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Compania de Minas Buenaventura SAA ( (BVN) ) has shared an announcement.
Compania de Minas Buenaventura S.A.A. has received an upgrade in its long-term issuer ratings from Fitch Ratings, moving from BB- to BB with a stable outlook. This reflects expected increases in production, operational diversification, and maintained low leverage. Key contributors to the rating improvement include the restart of the Uchucchacua mine, the commissioning of San Gabriel, and progress in cost reduction and mine life extension. The company emphasizes its commitment to generating shareholder value by mitigating risks associated with new projects and optimizing cost reductions to sustain strong financial positioning.
More about Compania de Minas Buenaventura SAA
Compania de Minas Buenaventura S.A.A. is a prominent mining company based in Peru, primarily engaged in the extraction and production of precious metals. Its operations focus on gold and silver mining with significant interests in various mining projects across the country.
YTD Price Performance: -15.75%
Average Trading Volume: 1,270,908
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.2B
See more insights into BVN stock on TipRanks’ Stock Analysis page.
