Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q1 2024 Earnings Call Transcript

Gabriel Salas: Thank you, operator. The first question comes from Orlando Barriga from Credicorp Capital. Can you please comment on commercial deductions? They decreased in a per ton of unit sold basis. So I would appreciate some color on that.

Aldo Massa: Okay. Sorry Leandro. Thank you for the question. It happen two things in the market. The first one is that the commercial direction has to go lower a lot. We have better commercial terms for this year. That’s why one of the reasons why the commercial is going down. And the second one was that we sold 13 dry metric tons of concentrate during the first Q with no worse in Brocal. And that gives us of course better terms and lower reductions. That was the two main reasons why the reaction was so low in this quarter.

Gabriel Salas: Thank you, Aldo. At this time, there are no further questions. I would like to turn the call over to the operator.

Operator: Thank you. That concludes the question-and-answer session for today. I would like to turn it back over to management for any closing remarks.

Leandro Garcia: Thank you, operator. Before we finish today’s conference call, thank you. I want to thank you very much for making the time to join us and be interested in our company. Thank you again and have a wonderful day.

Operator: Ladies and gentlemen, that concludes today’s conference call. We would like to thank you again for your participation. You may now disconnect. Goodbye.