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Compania de Minas Buenaventura SAA ( (BVN) ) just unveiled an update.
Compania de Minas Buenaventura S.A.A. has announced the awarding of the El Algarrobo Project, which is part of their strategic objective to expand in copper operations. The project will be executed in three phases, beginning with a social agreement with the local community, followed by obtaining necessary permissions and conducting feasibility studies, and culminating in the construction of the mining operation with an investment estimated between $400 million and $800 million. This initiative aligns with Buenaventura’s long-term strategy, potentially impacting its future reserves, production, and mine life.
More about Compania de Minas Buenaventura SAA
Compania de Minas Buenaventura S.A.A. is a prominent player in the mining industry, primarily focusing on the extraction and production of minerals such as copper, silver, and zinc. The company is strategically enhancing its presence in copper projects to strengthen its market position.
YTD Price Performance: 4.96%
Average Trading Volume: 951,785
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.42B
Find detailed analytics on BVN stock on TipRanks’ Stock Analysis page.
