Buenaventura
🇵🇪 NYSE:BVN
•
Dec 31, 2024
Buenaventura Q4 2024 Earnings Report
Buenaventura reported strong financial performance in Q4 2024, with increased revenue and profitability.
Key Takeaways
Buenaventura achieved a net income of $33.6 million in Q4 2024, reversing a loss from the prior year. Total revenue increased 18% YoY to $299.6 million. Operating income declined 24% to $45.8 million, while EBITDA from direct operations rose 26% to $93.4 million. The company ended the year with a cash position of $478.4 million and a leverage ratio of 0.34x.
Q4 2024 revenue grew 18% YoY to $299.6 million.
Net income turned positive at $33.6 million, compared to a $9.8 million loss in Q4 2023.
Operating income declined 24% YoY to $45.8 million.
Buenaventura ended the year with $478.4 million in cash and a leverage ratio of 0.34x.
Buenaventura Revenue
Buenaventura EPS
Forward Guidance
Buenaventura expects continued operational efficiency improvements and ongoing investment in its key projects.
Positive Outlook
- Continued investment in San Gabriel project to enhance production capacity.
- Strong cash position of $478.4 million provides financial flexibility.
- Operational efficiency improvements expected across key mining sites.
- Potential benefits from the recent bond issuance for refinancing.
- Dividend payment proposal of $0.2922 per share aligns with company policy.
Challenges Ahead
- Decline in lead and zinc production due to depletion of El Brocal's Tajo Norte resources.
- Operating income decreased by 24% YoY despite revenue growth.
- Gold production fell 10% YoY due to lower output at Orcopampa and Tambomayo.
- Lower EBITDA including affiliates due to external market conditions.
- Possible headwinds from macroeconomic uncertainties affecting metal prices.