Minas Buenaventura Company Description
Through sheer concentration and might, Compañía de Minas Buenaventura extracts metals in the form of silver-lead, silver-gold, zinc, and lead-gold-copper concentrates. Gold accounts for about 50% of the company's sales. Buenaventura owns almost 45% in Latin America's largest gold property, the Yanacocha mine in Peru, which has 28 million ounces in proved and probable reserves. (Newmont owns the remaining stake in Yanacocha.) Another significant investment is the company's 19% stake in the Peruvian Cerro Verde mine, which is controlled by Freeport-McMoRan. Buenaventura also owns electric power transmission and engineering services companies for the mining industry.
View the Comprehensive Company Description for Minas Buenaventura
The Company Description provides a historical perspective of Minas Buenaventura's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Minas Buenaventura's evolution in the marketplace.
