Compania de Minas Buenaventura SAA (BVN) has released an update.
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Compañia de Minas Buenaventura, Peru’s leading precious metals miner, reported substantial financial growth in Q3 2024, with EBITDA from direct operations soaring to $132.4 million, marking a significant increase from the previous year. The company’s net income for the quarter reached $236.9 million, a remarkable turnaround from a net loss in Q3 2023, driven by increased production of silver, zinc, and lead. Buenaventura’s strong financial performance was further bolstered by its strategic sale of the Chaupiloma Royalty Company and operational improvements across its mining sites.
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