Compania de Minas Buenaventura SAA (ADR) – $BVN – Confident Investor Rating: Poor

The following company description is from Google Finance: http://www.google.com/finance?q=bvn

Compania de Minas Buenaventura SAA (Buenaventura) is a Peru-based mining company engaged in the exploration, mining, smelting and commercialization of gold and silver, as well as other metals and minerals. The Company operates directly seven Peruvian mining units located in Uchucchacua, Orcopampa, Poracota, Julcani, Recuperada, Antapite and Ishihuinca; as well as indirectly the mines of Shila-Paula, La Zanja and Colquijirca. Through its subsidiaries, the Company is also involved in the generation and distribution of electric power, as well as in the provision of engineering and chemical processing services. The Company owns such subsidiaries as Compania Minera Condesa SA, Minera La Zanja SRL, Inversiones Colquijirca SA, Consorcio Energetico de Huancavelica SA, Buenaventura Ingenieros SA, CEDIMIN SAC and Minera Julcani Sa de CV, among others.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Compania de Minas Buenaventura SAA (ADR). It is not possible to confidently invest in a company that is not currently profitable. I am removing the stock from my Watch List.
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