Compania de Minas Buenaventura S.A.A. - Fitch Research

Compania de Minas Buenaventura S.A.A.

Compania de Minas Buenaventura S.A.A. - Fitch Research
Compania de Minas Buenaventura S.A.A.
Published Jul 31, 2014
8 pages (4453 words) — Published Jul 31, 2014
Price US$ 550.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Low Cost Producer: Compania de Minas Buenaventura S.A.A.'s (Buenaventura) weighted average cost production is in the second quartile of the cost curve. Its all-in sustaining cost (AISC) for gold was USD1,100/oz. in 2013, compared with the global average of USD1,600/oz. In response to declining metal prices, management stopped production at four nonprofitable operations and is focusing on high-grade, low-cost projects. Conservative Debt Philosophy: Buenaventura has maintained low leverage levels through the gold cycle and, as of March 31, 2014, had a net debt-to-LTM EBITDAR ratio of 1.5x. Projected leverage levels indicate modest debt ratios, peaking at 1.3x net adjusted debt/EBITDAR in 2014 and declining thereafter, and robust coverage ratios, with FFO interest coverage at 26.0x in 2015. Adequate Liquidity: Buenaventura has fully funded its 2014 capex plans and reported modest cash and marketable securities position of USD79 million as of March 2014. The company also has a committed line...

  
Report Type:

Full Rating Report

Company(ies)
Ticker(s)
BUENAVC1
Issuer
Format:
PDF Adobe Acrobat
Buy Now

Fitch Research—Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.

About the Author


Cite this Report

  
MLA:
Fitch Research. "Compania de Minas Buenaventura S.A.A." Jul 31, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/fitch-credit-research/Compania-de-Minas-Buenaventura-S-A-A-753022_report_frame>
  
APA:
Fitch Research. (). Compania de Minas Buenaventura S.A.A. Jul 31, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/fitch-credit-research/Compania-de-Minas-Buenaventura-S-A-A-753022_report_frame>
  
US$ 550.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.