Bloomberg News

Peru Stocks: Buenaventura, El Brocal, Minsur, Southern Copper

October 31, 2011

Oct. 31 (Bloomberg) -- The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses and share prices are as of 1:44 p.m. local time.

The Lima General Index fell 1.8 percent to 19,692.95. The MSCI All Peru Capped Index dropped 2.5 percent to 2,588.61.

Miners slumped after U.S. stocks declined and metal prices dropped in New York and London, said Javier Frisancho, a trader at Lima-based brokerage Kallpa Securities SAB.

Rio Cristal Resources Corp. (RCZ PE), a Canadian exploration company, fell 6.7 percent to 14 cents. Cia. de Minas Buenaventura SAA (BVN PE), the country’s biggest precious-metals miner, dropped 5.3 percent to $40.95 after Chief Financial Officer Carlos Galvez cut the 2012 output forecast for the Yanacocha gold mine. Sociedad Minera El Brocal SAA (BROCALC1 PE), a zinc and lead producer, declined 4.3 percent to 45 soles. Minsur SA (MINSURI1 PE), the world’s fourth-largest tin producer, slid 3.6 percent to 2.70 soles. Southern Copper Corp. (SCCO PE), Peru’s biggest copper producer, fell 3.2 percent to $30.99.

Casa Grande (CASAGRC1 PE), Peru’s largest sugar producer, dropped 3.6 percent to 14.31 soles as futures declined in New York.

--Editors: Richard Richtmyer, Lester Pimentel

To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net.

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


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