† 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%|