Buenaventura Mining Company Inc. (NYSE:BVN) Q2 2020 Earnings Conference Call - Final Transcript

Jul 31, 2020 • 10:00 am ET


Buenaventura Mining Company Inc. (NYSE:BVN) Q2 2020 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen. Welcome to the Compania de Minas Buenaventura Second Quarter 2020 Earnings Conference Call.

[Operator Instructions]

I would now like to introduce your host for today's call, Mr. Rodrigo Echecopar, Investor Relations. Mr. Echecopar, you may begin.

Rodrigo Echecopar

Thank you very much.

Good morning, everyone, and thank you for joining us today to discuss our second quarter 2020 results. Today's discussion will be led by Mr. Victor Gobitz, CEO. Also joining our call today and available for your questions are Mr. Leandro Garcia, Vice President and CFO; Mr. Juan Carlos Ortiz, Vice President of Operations; Raul Benavides, Vice President of Business Development; Alejandro Hermoza, Vice President of Sustainability. Also will be present Mr. Roque Benavides, our Chairman.

This conference will include forward-looking statements, which are subject to various risk and uncertainties that could cause our actual results to differ materially from these statements. Any such statements should be considered in conjunction with cautionary statements within our earning release and risk factor discussions. I encourage you to read the full disclosure concerning forward-looking statements within the press release we filed on July 30th, 2020.

In addition, it is important to note that these statements include expectations and assumptions, which will be shared related to impact of COVID-19 pandemic. As seen on Slide 2, our forward-looking statements also provides information on risk factors, including the facts related to COVID-19 that could affect our financial results. In particular, there is significant uncertainty about the duration and complemented impact of the COVID-19 pandemic. This means when interim results could change at any time and the impact of COVID-19 on the Company's business results and outlook is a best estimate based on information available as of today.

Please note that in the interest of safety, we're, again, utilizing a more visual approach in exercising social distancing for conducting this call this quarter. We would ask you to bear that in mind in light of any potential technological difficulties which could occur.

At this time, let me now turn the call over to Victor Gobitz. Victor, please, go ahead.

Victor Gobitz

Thank you, Rodrigo. Good morning to all, and thank you for attending this conference call. Before we start this presentation, we would like to wish you, your family and friends, health and well-being at this difficult time. We are pleased to present our results for the second quarter of 2020 from Compania de Minas Buenaventura.

We have prepared a PowerPoint presentation, which is available in our webpage. Before we go further, please take a moment to review the cautionary statement shown on Slide number 2. Please consider that disclosure related to the COVID-19 pandemic.

Moving on to Slide 3. Highlights were as follows. In the second quarter of this year, results were adversely impacted by the state of emergency and related mandated lockdown instituted by the Peruvian government in order to contain the spread of the corona virus as part of Buenaventura two-phased plan on May 15th, Tambomayo, Uchucchacua, El Brocal and Coimolache began the