† Within this release, Buenaventura presents financial measures in accordance with Peruvian GAAP, as well as on a non-GAAP basis. EBITDA (Buenaventura Direct Operations) and EBITDA (including Affiliates) included in this release are non-GAAP financial measures. Please see the consolidated financial information below for information reconciling non-GAAP financial measures with Peruvian GAAP financial measures.
During 2Q12, net sales were US$331.8 million, similar to the US$327.3 million reported in 2Q11. Higher silver, zinc and lead volume sold positively offset lower silver and base metal prices, as well as the decline in gold sales.
Royalty income increased 17%, from US$16.0 million reported in 2Q11 to US18.7 million in 2Q12 due to higher revenues at Yanacocha.
| Net Sales
(in millions of US$)
|Average Realized Gold Price Gold (US$/oz)*||1,619||1,514||7%||1,673||1,457||15%|
|Average Realized Gold Price (US$/oz) inc. Yanacocha||1,616||1,508||7%||1,657||1,234||34%|
|Average Realized Silver Price (US$/oz)*||29.41||37.01||-21%||30.50||35.70||-15%|
|Average Realized Lead Price (US$/MT)*||1,929||2,494||-23%||1,957||2,519||-22%|
| Average Realized
Zinc Price (US$/MT)*
|Average Realized Copper Price (US$/MT)*||7,828||9,103||-14%||8,253||9,334||-12%|
|Gold (in oz)*||107,661||126,273||-15%||234,241||246,876||-5%|
|Gold (in oz) inc. Yanacocha||274,290||275,387||0%||554,571||519,413||7%|
|Silver (in oz)*||4,695,060||2,761,715||70%||7,491,711||6,372,936||18%|
|Lead (in MT)*||9,471||4,560||108%||11,589||7,307||59%|
|Zinc (in MT)*||14,449||8,198||76%||22,381||16,133||39%|
|Copper (in MT)*||830||3,703||-78%||6,542||10,759||-39%|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV