Buenaventura: One Of The Best Picks Among Gold Miners
- Buenaventura is the biggest Peruvian gold miner. Like the whole industry the company was affected by the fall in the gold price within the last years.
- Buenaventura has a lower P/E and P/B than most of its competitors at production costs of about $1,220 in Q2 2014.
- Positive catalysts are a number of expansion projects, among which the Congo expansion of the Yanacocha mine is the most important one.