Bloomberg News

Peru Stocks: Buenaventura, Candente, Panoro, Rio Alto

May 02, 2012

The following companies had unusual price changes in Peru trading. Stock symbols are in parentheses, and share prices are as of market close in Lima.

The Lima General Index (IGBVL) fell 1.3 percent to 22,379.99 after yesterday’s holiday. The MSCI All Peru Capped Index slid 1 percent to 2,927.59.

Candente Copper Corp. (DNT) , a Canadian mining exploration company with operations in Peru, plunged 13 percent to 71 cents after copper declined in New York and an agreement for land rights for the company’s Canariaco copper deposit was delayed, said Jose Luis Bustamante, head of trading at Cartisa SAB.

Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, slid 4.2 percent to 69 cents.

Cia. Minera Atacocha SA (ATACOBC1 PE), the Lima-based zinc and silver mining company, dropped 8.2 percent to 56 centimos after first-quarter net income fell 90 percent to $665,000 and zinc futures declined in London.

Rio Alto Mining Ltd. (RIO) , a Canadian gold miner, fell 1.9 percent to $4.20 after gold slumped for a third session in New York.

Cia. de Minas Buenaventura SAA (BVN:US) (BVN PE), the country’s biggest precious-metals miner, declined 1 percent to $41.25. Euro Pacific Capital analyst Heiko Ihle cut the stock to neutral from buy.

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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Companies Mentioned

  • BVN
    (Cia de Minas Buenaventura SAA)
    • $10.92 USD
    • -0.24
    • -2.2%
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