PRECIOUS METALS

Buenaventura may issue bond as it seeks to extend debt maturity

Peru’s Buenaventura is undertaking a multi-asset debottlenecking exercise to reduce costs, generate greater cash flow and extend mine lives, while also looking to restructure its debt as several development-stage projects approach project financing decisions, president Victor Gobitz told Mining Journal at the Denver Gold Forum in Denver, Colorado.

Paul Harris in Denver, Colorado
 Victor Gobitz, president of Peru's Buenaventura

Victor Gobitz, president of Peru's Buenaventura

"Our objective is to convert tier 2 and 3 projects into tier 1 assets with profitability of more than US$100 million a year and 10-year mine life," he said. Buenaventura's debt level currently stands...

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