Compania de Minas Buenaventura SAA (LIM:BVN)
$ 13.9 0.2 (1.46%) Market Cap: 3.53 Bil Enterprise Value: 4.05 Bil PE Ratio: 42.12 PB Ratio: 1.26 GF Score: 32/100
Back to the Transcripts List

Q2 2024 Compania de Minas Buenaventura SAA Earnings Call Transcript

Jul 26, 2024 / 03:00PM GMT
Release Date Price: $16.01 (+1.59%)

Key Points

Positve
  • EBITDA from direct operations increased by $85 million compared to the previous year, driven by strong results from Yumpag and El Brocal.
  • Net income for Q2 2024 reached $74 million, a significant improvement from last year's net loss of $5 million.
  • Silver production increased to 4 million ounces in Q2 2024, up from 1.7 million ounces in the same period last year.
  • Cerro Verde announced a new dividend of $300 million, with $59 million to be distributed to Buenaventura, contributing to financial performance.
  • The company's leverage ratio improved to 1.4 times, reflecting effective debt management and growing EBITDA.
Negative
  • Copper production decreased by 22% year over year due to the voluntary suspension of El Brocal's processing plant.
  • Gold production decreased by 9% year over year, attributed to mining lower grades at Orcopampa and Tambomayo mines.
  • All-in sustaining costs increased for gold production due to lower grades at Tambomayo and Orcopampa.
  • The San Gabriel project has experienced cost escalations, with total project costs now estimated at $650 million.
  • El Brocal's processing plant was suspended for 16 days due to protests by nearby communities, impacting production.
Operator

Good day, ladies and gentlemen. Welcome to the Compania de Minas Buenaventura second quarter 2024 earnings results conference call. (Operator Instructions) Please note that the call is being recorded.

I would now like to introduce your host for today's call, Mr. Sebastian Valencia, Investor Relations Analyst. Mr. Valencia, you may begin.

Sebastian Valencia
Compania de Minas Buenaventura SAA - IR

Good morning, everyone, and thank you for joining us today to discuss our second quarter 2024 results. Today's discussion will be led by Mr. Leandro Garcia, Chief Executive Officer, also joining our call today and available for your questions are Mr. Daniel Dominguez, Chief Financial Officer; Mr. Juan Carlos Ortiz, Vice President of Operations; Mr. Aldo Massa, Vice President of Business Development and Commercial; Mr. Alejandro Hermoza, Vice President of Sustainability; Mr. Renzo Macher, Vice President of Projects; Mr. Juan Carlos Salazar, Vice President of Geology and Explorations; Mr. Roque Benavides, Chairman; and Mr. Jorge Henzi, Director.

Before

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.