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Gold

Compania de Minas Buenaventura SAA, also known as Buenaventura, is a publicly traded Peruvian mining company listed on the New York Stock Exchange under the ticker symbol BVN. Here are some key points to know about the company:

History: Buenaventura was founded in 1836 and has a long history of mining operations in Peru. It is one of the largest mining companies in the country and has a portfolio of gold, silver, copper, and zinc mines.

Operations: Buenaventura's main assets are located in Peru, including the El Peñón and San Gabriel gold mines, the Orcopampa and Uchucchacua silver mines, and the Tintic project, which includes copper, zinc, and precious metals. In addition, the company has interests in other mining projects in South America, including Chile, Colombia, and Cuba.

Financials: As of December 31, 2022, Buenaventura had $1.23 billion in revenue, a net income of $246 million, and an EBITDA margin of 49%. The company's net debt was $328 million, and it had $441 million in cash and equivalents.

Earnings and Growth: Buenaventura has consistently delivered strong earnings growth in recent years, driven by high metals prices and increased production. In 2022, the company reported a 26% year-over-year increase in gold production and a 30% increase in silver production. The company's guidance for 2023 suggests continued growth in gold and silver production.

Dividends: Buenaventura has a history of paying consistent dividends to its shareholders. In 2022, the company declared a dividend of $0.075 per share, representing a yield of 1.31%.

Management: The company's management team has extensive experience in mining and finance. The CEO, Victor Gobitz, has been leading the company since 2016 and has been instrumental in the company's growth and expansion.

Risks and Challenges: Buenaventura, like other mining companies, faces several risks, including volatility in metals prices, environmental and social issues, and regulatory challenges. In 2022, the company faced a strike at its Orcopampa mine, which affected its production. However, the company has implemented sustainability initiatives to reduce its environmental footprint and maintain social licenses to operate.

In summary, Buenaventura is a well-established mining company with a long history and a diversified portfolio of mining assets. The company has delivered strong financials and guidance, has a solid balance sheet, and has consistently paid dividends to its shareholders. However, the company, like others in the industry, faces risks and challenges that investors should carefully consider when evaluating the stock.