold and silver. The company owns several mines in Peru and holds a significant stake in Sociedad Minera Cerro Verde, a leading copper producer.
Compañia de Minas Buenaventura S.A.A. (NYSE: BVN) has reported its 3Q22 production results, reflecting robust operations across multiple metals. Gold production increased from 17,749 ounces in 2Q22 to 20,164 ounces in 3Q22 for Orcopampa. Overall, the company's updated guidance suggests a total gold production target of between 70,000 to 75,000 ounces for 2022. Silver and zinc also saw steady production, with El Brocal producing 813,272 ounces of silver in 3Q22. The outlook remains positive, with projected increases across several metal categories.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN) reported 2Q22 results revealing significant financial challenges, including a net loss of
Compañía de Minas Buenaventura S.A.A (NYSE: BVN; Lima Stock Exchange: BUE.LM) will hold its Second Quarter 2022 earnings conference call on July 27, 2022, at 10:00 AM ET. The financial results will be shared on July 26, 2022, after market close. CEO Leandro García Raggio and the senior management team will discuss the company's performance during the call. Buenaventura is Peru's largest publicly traded precious metals company, operating several gold and silver mines in Peru, and holds a significant stake in Sociedad Minera Cerro Verde.
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