Board Change • May 20
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Jose Juan Picasso Salinas is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 02
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Jose Juan Picasso Salinas is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Mar 03
Volcan Compañía Minera S.A.A., Annual General Meeting, Mar 26, 2026 Volcan Compañía Minera S.A.A., Annual General Meeting, Mar 26, 2026, at 10:00 SA Pacific Standard Time. Location: 373 manuel olguin avenue, 1st floor, santiago de surco Peru Board Change • Dec 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Jose Juan Picasso Salinas is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 17
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). Director Jose Juan Picasso Salinas is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Mar 01
Volcan Compañía Minera S.A.A., Annual General Meeting, Mar 27, 2025 Volcan Compañía Minera S.A.A., Annual General Meeting, Mar 27, 2025, at 10:00 SA Pacific Standard Time. Location: ave manuel olguin 373 1st floor, santiago de surco Peru Board Change • Dec 24
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Chairman Ricardo Nicolas Huergo was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$0.01 (vs US$0 in 3Q 2023) Third quarter 2024 results: EPS: US$0.01 (up from US$0 in 3Q 2023). Revenue: US$274.8m (up 20% from 3Q 2023). Net income: US$39.2m (up US$39.1m from 3Q 2023). Profit margin: 14% (up from 0% in 3Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 31
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.003 (vs US$0.003 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.003 (up from US$0.003 loss in 2Q 2023). Revenue: US$218.3m (up 2.3% from 2Q 2023). Net income: US$10.4m (up US$22.2m from 2Q 2023). Profit margin: 4.8% (up from net loss in 2Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 3.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 01
Full year 2023 earnings released: US$0.003 loss per share (vs US$0.021 loss in FY 2022) Full year 2023 results: US$0.003 loss per share (improved from US$0.021 loss in FY 2022). Revenue: US$883.1m (down 7.2% from FY 2022). Net loss: US$9.98m (loss narrowed 88% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 17
Full year 2023 earnings released: US$0.003 loss per share (vs US$0.021 loss in FY 2022) Full year 2023 results: US$0.003 loss per share (improved from US$0.021 loss in FY 2022). Revenue: US$883.1m (down 7.2% from FY 2022). Net loss: US$9.98m (loss narrowed 88% from FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 2.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$229.8m (up 3.2% from 3Q 2022). Net income: US$98.0k (up US$30.5m from 3Q 2022). Profit margin: 0% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$213.3m (flat on 2Q 2022). Net loss: US$11.8m (loss narrowed 3.3% from 2Q 2022). Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in South America are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Feb 18
Glencore Mulls Sale of Volcan Compania Minera Stake Glencore Plc (LSE:GLEN) is considering a potential exit from Peruvian miner Volcan Compania Minera (BVL:VOLCABC1) in which it holds an economic interest of 23.3%. Glencore started the assessment process in the fourth quarter of last year, the company disclosed in its 2022 preliminary results presentation. Further details about the potential sale process were not disclosed. Reported Earnings • Feb 12
Full year 2022 earnings released: US$0.021 loss per share (vs US$0.01 profit in FY 2021) Full year 2022 results: US$0.021 loss per share (down from US$0.01 profit in FY 2021). Revenue: US$951.3m (up 1.5% from FY 2021). Net loss: US$81.4m (down 304% from profit in FY 2021). Revenue is expected to fall by 1.7% p.a. on average during the next 2 years compared to a 2.6% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Carlos Francisco Fernandez Navarro was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$222.8m (flat on 3Q 2021). Net loss: US$30.4m (down US$31.1m from profit in 3Q 2021). Revenue is expected to fall by 2.9% p.a. on average during the next 3 years compared to a 2.4% decline forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: US$213.2m (down 7.9% from 2Q 2021). Net loss: US$12.2m (down 174% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 4.4% compared to a 1.3% growth forecast for the industry in Chile. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 07
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$279.4m (up 33% from 1Q 2021). Net income: US$38.2m (up US$36.8m from 1Q 2021). Profit margin: 14% (up from 0.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 21% compared to a 2.3% decline forecast for the industry in Chile. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. CEO & Director Carlos Francisco Fernandez Navarro was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$231.5m (up 354% from 2Q 2020). Net income: US$16.6m (up US$62.6m from 2Q 2020). Profit margin: 7.2% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 03
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$209.4m (up 60% from 1Q 2020). Net income: US$1.33m (up US$32.8m from 1Q 2020). Profit margin: 0.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: US$0.039 loss per share (vs US$0.018 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$535.5m (down 28% from FY 2019). Net loss: US$150.4m (loss widened 114% from FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Full year 2020 earnings released: US$0.039 loss per share (vs US$0.018 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$535.5m (down 28% from FY 2019). Net loss: US$150.4m (loss widened 114% from FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Jan 28
Volcan Compañía Minera S.A.A.(BVL:VOLCABC1) dropped from FTSE All-World Index (USD) Volcan Compañía Minera S.A.A.(BVL:VOLCABC1) dropped from FTSE All-World Index (USD) Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$0.002 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$173.5m (up 2.5% from 3Q 2019). Net income: US$7.81m (up US$28.6m from 3Q 2019). Profit margin: 4.5% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Oct 07
Volcan Reportedly Considers Sale of Assets Volcan Compañía Minera S.A.A. (BVL:VOLCABC1) seeks to refinance its debt after securing a loan of $300 million (€260.09 million) in August 2020 through a syndicated loan with eight banks. For this, the company is considering the sale of some assets or an equity emission.