Buenaventura Announces Third Quarter and Nine Month 2018 Results
Buenaventura Mining Company Inc. (BVN)
Last buenaventura mining company inc. earnings: 2/20 06:47 pm
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buenaventura.com
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Source: Business Wire
LIMA, Peru--(BUSINESS WIRE)-- 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 (3Q18) and nine-month (9M18) period ended September 30, 2018. 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$). Third Quarter 2018 Highlights: 3Q18 EBITDA from direct operations was US$ 53.1 million compared to US$ 118.4 million reported in 3Q17, primarily due to by lower metal prices and lower volume sold (Orcopampa and La Zanja). 3Q18 Adjusted EBITDA (including associated companies) reached US$ 143.1 million, compared to US$ 186.7 million in 3Q17. 3Q18 Net Loss was US$ 10.3 million, compared to a net loss of U
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