Buenaventura Announces First Quarter 2019 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 first quarter (1Q19) period ended March 31, 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$). First Quarter 2019 Highlights: During 1Q19, Buenaventura generated US$ 8.0 million in additional EBITDA due to continued success of the Company’s De-Bottlenecking Program. 1Q19 EBITDA from direct operations was US$ 24.7 million, compared to US$ 99.1 million reported in 1Q18, primarily due to lower metal prices and a reduction in volume sold at the Company’s Orcopampa, Tambomayo and Uchucchacua mines. The decrease in 1Q 2
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