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Compañía de Minas Buenaventura S.A.A. (BVN)

  • Fri, Feb. 27, 3:49 PM
    • Buenaventura (BVN +6.5%) is surging after reporting Q4 adjusted EBITDA of $167M and saying strong gold production at its Yanacocha mine helped results reach the high end of its production guidance.
    • The Peruvian gold miner says it produced 245K gold oz. and 5.5M silver oz. during Q4, vs. 184K gold oz. and 4.8M silver oz. in the year-ago quarter; but full-year output was mixed, with gold production of 846K oz. coming in below the prior year's 895K oz., and silver up at 19.7M oz. vs. 18.9M oz. in 2013.
    • Q4 net sales of $254M were 12% lower than the prior year's $287M, as the average realized prices for gold, silver and copper fell a respective 6%, 24% and 8% Y/Y; Q4 sales volumes rose 33%, 28% and 25% for gold, silver and copper.
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  • Fri, Feb. 27, 6:05 AM
    • Compañía de Minas Buenaventura (NYSE:BVN): Q4 EPS of -$0.74 may not be comparable to consensus of $0.15.
    • Revenue of $265.6M (-9.7% Y/Y) misses by $113.65M.
    • Press Release
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  • Oct. 31, 2014, 9:14 AM
    • Compañía de Minas Buenaventura (NYSE:BVN): Q3 EPS of $0.31 beats by $0.14.
    • Revenue of $317.6M (-8.2% Y/Y) misses by $65.4M.
    • Press Release
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  • Jul. 30, 2014, 7:32 PM
    • Compañía de Minas Buenaventura S.A.A. (NYSE:BVN): Q2 EPS of $0.09 misses by $0.09.
    • Revenue of $305.1M (+6.8% Y/Y) misses by $4.05M.
    • Press Release
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  • May. 1, 2014, 12:06 PM
    • Miner Buenaventura (BVN -11.2%) shares sink after reporting disappointing Q1 results, showing a loss of $0.04/share vs. analyst consensus for a gain of $0.22/share.
    • Gold equity production totaled 191,448 ox., down 21% Y/Y, mainly due to lower production at Orcopampa and Yanacocha; silver equity production was 4.1M oz., 12% lower than the prior-year quarter.
    • But J.P. Morgan analysts think BVN will begin to turn around this year: The Brocal expansion should result in higher throughput starting in Q2, the Tambomayo project is progressing on track for production in 2016, and the Cerro Verde expansion - turning the mine into one of the world’s largest copper mines - is on time and on budget.
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  • Jul. 31, 2013, 12:24 PM
    • It was an ugly quarter for top Peruvian miner Buenaventura (BVN -2.6%): an 88% drop in net income, production from mines it owns directly fell 65%, and sales fell 18% because of lower prices for gold, silver and copper. (H1 and Q2 results)
    • JPMorgan analyst John Bridges, however, is still optimistic, as BVN continues to generate free cash flows, is optimistic it can still achieve its 2013 gold and silver production guidance, and pays dividends. He recommends buying shares on weakness.
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  • Apr. 30, 2013, 2:04 PM
    Q1 results spelled out a worst-case scenario for Compañia de Mina Buenaventura (BVN -6.9%): earnings came up short, production fell, and costs didn’t drop nearly enough. Credit Suisse cuts BVN to Neutral from Outperform, finding “no positives in sight" for shares other than rising gold prices - and even that wouldn’t provide as much of a boost as its peers.
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  • Apr. 30, 2013, 4:50 AM
    Compañia de Minas Buenaventura (BVN): Q1 EPS of $0.40. Total Revenue of $354.7M (-6% Y/Y).
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  • Feb. 28, 2013, 7:16 PM
    Compania de Minas Buenaventura (BVN): Q4 EPS of $0.55 misses by $0.12. Revenue of $424.2M beats by $30M. Shares -2.3% AH. (PR)
    | 1 Comment
  • Oct. 31, 2012, 5:43 AM
    Compania de Minas Buenaventura (BVN): Q3 EPS of $0.70 in-line. Revenue of $411.9M (-5% Y/Y) beats by $24M. (PR)
    | 1 Comment
  • Aug. 1, 2012, 12:39 PM
    Peruvian miner Buenaventura (BVN -5.2%) posts Q2 EPS of $0.60 vs. analyst consensus of $0.81, on revenue of $350M, down 23% Y/Y and missing estimates by $42M. Equity gold production totaled 107,168 oz., down 11% Y/Y mainly due to a decrease in Orcopampa and Poracota production. Silver production was 4.5M oz., up 32% Y/Y.
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  • Apr. 27, 2012, 6:49 PM
    Peruvian miner Buenaventura (BVN) posts a Q1 EPS of $0.82, missing consensus estimates by $0.04, and revenue of $377M, missing estimates by $12M. Operating income decreased 26% Y/Y as results were impacted by higher operating costs and expenses. Gold production was 278K ounces, compared to 243K ounces in the same quarter last year. Silver production was 4M ounces over the same period, compared to 3.5M ounces in 2011. (PR)
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Company Description
Buenaventura Mining Co Inc is a precious metal company & is engaged in the exploration, mining, concentration, smelting & marketing of polymetallic ores & metals. It produces refined gold & silver, either as dore bars or concentrates, & other metals.
Industry: Gold
Country: Perú