INDEX ANNOUNCEMENT S&P/ BVL Rebalance Results

Total Page：16

File Type：pdf, Size：1020Kb

INDEX ANNOUNCEMENT S&P/ BVL Rebalance Results

S&P/ BVL Rebalance Results NEW YORK, SEPTEMBER 9, 2016: S&P Dow Jones Indices announces changes for the S&P/BVL Peru General, S&P/BVL Peru Select, S&P/BVL Lima 25, S&P/BVL Sectors and Sub-Sectors and S&P/BVL Juniors. The changes will be effective after the close of trading on Friday, September 16, 2016. Additions Index Company Name Ticker Empresa Siderurgica del Peru S&P/BVL Peru General SIDERC1 S.A.A. S&P/BVL Peru General PPX Mining Corp PPX S&P/BVL Peru General Candente Copper Corp DNT S&P/BVL Peru General Andino Investment Holdings SA AIHC1 S&P/BVL Peru General Bolsa de Valores de Lima S.A. BVLAC1 S&P/BVL Peru General Volcan Compania Minera S.A.A. A VOLCAAC1 S&P/BVL Peru Select Trevali Mining Corporation TV Empresa Siderurgica del Peru S&P/BVL Construction SIDERC1 S.A.A. S&P/BVL Mining PPX Mining Corp PPX S&P/BVL Mining Candente Copper Corp DNT S&P/BVL Mining Volcan Compania Minera S.A.A. A VOLCAAC1 S&P/BVL Financials & Bolsa de Valores de Lima S.A. BVLAC1 Real Estate Empresa Siderurgica del Peru S&P/BVL Industrials SIDERC1 S.A.A. S&P/BVL Industrials Andino Investment Holdings SA AIHC1 INDEX ANNOUNCEMENT c G R Deletions Index Company Name Ticker S&P/BVL Peru General Minera IRL Ltd MIRL S&P/BVL Peru Select Minsur S.A. MINSURI1 S&P/BVL Peru Select Luz Del Sur SA LUSURC1 S&P/BVL Mining Minera IRL Ltd MIRL Please note that for S&P/BVL Lima 25, S&P/BVL Juniors, S&P/BVL Consumer, S&P/BVL Electric Utilities and S&P/BVL Public Services there are no changes in their constituents. For more information about S&P Dow Jones Indices, please visit www.spdji.com INDEX ANNOUNCEMENT ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spdji.com. FOR MORE INFORMATION: David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices (+1) 212 438 3907 [email protected] S&P Dow Jones Indices [email protected] INDEX ANNOUNCEMENT .

