March 30, 2017 2:23 AM ET

Metals and Mining

Company Overview of Compañía Minera Milpo SAA

Company Overview

Compañía Minera Milpo SAA engages in the exploration, development, and operation of mineral properties. It primarily explores for copper, zinc, lead, silver, and gold deposits. The company’s operational mines include the El Porvenir polymetallic mine situated in the province of Cerro de Pasco; the Atacocha mine located in the province of Cerro de Pasco; and the Cerro Lindo polymetallic mine situated in the province of Chincha in Peru. Compañía Minera Milpo S.A.A. has a strategic alliance with Votorantim Metáis. The company was founded in 1949 and is based in Lima, Peru. Compañía Minera Milpo S.A.A. is a subsidiary of Votorantim Metais S.A.

Avenida San Borja Norte 523

San Borja

Lima,  41

Peru

Founded in 1949

Key Executives for Compañía Minera Milpo SAA

Compañía Minera Milpo SAA does not have any Key Executives recorded.

Compañía Minera Milpo SAA Key Developments

Milpo Reports Earnings Results and Operating Results for the Full Year Ended December 31, 2016

Milpo reported earnings results and operating results for the full year ended December 31, 2016. For the year, the company posted a USD 142 million profit for the whole of 2016 due to higher metals prices and lead and silver output. Net income quadrupled from USD 36.2 million a year earlier. Sales gained 14% to USD 715 million last year from USD 626 million in 2015. For the year, Lead concentrates production rose 11% to 50,165t last year, while silver output gained 9% to 8.32Moz and copper rose 3% to 41,552t. Zinc production slid 4% to 258,673t. Zinc sales fell 4% to 257,668t, while lead rose 10% to 49,596t and copper climbed 2% to 41,186t.

Compañía Minera Milpo SAA Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2016

Compañía Minera Milpo SAA reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported, revenues were $206.7 million against $143.2 million a year ago. EBITDA was $91.9 million against $32.6 million a year ago. Net profit was $52.4 million against $1.2 million a year ago. CAPEX was $11.9 million against $15.6 million a year ago. Operational profit was $73.7 million against $11.8 million a year ago. CAPEX was $11.9 million against $15.6 million a year ago. For the nine months, the company reported, revenues were $537.2 million against $491.4 million a year ago. Operating profit was $156.3 million against $88.0 million a year ago. Profit attributable to controlling interest was $107.4 million against $41.4 million a year ago. EBITDA was $212.6 million against $157.6 million a year ago. CAPEX was $80.1 million against $55.0 million a year ago. Net debt was $0.64 million against $0.59 million a year ago. For the quarter, total metal production was 90,642 tonnes against 88,296 tonnes a year ago. Zinc concentrate production was 67,821 tonnes against 67,503 tonnes a year ago. Copper concentrate production was 9,773 tonnes against 10,576 tonnes a year ago. Lead concentrate production was 13,048 tonnes against 10,216 tonnes a year ago. Silver concentrate production was 974,603 tonnes against 846,449 tonnes a year ago. For the nine months, total metal production was 264,062 tonnes against 269,245 tonnes a year ago. Zinc concentrate production was 195,722 tonnes against 206,470 tonnes a year ago. Copper concentrate production was 30,541 tonnes against 29,183 tonnes a year ago. Lead concentrate production was 37,798 tonnes against 33,592 tonnes a year ago. Silver concentrate production was 2,689,663 tonnes against 2,550,282 tonnes a year ago.

Compañía Minera Milpo SAA Presents at Mining & Investment Latin America Summit 2016, Oct-25-2016 04:30 PM

Compañía Minera Milpo SAA Presents at Mining & Investment Latin America Summit 2016, Oct-25-2016 04:30 PM. Venue: The Westin, Lima, Peru. Speakers: Victor Gobitz Colchado, Chief Executive Officer.

Similar Private Companies By Industry

Company Name Region
Activos Mineros S.A.C. Americas
Andes Exploration of Peru Numero Dos S.A.C. Americas
Andresmin Gold Corporation Americas
Aruntani S.A.C. Americas
Black Mountain Mining Corp. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 13, 2017
6,500 Hectares of New Mineral Concessions in Peru
Buyback
October 31, 2016
--
Merger/Acquisition
August 4, 2016
Minera Rayrock Ltda.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Compañía Minera Milpo SAA, please visit www.milpo.com.pe/Content/Index.aspx?aID=1380. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.