Compania De Minas Buenaventura Saa · BVL:BUENAVC1
Compania De Minas Buenaventura Saa — Compañía de Minas Buenaventura — Q3 2024 Earnings Presentation
10 slides from Compania De Minas Buenaventura Saa's earnings presentation, Oct 31, 2024
Slide 1: 3Q24 Earnings Results Conference Call
3Q24 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 3Q24 Earnings: great results from Yumpag and El Brocal
Strong 3Q24 Earnings: great results from Yumpag and El Brocal EBITDA Direct Operations (1) Consolidated Production (2) 3Q24 CAPEX related to In US$ millions 39% San Gabriel was US$ 77M 18.7 -9% 334 Cu (kton) 16.8 Moody’s upgrade to 40% +130% B1 with positive outlook 21% 1.9 Ag (MOz) driven by strong
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$/TMF-Cu 7,100 6,031 6,056 Copper El Brocal: US$/TMF-Cu 6,963 5,047 5,353 All ore stockpiled in 2Q24 was processed during the 3Q24. ↓69% 3Q23 4Q23 1Q24 2Q24 3Q24 24.4 U
Slide 5: Free cash flow generation
Free cash flow generation(1) 3Q24 Cash generation 3Q24 EBITDA to FCF reconciliation In US$ millions In US$ millions 59 458 29 118 341 -11 -2 -5 59 286 122 -102 -10 -8 -17 -2 172 Beginning Operations Investing Financing Dividends Dividends Final EBITDA Tax Working CAPEX + Mine Financing Interests Div
Slide 6: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Project Milestones Cumulative progress: Item Description 4Q23 1Q24 2Q24 3Q24 Start of mine Start of HV development Powerline (BOOT) HV Powerline First 1 Engineering 92% 94% 95% 97% (BOOT) completion Gold bar tunnelling construction 2 Procurement 89% 94% 98% 1
Slide 7: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Conveyor Crushing area Milling area CIL tanks Processing Plant: 60% progress of SAG and Ball mills mechanical works 90% progress of Primary Crusher mechanical works 65% progress of CIL tanks mechanical works 7
Slide 8: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project North Ramp Portal Fans installation at North Ramp Shotcrete Plant installation Underground mine development works 8
Slide 9: San Gabriel: Our next large gold project
San Gabriel: Our next large gold project Campsite 100% completed Power line construction 10% progress Water Dam 35% progress Filtered Tailings Plant 30% progress
Slide 10: Closing Remarks
Closing Remarks Uchucchacua reached an average throughput of 1,500 tpd earlier than expected, while Yumpag maintained 1 steady production at 1,000 tpd delivering 3.2 MOz-Ag during 3Q24. El Brocal: 100% of stockpiled ore was processed enabling to meet its targeted production for the 9M24. The 2 under
Compañía de Minas Buenaventura — Q3 2024 Earnings Presentation on 6ix