Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q3 2023 Earnings Presentation
15 slides from Compania De Minas Buenaventura Saa's earnings presentation, Oct 31, 2023
Slide 1: 3Q23 Earnings Results Conference Call
3Q23 Earnings Results Conference Call 1
Slide 2: Cautionary Statement
Cautionary Statement.- This presentation contains certain information that may constitute forward- looking information under applicable U.S. securities legislation, including but not limited to information about costs applicable to sales, general and administrative expenses; production volumes; curr
Slide 3: Agenda
Agenda 1 9M23 Highlights 2 All-in Sustaining Cost and Cost Applicable to Sales 3 Free cash flow generation 4 Projects Pipeline: Yumpag and San Gabriel 5 Closing remarks 3
Slide 4: 9M23 Highlights
9M23 Highlights EBITDA Direct Operations (1) Consolidated Production (2) In US$ millions 28-Aug ressumption Uchucchacua 121.9 44.3 53 58 +27% 7-Sep approval of Yumpag EIA Cu (kton) 12.2 13.2 18.8 96.3 9M23 CAPEX (2) 4.9 8.3 9.5 In US$ millions Ag (MOz) 1.3 1.7 1.9 12 9M22 9M23 Maintenance 56 111.2 1
Slide 5: All-in Sustaining Cost and Costs Applicable to Sales
All-in Sustaining Cost(1) Costs Applicable to Sales US$/Oz-Au Eq 6,787 ↓10% 6,687 6,738 6,675 6,631 6,571 Copper 6,291 El Brocal: US$/TMF-Cu 6,227 6,031 Copper priorization 1,908 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 9M22 9M23 1,425 25.5 ↑29% 24.4 21.5 22.0 22.7 Julcani: 18.0 17.7 17.7 Lower grades Sil
Slide 6: Free cash flow generation
Free cash flow generation 3Q23 Cash generation 9M23 EBITDA to FCF reconciliation In US$ millions In US$ millions +$20M (1) Notes: (1) Considers US$ 31 M of advanced payments, primarily related to San Gabriel project 6
Slide 7: Projects Pipeline – Update
Copper Projects Pipeline – Update Gold Silver Increase value through our diversified portfolio focusing on projects with LOM ↑10 years Tomasa Dorita La Zanja Chaska Sulfides El Trapiche Brocal 10Y Gaby San Mayra Gabriel Uchucchacua Coimolache Rio + Yumpag Sulfides Seco El Faique Exploration Scoping
Slide 8: Projects Pipeline – Update
Copper Projects Pipeline – Update Gold Silver Increase value through our diversified portfolio focusing on projects with LOM ↑10 years Tomasa Dorita La Zanja Chaska Sulfides El Trapiche Brocal 10Y Gaby San Mayra Gabriel Uchucchacua Coimolache Rio + Yumpag Sulfides Seco El Faique Exploration Scoping
Slide 9: Yumpag: relaunching a new Uchucchacua
Yumpag: relaunching a new Uchucchacua Extending the LOM for the next 15 years Uchucchacua Mine Yumpag Mine Average Grade: Future exploration ↑20 Oz-Ag/t Average Grade: ~6km of potential ~10 Oz-Ag/t Highlights • Yumpag´s environmental permit was approved on September 7, 2023 • BVN has submitted a req
Slide 10: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Progress as of: Item Description 1Q23 2Q23 3Q23 Project Milestones 1 Engineering 66% 81% 90% 2 Procurement 85% 85% 89% Authority admitted Start of UG Concrete Plant power line EIA mining contractor installation start 3 Construction 3% 7% 14% 4 Commissioning 0
Slide 11: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Processing Plant Earth movement 11
Slide 12: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Crushing Milling and Grinding Gravimetry and CIL Metallurgical laboratory and Oxygen Plant 12
Slide 13: San Gabriel: Mine Pond & Industrial Treatment Water Plant earthworks
Mine Pond & Industrial Treatment Water Plant earthworks. San Gabriel Definitive Campsite Waste dump Underground preparation and tunneling San Gabriel underground portal and ventilation system 13
Slide 14: Closing Remarks
Closing Remarks San Gabriel construction will progress faster as the main contractors are already on the project 1 Total CAPEX for the project remains unchanged and start of commercial production for 2H25 is maintained. 2 Uchucchacua was successfully restarted after 2 years of Care & Maintenance. Yu
Slide 15: Q&A
Q&A ENAVE NTURA | MORE THAN MINING. a =
Compañía de Minas Buenaventura — Q3 2023 Earnings Presentation on 6ix