Buenaventura Profit Rises 40% as Gold, Silver Prices Rise

Cia. de Minas Buenaventura SA, Peru’s biggest precious-metals producer, said first-quarter profit increased 40 percent, its biggest gain in four quarters, as higher metals prices offset falling gold output.

Net income rose to $218.3 million, or 86 cents a share, from $156.4 million, or 61 cents, in the year-earlier period, Buenaventura said today in an e-mailed statement. Analysts expected profit of 94 cents a share on an adjusted basis, the average of three estimates in a Bloomberg survey.