Buenaventura Announces Third Quarter and Nine Month 2019 Results
LIMA, Peru--(BUSINESS WIRE)--Oct 29, 2019--
Compañia de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced results for the third quarter (3Q19) and nine-month (9M19) period ended September 30, 2019. All figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non-GAAP basis and are stated in U.S. dollars (US$).
Third Quarter 2019 Highlights:
Financial Highlights (in millions of US$, except EPS figures) :
EBITDA Direct Operations
Adjusted EBITDA (Inc Associates)
(*) As of September 30, 2019 Buenaventura had a weighted average number of shares outstanding of 253,986,867.
For a full version of Compañía de Minas Buenaventura Third Quarter 2019 Earnings Release, please visit: http://www.buenaventura.com/en/inversionistas
CONFERENCE CALL INFORMATION:
Compañia de Minas Buenaventura will host a conference call on Wednesday, October 30, 2019 to discuss these results at 10:00 a.m. Eastern Time / 9:00 a.m. Peru Time
To access the call, please dial:
+1 (877) 407-8033 (From within the U.S.)
+1 (201) 689-8033 (From outside the U.S.)
There will also be a live Audio Webcast of the event at:
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded, precious metals company and a major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and exploration of gold and silver and other metals via wholly owned mines as well as through its participation in joint exploration projects.
Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Mallay*, Julcani*, El Brocal, La Zanja and Coimolache and is developing the Tambomayo project.
The Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont Mining Corporation), an important precious metal producer; 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer.
For a printed version of the Company’s 2018 Form 20-F, please contact the investor relations contacts on page 1 of this report, or download the PDF format file from the Company’s web site at www.buenaventura.com.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning the Company’s, Yanacocha’s and Cerro Verde’s costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, development and production, subsidiaries’ plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company’s view with respect to the Company’s, Yanacocha’s and Cerro Verde’s future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191029006149/en/
CONTACT: Contacts in Lima:
Leandro García, Chief Financial Officer
(511) 419 2540Rodrigo Echecopar, Investor Relations Coordinator
(511) 419 email@example.comContact in NY:
(646) 452-2334 /firstname.lastname@example.orgCompany Website:http://www.buenaventura.com/en/inversionistas
KEYWORD: SOUTH AMERICA PERU
INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES
SOURCE: Compañia de Minas Buenaventura S.A.A.
Copyright Business Wire 2019.
PUB: 10/29/2019 07:09 PM/DISC: 10/29/2019 07:09 PM