Copy Link

Recommended publications

Latin America's Leading Mining & Investment Expo and Conference
650 80 200+ 150+ 30 200+ ATTENDEES SPEAKERS MINING INVESTORS COUNTRIES MEETINGS COMPANIES REPRESENTED ARRANGED www.mininglatam.com Sponsors, Partners & Supporting Organisations PLATINUM & COCKTAIL SPONSOR GOLD SPONSOR SILVER SPONSORS BRONZE SPONSORS MASGLAS MINING PARTNERS AIRLINE PARTNER SUPPORTING ORGANISATIONS MEDIA PARTNERS COUNTRY PARTNER www.mineriaenergia.com Register your place today www.mininglatam.com Latin America’s leading Mining & Investment Expo and Conference Connecting the entire mining community Meet the senior decision-makers from the biggest players in the Latin American mining industry 650 80+ 4 150+ 200+ 30 ATTENDEES WORLD CLASS SPEAKERS STAGES INVESTORS MINING COMPANIES COUNTRIES REPRESENTED Atrracting a senior audience, The best speakers in the industry 2 days packed with over 20 hours Meet local and international Meet the leading mining Opportunity to exchange 72% of which are government taking attendees on a journey of content, inspirational sessions investors with real interest in companies and find out the experiences with the global officials,miners and investors through Commodity prices, led by our expert speakers: Main investment opportunities in the latest mining projects in Latin community from different parts of looking for new business Financing Trends, Country Conference room, Junior Miner Latam Mining industry America Latin America opportunities Insights, CSR and more Roadshow, CSR Roundtable, Major Roundtable AUDIENCE BREAKDOWN COUNTRY BREAKDOWN SENIORITY BREAKDOWN 20% Canada 10% Government 5% Europe
[Show full text]
Directoriodirectorio
DIRECTORIODIRECTORIO EMPRESAS MINERAS ALTURAS MINERALS CORP. CAÑARIACO COPPER PERÚ Av. Del Pinar 180, Of. 804, Cal. Manuel De Falla Nro. 295 Urb. Chacarilla del Estanque, OF. 401 .San Borja, Lima. Surco, Lima. Telf.: (51-1) 715-2001 Telf.: (51-1) 372-3739 www.candentegold.com www.alturaminerals.com Metal Principal: Cu Metal Principal: Au ANGLO AMERICAN MICHIQUILLAY CANDENTE GOLD PERÚ Calle Esquilache Nro. 371 (Piso 10) Cal. Manuel De Falla Nro. 295 San Isidro, Lima. Dpto. 401. San Borja, Lima Telf.: (51-1) 614-6000 / 421-7788 Telf.: (51-1) 715-2001 www.angloamerican.pe www.candentegold.com Metal Principal: Cu Metal Principal: Cu APURÍMAC FERRUM CANTERAS DEL HALLAZGO Cal.Juan Del Carpio Nro. 195 Proyecto Chucapaca San Isidro, Lima. Cal. Las Begonias Nro. 415, Metal Principal: Hierro Piso 19, San Isidro, Lima. Telf.: (511) 419-2500 www.buenaventura.com Metal principal: Au, Pb,Cu ARUNTANI CATALINA HUANCA SOCIEDAD MINERA Av. Principal 560, Of. 402, Córpac Av. Santo Toribio 173 San Isidro, Lima. San isidro, Lima Telf.: (51-1) 700-7000 Telf.: (51-1):705-3788 Metal Principal: Au Metal principal: metalíferos no ferrosos BEAR CREEK MINING CORPORATION COMPAÑÍA DE MINAS BUENAVENTURA Av. La República de Panamá La Begonias 415, Piso 19 3505, Piso 6, San Isidro, Lima. San Isidro, Lima. Telf.: (51-1) 222-0922 Telf.: (51-1) 419-2500 www.bearcreekmining.com www.buenaventura.com Metal Principal: Ag Metal Principal: Au, Cu, Ag 112 DIRECTORIO COMPAÑÍA MINERA ALPAMARCA COMPAÑÍA MINERA CASAPALCA Av. Manuel Olguín Nro. 373 Los Carolinos 199 Surco, Lima. Miraﬂ ores, Lima. Telf.: (51-1) 416-7000 Telf.: (51-1) 6101200 www.volcan.com.pe www.casapalca.com.pe Metal Principal: Pb-Zn-Ag-Cu Metal: Polimetálico COMPAÑÍA MINERA ANTAMINA COMPAÑÍA MINERA CAUDALOSA Av.
[Show full text]
Informe Diario Informe Diario Presentado Por Seminario SAB 8 De Abril
