This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Buenaventura Announces Third Quarter 2012 Results

Within this release, Buenaventura presents financial measures in accordance with IFRS, as well as on a non-GAAP basis.

Operating Revenue

During 3Q12, net sales were US$394.0 million, 6% lower than the US$418.1 million reported in 3Q11. This was explained by lower metal prices and gold volume sold.

Royalty income increased 4% from US$17.1 million reported in 3Q11 to US$17.9 million in 3Q12 due to higher revenues at Yanacocha.


Operating Highlights

  3Q12   3Q11   Var %   9M12   9M11   Var %

Net Sales (in millions of US$)

  394.0   418.1   -6%   1,084.7   1,108.9   -2%

Average Realized Gold Price Gold (US$/oz)*

  1,671   1,695   -1%   1,672   1,543   8%

Average Realized Gold Price (US$/oz) inc. Associates

  1,656   1,677   -1%   1,653   1,542   7%

Average Realized Silver Price (US$/oz)*

  29.68   38.99   -24%   29.93   37.33   -20%

Average Realized Lead Price (US$/MT)*

  2,030   2,378   -15%   1,973   2,441   -19%

Average Realized Zinc Price (US$/MT)*

  1,868   2,235   -16%   1,909   2,276   -16%

Average Realized Copper Price (US$/MT)*

  7,989   9,066   -12%   8,119   9,244   -12%

(*) Buenaventura’s Direct Operations

Sales Content
    3Q12   3Q11   Var %   9M12   9M11   Var %

Gold (in oz)*

  113,563   134,863   -16%   347,400   381,469   -9%

Gold (in oz) inc. Associates

  287,284   283,091   1%   631,544   765,476   -17%

Silver (in oz)*

  4,392,833   4,069,550   8%   11,882,677   10,427,079   14%

Lead (in MT)*

  8,391   8,217   2%   19,996   15,511   29%

Zinc (in MT)*

  15,613   12,114   29%   37,987   28,243   35%

Copper (in MT)*

  3,886   4,383   -11%   10,394   15,061   -31%

(*) Buenaventura Direct Operations


Accumulated net sales in the first nine-month period 2012 were US$1,084.7 million, 2% lower than the figure reported in the same period 2011 (US$1,108.9 million), while royalty income was US$54.6 million, a 20% increase when compared to the US$45.4 million reported in 2011.

2 of 12

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs