Reported Earnings • Apr 27
First quarter 2026 earnings released: EPS: US$0.019 (vs US$0.009 in 1Q 2025) First quarter 2026 results: EPS: US$0.019 (up from US$0.009 in 1Q 2025). Revenue: US$361.3m (up 30% from 1Q 2025). Net income: US$71.8m (up 108% from 1Q 2025). Profit margin: 20% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Mar 07
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • 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 Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.011 (vs US$0.01 in 3Q 2024) Third quarter 2025 results: EPS: US$0.011 (up from US$0.01 in 3Q 2024). Revenue: US$292.5m (up 6.4% from 3Q 2024). Net income: US$42.2m (up 7.8% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: US$0.01 (vs US$0.003 in 2Q 2024) Second quarter 2025 results: EPS: US$0.01 (up from US$0.003 in 2Q 2024). Revenue: US$290.2m (up 33% from 2Q 2024). Net income: US$38.0m (up 266% from 2Q 2024). Profit margin: 13% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in South America are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.8% average weekly change). Minor Risk High level of debt (117% net debt to equity). Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: US$0.009 (vs US$0.005 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.009 (up from US$0.005 loss in 1Q 2024). Revenue: US$277.8m (up 57% from 1Q 2024). Net income: US$34.5m (up US$53.7m from 1Q 2024). Profit margin: 12% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in South America are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 5.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.1% average weekly change). Minor Risks High level of debt (128% net debt to equity). Large one-off items impacting financial results. New Risk • Mar 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 131% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (131% net debt to equity). Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results. Announcement • 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 Reported Earnings • Feb 23
Full year 2024 earnings released: EPS: US$0.036 (vs US$0.003 loss in FY 2023) Full year 2024 results: EPS: US$0.036 (up from US$0.003 loss in FY 2023). Revenue: US$960.5m (up 8.8% from FY 2023). Net income: US$137.1m (up US$147.1m from FY 2023). Profit margin: 14% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. New Risk • Nov 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Peruvian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risk Large one-off items impacting financial results. 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 fallen by 29% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 23
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to S/0.23. The fair value is estimated to be S/0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. 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 3.0% 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 only fallen by 20% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 23
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to S/0.24. The fair value is estimated to be S/0.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 11%. Reported Earnings • Mar 31
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 fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
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 fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
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 3.2% growth forecast for the Metals and Mining industry in South America. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
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 fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 14
Consensus revenue estimates decrease by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$1.02b to US$862.0m. EPS estimate unchanged at US$0.01 per share. Net income forecast to grow 80% next year vs 7.7% decline forecast for Metals and Mining industry in Peru. Consensus price target broadly unchanged at S/0.67. Share price was steady at S/0.45 over the past week. Announcement • 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 fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 17
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 07
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 only increased by 11% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$1.02b to US$1.00b. EPS estimate rose from US$0.01 to US$0.02. Net income forecast to grow 106% next year vs 7.0% decline forecast for Metals and Mining industry in Peru. Consensus price target broadly unchanged at S/0.72. Share price rose 8.1% to S/0.67 over the past week. 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 Peru. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2022 earnings: Revenues exceed analyst expectations 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. Revenue exceeded analyst estimates by 18%. Over the next year, revenue is expected to shrink by 21% compared to a 2.3% decline forecast for the industry in Peru. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, 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 fallen by 21% per year, 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 fallen by 13% per year, 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 fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 07
New 90-day high: S/0.82 The company is up 95% from its price of S/0.42 on 04 December 2020. The Peruvian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 29% over the same period. 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 fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 10
New 90-day high: S/0.76 The company is up 100% from its price of S/0.38 on 11 November 2020. The Peruvian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: S/0.57 The company is up 49% from its price of S/0.38 on 23 October 2020. The Peruvian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 25
New 90-day high: S/0.49 The company is up 29% from its price of S/0.38 on 25 September 2020. The Peruvian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: S/0.43 The company is up 2.0% from its price of S/0.42 on 10 September 2020. The Peruvian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. 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 fallen by 36% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: S/0.37 The company is down 16% from its price of S/0.44 on 31 July 2020. The Peruvian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period.