Buenaventura Reports Strong Mid-Year Financials

Compania de Minas Buenaventura SAA (BVN) has released an update.

Peru’s largest precious metals miner, Compania de Minas Buenaventura S.A.A., reported a significant increase in second-quarter and first-half profits for 2024, driven by rising production and higher commodity prices. The company’s EBITDA and net income showed robust growth compared to the previous year, with notable increases in silver, zinc, and lead production offsetting declines in copper and gold output. Buenaventura’s financial performance demonstrated resilience despite a temporary operational suspension, with a strong cash position and a promising outlook for meeting its production targets.

For further insights into BVN stock, check out TipRanks’ Stock Analysis page.