On 15 June 2009, Compania de Minas Buenaventura S.A.A. (Buenaventura) announced that production at its largest gold mine has been stalled since 10 June 2009 due to industrial action, as workers demand a wage hike. Any prolonged shutdown is bound to have a significant adverse impact on the company's top-line. Meanwhile, we continue to expect gold prices to remain volatile over the near term....

Compania de Minas Buenaventura S.A.A. (Buenaventura) announced its 1Q 09 results on 29 April 2009. Although revenues were slightly below our estimate, adjusted1 net income was in line with our expectations. Going forward, we remain optimistic about the company’s ongoing projects, which should lift gold production volumes. We also expect gold prices to rebound from current levels in FY 2009, although we are concerned about near term volatility in bullion prices....

Compania de Minas Buenaventura S.A.A. (Buenaventura) announced its 4Q 08 results on 26 February 2009. Although revenues were above our estimate, adjusted1 net income was well below our expectations. Going forward, we remain optimistic about the company’s ongoing projects, which should lift gold production volumes. However, although we have raised our forecasts for gold prices, we remain concerned that the economic downturn may have a significant impact on…