Buenaventura Reports Q3 Revenue Growth and Outlines San Gabriel Expansion Plan
Compañía de Minas Buenaventura (BVN) reported strong third-quarter financial results, highlighted by a 27% year-over-year increase in total revenues to $545 million. The company's EBITDA from direct operations rose 34% to $261 million, resulting in an expanded EBITDA margin of 48%. Alongside these results, the company approved an interim dividend of $0.5508 per share. Looking forward, Buenaventura outlined a strategic development path for its San Gabriel project. The company aims to scale production at the site to 3,000 tonnes per day (tpd) and achieve an 85% recovery rate by 2028. This expansion is part of a broader strategy to leverage portfolio resilience and strengthen financial capacity.
Tickers: $BVN
Topics: EBITDA Expansion Financial Performance Revenue Growth
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