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Buenaventura Second-Quarter Profit Rises 83% on Higher Gold, Silver Prices
Jul. 26, 2011 04:58PM PST
Precious MetalsBloomberg reported that higher metals prices boosted profits for Buenaventura (NYSE:BVN) by 83%.
Bloomberg reported that higher metals prices boosted profits for Buenaventura (NYSE:BVN) by 83%.
The market news is quoted as saying:
Buenaventura’s revenue climbed 52 percent to $343.3 million, while operating costs fell 33 percent to $19.5 million. Exploration spending rose 17 percent to $12 million.
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| Commodities | |||
|---|---|---|---|
| Gold | 2390.86 | +0.85 | |
| Silver | 28.67 | +0.01 | |
| Copper | 4.52 | +0.05 | |
| Oil | 83.24 | +0.51 | |
| Heating Oil | 2.55 | +0.01 | |
| Natural Gas | 1.76 | 0.00 | |
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