BVN - Compañía de Minas Buenaventura GAAP EPS of -$0.16 revenue of $150.1M
- Compañía de Minas Buenaventura press release ( NYSE: BVN ): Q2 GAAP EPS of -$0.16.
- Revenue of $150.1M (-37.7% Y/Y).
- 2Q22 EBITDA from direct operations was US$ -19.1 million, compared to US$ 68.5 million reported in 2Q21.
- 2Q22 Operating Cash Flow reached US$ 72.7 million, compared to US$ 101.7 million in 2Q21
- 2Q22 capital expenditures were US$ 30.4 million, compared to US$ 21.4 million for the same period in 2021. 2Q22 CAPEX includes US$ 11.0 million related to the San Gabriel Project and US$ 6.3 million related to the Yumpag Project.
- The Company continued its strategy of progressively reducing fixed costs at the Uchucchacua mine to improve the cost structure efficiency when the operation restarts.
- COVID related expenses were reduced from US$ 19.1 million in 2Q21 to US$ 1.9 million reported in 2Q22.
- Buenaventura’s cash position reached US$ 326.3 million as of June 30, 2022. Net Debt was reduced to US$ 416.4 million, with and average maturity of 3.8 years (vs. 2Q21: 2.2 years).
For further details see:
Compañía de Minas Buenaventura GAAP EPS of -$0.16, revenue of $150.1M