Bloomberg News

Peru Stocks: Buenaventura, Candente, Rio Alto Mining Are Active

June 08, 2012

The following companies are having unusual price changes in Peru trading. Stock symbols are in parentheses, and share prices are as of 11:23 a.m. Lima time.

The Lima General Index (IGBVL) fell 0.4 percent to 20,934.06. The MSCI All Peru Capped Index declined 0.2 percent to 2,730.95.

Cia. de Minas Buenaventura SAA (BVN:US) (BVN PE), the country’s biggest precious-metals mining company, was the Lima General Index’s biggest winner, climbing 1 percent to $40.75. Lima-based Buenaventura said the union at its Orcopampa mine ended a strike that began May 26.

Candente Copper Corp. (DNT) , the Canadian mining exploration company with operations in Peru, fell 11 percent to 54 cents, the lowest since October 2010. Copper fell the most in two weeks after Federal Reserve Chairman Ben S. Bernanke damped this week expectations of additional U.S. monetary stimulus.

Rio Alto Mining Ltd. (RIO) , a Canadian gold exploration company, declined 1.4 percent to $4.29 as the precious metal fell in New York.

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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Companies Mentioned

  • BVN
    (Cia de Minas Buenaventura SAA)
    • $9.33 USD
    • 0.05
    • 0.54%
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