LIMA, Peru / April 29, 2024 / Business Wire / Compañía de Minas Buenaventura S. A. A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE. LM), Peru’s largest publicly traded valuable metals mining company, announced its effects for the first quarter (1Q24) ended March 31, 2024. All figures were prepared in accordance with International Financial Reporting Standards (IFRS) on a non-GAAP basis and are expressed in U. S. dollars (US$).
First Quarter 2024 Highlights:
Financial Highlights (million U. S. dollars, EPS):
1Q24
1Q23
Var%
Total Revenue
246,8
185,5
33%
Operating income
46,9
12. 6
N/A.
EBITDA Direct Operations
94. 4
51,6
83%
Affiliate EBITDA
185,4
178,4
4%
Net Source of Income (1)
61,4
64,4
-5%
EPS (2)
0,24
0,25
-5%
(1)
Net source of income attributable to parent company homeowners
(2)
As of March 31, 2024, Buenaventura had a weighted average number of notable shares of 253,986,867.
For a full edition of Compañía de Minas Buenaventura’s first quarter 2024 effects release, please visit: https://www. buenaventura. com/es/ineditionistas/reportes-trimestrales/2024
CONFERENCE CALL INFORMATION:
The Buenaventura Mining Company will hold a telephone convention on Tuesday, April 30, 2024 to discuss those effects at 11:00 a. m. Eastern Time / 10:00 a. m. Peru Time.
To participate in the convention call, tick:
U. S. Toll Free: 1-844-481-2914
International: 1-412-317-0697
Access code: Request registration to the call of the Buenaventura Mining Company.
Webcast: https://event. choruscall. com/mediaframe/webcast. html?webcastid=JHyqyM33
If you prefer to receive a call instead of connecting, please log in via the link below. Use this option 10-15 minutes before the convention call start time:
Call link: https://hd. choruscall. com/?callme=true
Participants who do not wish to be interrupted to collect their data can request Chorus Call to call them by clicking on the link above, filling in the details and pressing the green phone button at the bottom. The phone number provided will be called and connected. to the convention without any interruption to the participant. (Please note: Participants will join directly at the convention and listen to music on hold until the call begins. Confirmation messages will not play once joined. )
Company Description
Compañía de Minas Buenaventura S. A. A. es the largest publicly traded base and valuable metals company in Peru and one of the largest mining rights holders in Peru. The Company engages in the exploration, mine development, processing and marketing of wholly-owned gold, silver and other base metals mines and their interests in joint venture projects. Lately, Buenaventura operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).
The Company owns 19. 58% of Sociedad Minera Cerro Verde, a major Peruvian copper manufacturer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).
For a published edition of the Company’s 2023 Form 20-F, tap Investor Relations Contacts on page 1 of this report or download the Company’s PDF record at www. buenaventura. com.
(*) One hundred percent owned operations through Buenaventura
Note on Forward-Looking Statements
This press release and a similar convention contain, in addition to past information, forward-looking statements, adding statements relating to the Company’s ability to manage its business and liquidity during and after the COVID-19 pandemic, the effect of the COVID-19 pandemic. -19 pandemic on the effects of the Company’s operations, aggregating net income, earnings and cash flows, the Company’s ability to reduce prices and capital expenditures in reaction to the COVID-19 pandemic if necessary, the Company’s balance sheet, liquidity and stock position during and after the COVID-19 crisis. 19, the Company’s monetary performance prospects, expansion and achievement of its long-term expansion ruleset following the COVID-19 pandemic, the Company’s long-term dividends, and percentage buybacks.
This press release would possibly also involve forward-looking data (as explained in the Private Securities Litigation Reform Act of 1995) addressing perils and uncertainties, adding those related to the Company’s costs and expenses, Cerro Verde, exploration effects, continuous improvement. in operational efficiency, prevailing market costs for gold, silver, copper and other metals mined, the good fortune of joint ventures, long-term exploration, progression and production estimates, subsidiaries’ capital expenditure plans, reserve estimates, and Peru’s political and economic considerations. , social and political aspects. legal progressions. These forward-looking statements reflect the Company’s outlook related to the Company’s long-term monetary functionality at Cerro Verde. Actual effects may also differ materially from those projected in the forward-looking statements as a result of the points discussed elsewhere in this press release.
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