BVN

Compañía de Minas Buenaventura S.A.A. is Peru's largest publicly traded precious metals mining company, engaged in exploration, mining, and processing of gold, silver, copper, lead, and zinc. The company operates mines in Peru and holds equity stakes in significant mining operations including participation in Yanacocha (one of South America's largest gold mines) and Cerro Verde copper mine. Buenaventura also conducts exploration activities seeking new mineral deposits in Peru and internationally. Founded in 1953 and headquartered in Lima, Peru, Buenaventura has built one of the most significant mining portfolios in Peru, a country with world-class mineral endowments. The company produces precious and base metals from its wholly owned operations while benefiting from cash flows and dividends from joint venture investments. Buenaventura faces challenges including operational difficulties at certain mines, capital intensity of new project development, community and environmental opposition, permitting challenges, and Peruvian political instability. The company has experienced production declines and profitability pressures in recent years. Buenaventura benefits from exposure to gold and silver prices providing inflation protection. The company continues to focus on operational improvements and project development.