| Ticker: BVN | Carlos Villaran 790, Santa Catalina, Apartado 2055 | |
| Exchange: New York Stock Exchange | Lima, Foreign 13 | |
| Industry: Manufacturing | 5114717278 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 4/22/96 | |
| U.S. Shares: | 3,540,000 | Offer Date: | 5/14/96 | |
| Non-U.S. Shares: | 2,360,000 | Filing Price: | $7.94 | |
| Primary Shares: | 5,900,000 | Offer Price: | $16.25 | |
| Secondary Shares: | 0 | Gross Spread: | $0.61 | |
| Offering Amount: | $46,846,000 | Selling: | $0.37 | |
| Expenses: | $2,770,000 | Reallowance: | $0.10 | |
| Shares Out After: | 71,909,375 |
| Manager | Tier | Phone |
| Baring Securities Inc. | Lead Manager | (212) 350-7700 |
| J.P. Morgan Securities Inc. | Co-manager | (212) 648-9922 |
| Salomon Brothers Inc. | Co-manager | (212) 783-2947 |
| Auditor: Coleridge y Associados | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $91.56 | Assets: | $179.83 | ||
| Net Income: | $20.82 | Liabilities: | $120.39 | ||
| EPS: | $0.41 | Equity: | $59.44 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is Peru's largest publicly-traded precious metals company. The company is engaged in the mining, processing, development and exploration of primarily gold and silver in Peru. The company operates four mines, has controlling interests in two mining companies that own the Ishihuinca and Shila mines, respectively, and has minority interests in several other mining companies, including a significant ownership interest in Yanacocha, a Peruvian company that operates South America's largest gold mine. The company's equity share of production in 1995 was approximately 83,000 ounces of gold and 8.8 million ounces of silver for these six mines and approximately 178,300 ounces of gold for Yanacocha. The company has been active in the mining industry since 1953, focusing during its first 25 years on the discovery and development of silver mines. |
| Use of Proceeds |
| The proceeds from the offering will be used to help finance the development of company projects, to finance investments in other companies and to fund capital expenditures. |
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