Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q1 2024 Earnings Presentation
11 slides from Compania De Minas Buenaventura Saa's earnings presentation, Apr 30, 2024
Slide 1: 1Q24 Earnings Results Conference Call
1Q24 Earnings Results Conference Call
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; current
Slide 3: Strong 1Q24 Earnings: Improved performance at El Brocal and Yumpag
Strong 1Q24 Earnings: Improved performance at El Brocal and Yumpag EBITDA Direct Operations Consolidated Production (1) 1Q24 CAPEX in San Gabriel reached In US$ millions US$ 38 M 38% 12.2 +26% Cu (kton) 94.5 15.4 Final mining permit for 28% +83% 1.3 +143% Yumpag was approved on March 18. 51.6 Ag (MO
Slide 4: Efficiency in Action: Reducing costs through Operational Excellence
Efficiency in Action: Reducing costs through Operational Excellence Copper All-in Sustaining Cost (1) Cost Applicable to Sales In US$/TMF-Cu 6,738 6,227 6,031 Copper 7,369 5,353 El Brocal: US$/TMF-Cu 5,047 Aligned with 11ktpd ramp-up plan in underground mine by the end of 2024. ↓58% 1Q23 2Q23 3Q23 4
Slide 5: Free cash flow generation
Free cash flow generation(1) 1Q24 Cash generation 1Q24 EBITDA to FCF reconciliation In US$ millions In US$ millions Note: (1) Consolidated figures considers 100% BVN, 100% La Zanja and 100% El Brocal
Slide 6: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Project Milestones Cumulative progress: Item Description 2Q23 3Q23 4Q23 1Q24 1 Engineering 81% 90% 92% 94% Start of UG Concrete Plant Start of mine mining installation development 2 Procurement 85% 89% 89% 94% contractor completed tunnelling 3 Construction 7%
Slide 7: San Gabriel: Definite Campsite Completed
San Gabriel: Our next large gold project Definite Campsite Completed • Fully operational since February. • More than 2,000 sleeping beds. • Water treatment plant. • Operating offices. • Kitchen and dining areas.
Slide 8: San Gabriel: Milling area
San Gabriel: Our next large gold project Milling area
Slide 9: San Gabriel: Thickener
San Gabriel: Our next large gold project Thickener
Slide 10: Closing Remarks
Closing Remarks 1 With final mining permit approved in Yumpag, we can now focus on achieving stable and efficient production at 1,000 tpd. 2 Excellent performance at El Brocal, in line with plan to reach 11ktpd by the end of the year, supported by a positive trend in copper prices. The San Gabriel p
Slide 11: Q&A
Bucnave NTURA Q&A
Compañía de Minas Buenaventura — Q1 2024 Earnings Presentation on 6ix