Welcome to our dedicated page for Compania de Minas Buenaventura news (Ticker: BVN), a resource for investors and traders seeking the latest updates and insights on Compania de Minas Buenaventura stock.
News for Compañía de Minas Buenaventura S.A.A. (BVN) centers on its role as Peru’s largest publicly traded precious and base metals company and a major holder of mining rights in Peru. Official releases and Form 6-K filings provide regular updates on exploration, mining development, processing and trade of gold, silver and other base metals across its wholly owned mines and joint venture operations.
Visitors to this BVN news page can expect recurring coverage of quarterly and year-to-date results, including production volumes and sales for gold, silver, copper, lead and zinc. Buenaventura frequently publishes detailed tables by mine for operations such as Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal and Coimolache, along with commentary on mine plans, throughput and guidance revisions.
Another key news theme is project and capital allocation updates. The company highlights San Gabriel, a new gold operation in Moquegua described as its new flagship project, reporting milestones such as the first dore bar produced during commissioning tests and capital expenditures on the processing plant, filtered tailings storage facility and mine development. Releases also cover regulatory milestones, such as operating permits for Coimolache’s Tantahuatay leach platform and leach pad expansions.
Investors following BVN news will also see announcements about its 19.58% stake in Sociedad Minera Cerro Verde, dividend receipts from that stake, and the activities of Buenaventura Trading, which purchases copper concentrate produced at Cerro Verde and sells it on the spot market. Regular earnings conference call invitations and Analyst and Investor Day announcements provide additional context and access points for those tracking Buenaventura’s operating and financial performance over time.
Compañia de Minas Buenaventura S.A.A (NYSE: BVN), Peru’s leading precious metals mining company, released its 1Q23 production results. Highlights include:
- Gold Production: Orcopampa (19,996 oz), Tambomayo (10,600 oz), Coimolache (6,536 oz), El Brocal (4,421 oz).
- Silver Production: Uchucchacua (0 oz), Yumpag (0 oz), El Brocal (436,678 oz), Tambomayo (394,305 oz), Julcani (417,887 oz).
- Copper Production: El Brocal (12,238 MT).
- Production exceeded expectations at El Brocal; however, silver production at Uchucchacua and Yumpag was halted due to issues. Overall, gold production was aligned with forecasts, while silver and lead experienced temporary setbacks.
Buenaventura aims to recover slower production in upcoming quarters and remains optimistic about 2023 guidance.
Compañía de Minas Buenaventura S.A.A (NYSE: BVN) will host its First Quarter 2023 earnings conference call on April 28, 2023, at 11:00 AM ET. The company will release its financial results on April 27, 2023, after market close. CEO
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.
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