Uncovering the Potential: Compañía de Minas Buenaventura Set to Soar Once Again
Description:
After a great 2023 for investor performance, Compañía de Minas Buenaventura has fallen -18% this calendar year with no dividend, impacted by minor declines in copper and gold production. The company is very profitable at US$2600 gold and $30 silver, with rising reserves, while high CAPEX this year and next is set to boost future production. I am forecasting another positive year for the monetary metals in 2025, with a forecast of $3500 gold and $40+ silver in 12 months, benefiting company results and growth rates.
Impact on Me:
As an investor, the potential rise in the prices of gold and silver can lead to increased profitability for Compañía de Minas Buenaventura. This could translate to higher stock prices and potential dividends in the future. It might be a good opportunity to consider investing in the company while metals prices are projected to increase.
Impact on the World:
If Compañía de Minas Buenaventura experiences a significant rise in profits and growth rates due to the forecasted increase in gold and silver prices, it could have a positive impact on the overall mining industry. This could lead to increased production, job opportunities, and economic growth in the regions where the company operates.
Conclusion:
With the potential for a positive year ahead fueled by the forecasted rise in gold and silver prices, Compañía de Minas Buenaventura is poised to bounce back and soar once again. As an investor, this could present an opportunity for growth and profitability, while on a larger scale, it could contribute to the overall well-being of the mining industry and economy.
