Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q2 2024 Earnings Presentation
10 slides from Compania De Minas Buenaventura Saa's earnings presentation, Jul 26, 2024
Slide 1: 2Q24 Earnings Results Conference Call
2Q24 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 2Q24 Earnings: great results from Yumpag and El Brocal
Strong 2Q24 Earnings: great results from Yumpag and El Brocal EBITDA Direct Operations Consolidated Production (1) In US$ millions 2Q24 CAPEX related to 38% 13.2 -22% San Gabriel was US$ 70M Cu (kton) 201 10.3 39% +142% 1.7 19% 107 US$ 172M Ag (MOz) 4.0 Cash Position: 13% 69 22 Debt: US$ 682M 37.3 -
Slide 4: Efficiency in Action: higher contribution from Uchucchacua & Yumpag
Efficiency in Action: higher contribution from Uchucchacua & Yumpag Copper All-in Sustaining Cost (1) Cost Applicable to Sales In US$/TMF-Cu 7,100 6,621 6,227 El Brocal: 6,031 Copper The processing plant was US$/TMF-Cu 5,353 5,047 voluntarily suspended for 16 days as a response to a protest by a nea
Slide 5: Free cash flow generation
Free cash flow generation(1) 2Q24 Cash generation 2Q24 EBITDA to FCF reconciliation In US$ millions In US$ millions Note: (1) Consolidated figures considers 100% BVN, 100% La Zanja and 100% El Brocal 5
Slide 6: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Project Milestones Cumulative progress: Item Description 3Q23 4Q23 1Q24 2Q24 1 Engineering 90% 92% 94% 95% Start of mine Start of HV development Powerline (BOOT) HV Powerline First 2 Procurement 89% 89% 94% 98% tunnelling construction completion Gold bar 3 Co
Slide 7: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project • 60% progress of SAG and Ball mills mechanical works • 40% progress of Primary Crusher mechanical works Processing Plant: 80% Progress on Foundations • 30% progress of CIL tanks mechanical works 7
Slide 8: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Water dam foundation completed Filtering plant civil works 8
Slide 9: Closing Remarks
Closing Remarks Uchucchacua & Yumpag's first full quarter of operations delivers a significant contribution of 1 2.9 Million Ounces of Silver Ongoing efforts at El Brocal to recover production and achieve our guidance, with a 2 continued focus on reaching 11 kTPD by the end of the year The San Gabri
Slide 10: Q&A
Bucnave NTURA Q&A
Compañía de Minas Buenaventura — Q2 2024 Earnings Presentation on 6ix