Bloomberg News

Peru Stocks: Buenaventura, Rio Alto Mining, Southern Copper Fall

October 13, 2011

Oct. 13 (Bloomberg) -- The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of the close of trading.

The Lima General Index rose 0.4 percent to 18,623.62. The MSCI All Peru Capped Index retreated 0.3 percent to 2,443.87.

Copper producers fell as the metal declined on concern that Europe’s sovereign-debt crisis will damp global growth and curb Chinese demand.

Southern Copper Corp. (SCCO PE), Peru’s biggest producer of the metal, snapped a three-day winning to fall 2.1 percent to $27.20. Candente Copper Corp. (DNT PE), the Canadian mining exploration company with operations in Peru, slid the most in a week, retreating 1.9 percent to $1.01.

Gold companies declined as gains in the dollar curbed demand for the metal as an alternative asset.

Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, fell the most in two weeks, dropping 3.2 percent to $40.65. Rio Alto Mining Ltd. (RIO PE), a Canadian gold exploration company, dropped 3.7 percent to $2.58.

--Editors: Brendan Walsh, Glenn J. Kalinoski

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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