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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Buenaventura Announces Third Quarter 2012 Results

Stocks in this article: BVN

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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