Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. Compania de Minas Buenaventura S.A.A. ( BVN), a precious metals mining company, reported on February 27, 2009 that it fell to a net loss for Q4 FY08, hurt by a decline in contributions from affiliates and higher operating costs. Net loss for the quarter stood at $6.06 million, or $0.02 per share, compared to a profit of $120.06 million, or $0.47 per share, in the prior year's quarter. Net sales for the fourth quarter dipped 31.6% to $155.00 million from $226.55 million a year ago, primarily due to significant decreases in the prices of silver and base metals, as well as lower sales volume of silver, lead, and zinc. Royalty income decreased 12.9% to $10.18 million from $11.69 million. Moreover, gold sales increased 5.0% to 132,392 ounces from 126,116 ounces, while average realized price of gold declined 1.1% to $801.00 per ounce from $810.00 per ounce. Furthermore, sales of silver plunged 16.0% to 3.90 million ounces from 4.64 million ounces in the year-ago quarter, while average silver prices slipped 28.1% to $10.12 per ounce from $14.08 per ounce. In addition, lead sales declined 8.2% to 9,693 metric tons (MT), while sales of zinc declined 24.9% to 20,780 MT. Meanwhile, average realized prices for lead plummeted 56.9% to $1,237 per MT and zinc prices fell 54.3% to 1,184 per MT. During the quarter under review, BVN entered into an agreement with Global Geoscience to explore the Peruvian Mancha Pampa copper-gold porphyry project. Also, the company paid a cash dividend of $0.09 per share. For FY08, net sales inched up 2.6% to $766.60 million from $747.02 million in the previous year. Net income for the year plunged 44.2% to $153.28 million, or $0.60 per share, from $274.76 million, or $1.08 per share, in FY07.