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BVN

Compaia de Minas Buenaventura SA

5/24/2013, 8:37 AM ET

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Thursday, May 23, 2:46 PM Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. 5 Comments [Commodities, On the Move]
Friday, May 17, 3:22 PM Gold miners (GDX -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year low, and a surging dollar. For the miners, it's an ugly world of lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3%, GG -2.7%, AUY -4.8%, HMY -6.3%, AU -2.5%, BVN -1.1%, ANV -7.4%, NG -2.7%, GSS -5.8%. 18 Comments [Commodities, On the Move]
Tuesday, April 30, 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. Comment! [Commodities, Earnings, On the Move]
Tuesday, April 30, 4:50 AM Compañia de Minas Buenaventura (BVN): Q1 EPS of $0.40. Total Revenue of $354.7M (-6% Y/Y). Comment! [Earnings, Breaking News]
Thursday, April 25, 6:01 PM Peru's Compania de Minas Buenaventura (BVN) CEO Roque Benavides says plans for the $5B Minas Conga copper and gold project being developed with Newmont Mining (NEM) could be further complicated due to lower mineral prices. The CEO also says BVN has been studying ways to cut costs at its Uchucchacua silver mine and Orcopampa gold mine. Comment! [Commodities, Global & FX]
Friday, April 19, 4:58 PM Gold miners soon will release quarterly earnings, but J.P. Morgan says investors should focus on what the companies are doing to cut costs. Barrick Gold (ABX) would be profitable even if gold falls to $1,300/oz., the firm says, but remains vulnerable due to cash needed to operate the Pascua Lama mine and massive debt on its balance sheet. Goldcorp (GG) has a strong balance sheet and $2B in an undrawn revolver. 7 Comments [Commodities]
Thursday, February 28, 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 [Earnings, Breaking News]
Monday, February 11, 3:44 PM Compañía de Minas Buenaventura's (BVN -4.4%) loss looks big even on a day when gold mining stocks are hit hard. It isn't just the drop in BVN’s stock price - its price swings also are getting wider, as its 30-day historical volatility has jumped 46% since Jan. 18 to 28%. BVN has dropped 21% YTD, far more than Newmont Mining (NEM), its partner in Peru, and the gold miners ETF (GDX). Comment! [Commodities, On the Move]
Monday, January 28, 3:14 PM As gold futures extend losses to a fourth straight session, gold-, silver- and commodity-related stocks are in full-blown bear territory. Sinking to new 52-week lows today: NEM -1.3%, AU -0.5%, BVN -2.7%, HMY -3%. Even as Global Hunter offers an upbeat outlook for silver, citing expected increases in industrial use, SLW -1%, PAAS -1.5%. 9 Comments [Commodities]
Tuesday, November 6, 2012, 11:25 AM The Minas Conga copper and gold project in Peru could be shelved if the price of gold falls, Minas Buenaventura (BVN +0.4%) CEO Roque Benavides reportedly tells a local newspaper. BVN owns a 43.65% stake in the mine, one of Peru's biggest private-sector investment projects; Newmont Mining (NEM -0.2%) owns 51.35%. Comment! [Commodities, Global & FX]
Wednesday, October 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 [Earnings]
Friday, October 19, 2012, 4:58 PM Peru's biggest miners are expected to post strong Q3 earnings, but those results could be negatively affected by lower prices for their products and higher costs. Brokerage Inteligo sees Southern Copper (SCCO) posting a near-10% drop in net income, due to lower base metals prices and maintenance at one of its refineries. Lower net earnings also are expected at Buenaventura (BVN). 1 Comment [Commodities, Global & FX]
Friday, October 12, 2012, 4:26 PM Buenaventura (BVN -1.5%) says a contractors union strike began Tuesday at its Orcopampa mine in Peru within the frame of annual negotiations; however, talks are progressing and BVN says the dispute can be solved in short order. 1 Comment [Commodities, Global & FX]
Wednesday, August 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. Comment! [Commodities, Earnings, On the Move]
Friday, April 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) Comment! [Global & FX, Commodities, Earnings]
Sunday, December 11, 2011, 9:02 AM The door is opened for an even harder line against those protesting a $4.8B gold and copper mine to be opened by Newmont (NEM) and Buenaventura (BVN) in Peru after Salomon Lerner - arguably the 2nd most powerful man in government - resigns. President Humala - who would have sided with the protesters a few years back - this week ordered the military to step in against the demonstrators. 3 Comments [Global & FX, Commodities]