Buenaventura Reports Strong 3Q Amid Higher Production, but Shares Leave Little Risk-Adjusted Upside
Buenaventura saw momentum return in the third quarter, as higher production at some of its mines offset decline at others. Overall, gold production including associates rose 14% to more than 197,000 ounces. This boost in production more than offset a 4% in the average realized gold price over the prior year. As a result, adjusted EBITDA including associates rose 34% over the prior-year quarter to more than $180 million. As management stated during the second quarter, the second half of the year ...
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