Informe diario Informe diario presentado por Seminario SAB 8 de abril Mercado local Mercado internacional • El S&P Perú General cerró con ganancias (+1.0%); toda vez • El mercado de renta variable de Estados Unidos cerró que el retroceso de los sectores Eléctrico (-0.5%), Servicios en territorio positivo en medio del avance de las (-0.5%), Industrial (-0.9%), Construcción (-1.6%) y Minero (-3.6%) fuera contrarrestado por el avance del sector Financiero compañías de seguros. Esto luego de que el candidato (+8.4%). demócrata Bernie Sanders declinara de continuar con Lo más destacado de la jornada su campaña presidencial, dejando el camino libre a Joe Px Cierre Δ% Día Volumen° Biden -cuya política de Medicare habría socavado el Las que más subieron Panoro Minerals* 0.055 10.00 18,439 actual sistema de salud privado-, quien se enfrentaría Credicorp* 135.99 9.58 2,166,158 al presidente Trump en las elecciones generales. Trevali Mining Corp* 0.070 7.69 76,000 Asimismo, el entusiasmo encontró soporte en la menor IFS Corp* 25.35 6.07 2,484,698 Refinería La Pampilla 0.054 1.89 42,934 tasa de crecimiento de los nuevos casos de contagio, Las que más bajaron lo que se enfatizó con un tweet por parte de Trump, Rimac Seguros y Reaseguros 1.10 -12.00 44,000 Emp. Siderúrgica del Perú 0.66 -9.59 42,980 señalando que se estaría llegando al punto álgido de la ADR Minas Buenaventura* 7.06 -9.49 397,299 infección. Nexa Resources Perú C 2.00 -4.76 716,000 Scotiabank Perú 23.00 -4.17 31,970 • Los principales índices europeos cerraron en terreno Las más negociadas mixto luego de que la reunión de ministros de finanzas Coril Instrumentos de Corto y Mediano Plazo 1* 299.59 0.04 5,259,255 IFS Corp* 25.35 6.07 2,497,668 del bloque terminó sin un acuerdo respecto a al Credicorp* 135.99 2.25 2,177,465 estímulo fiscal de EUR 0.5 BN a aplicar.
[Show full text]
Mina Justa Project Is 99% Complete,5.7 and EVOLUTION It Is Expected of STOCK Start Operationsprice in the Rst Quarter of 2021
ANNUAL REPORT ANNUAL 2020 REPORT 2020 CONTENT PAG 5. GENERAL INFORMATION 57 5.1 CORPORATE NAME 57 5.2 CORPORATE PURPOSE AND TERM 57 5.3 INCORPORATION AND REGISTRATION 57 5.4 ECONOMIC GROUP 57 5.5 SOCIAL CAPITAL, NUMBER AND NOMINAL VALUE OF SHARES 58 5.6 TYPES OF SHARES AND SHAREHOLDING STRUCTURE 58 5.7 EVOLUTION OF STOCK PRICE 60 5.8 TAX TREATMENT 60 5.9 JUDICIAL, ADMINISTRATIVE OR ARBITRATION PROCEEDINGS 61 6. CORPORATE GOVERNANCE 63 6.1 PROFESSIONAL TRAJECTORY OF DIRECTORS 63 6.2 OTHER ASPECTS RELATED TO THE BOARD OF DIRECTORS 66 6.3 PROFESSIONAL TRAJECTORY OF MANAGERS 66 World-class 4 1 Peruvian mining ANNUAL REPORT 2020 CONTENT PAG 5. GENERAL INFORMATION 57 5.1 CORPORATE NAME 57 5.2 CORPORATE PURPOSE AND TERM 57 5.3 INCORPORATION AND REGISTRATION 57 5.4 ECONOMIC GROUP 57 5.5 SOCIAL CAPITAL, NUMBER AND NOMINAL VALUE OF SHARES 58 5.6 TYPES OF SHARES AND SHAREHOLDINGANNUAL STRUCTURE 58 5.7 EVOLUTION OF STOCK PRICE 60 5.8 TAX TREATMENT REPORT 60 5.9 JUDICIAL, ADMINISTRATIVE OR ARBITRATION PROCEEDINGS 61 6. CORPORATE GOVERNANCE 63 6.1 PROFESSIONAL TRAJECTORY OF DIRECTORS 63 6.2 OTHER ASPECTS RELATED TO THE BOARD2020 OF DIRECTORS 66 6.3 PROFESSIONAL TRAJECTORY OF MANAGERS 66 42 2 ANNUAL REPORT 2020 >CONTENTTABLE OF CONTENTS PAG 5. GENERAL INFORMATION 57 CONTENT PAG CONTENT5.1 CORPORATE NAME P57AG 1. OUR COMPANY 9 1. OUR COMPANY5.2 CORPORATE PURPOSE AND TERM 957 1.1 VISION, MISSION AND VALUES 17 5.31.1 VISION,INCORPORATION MISSION AND REGISTRATIONVALUES 1757 1.2 BOARD OF DIRECTORS AND MANAGEMENT STRUCTURE 18 5.41.2 BOARDECONOMIC OF DIRECTORS GROUP AND MANAGEMENT STRUCTURE 1857 1.2.1 Minsur Board of Directors 18 5.51.2.1 SOCIAL Minsur CAPITAL, Board of NUMBER Directors AND NOMINAL VALUE OF SHARES 1858 1.2.2 Managers 19 5.61.2.2 TYPES Managers OF SHARES AND SHAREHOLDING STRUCTURE 1958 2.
[Show full text]
Cartera Abr 2013 300413 HM
PERU: CARTERA ESTIMADA DE PROYECTOS MINEROS POTENCIA DE PUESTA EN INVERSION PRODUCCION X AÑO ENERGIA ID EMPRESA LOCAL PAIS INV. INVERSIONISTA NOMBRE PROYECTO REGION PROVINCIA DISTRITO MINERAL MARCHA US$ MM ADICIONAL PROYECTADA MW AMPLIACIONES 1 SPCC MEXICO Grupo Mexico Ampliación Cuajone MOQUEGUA MARISCAL NIETO TORATA Cu 2013 300 22,000 TMF/ Cu 17 2 SPCC MEXICO Grupo Mexico Ampliación Fundición MOQUEGUA ILO PACOCHA Cu Por definir 200,000 TM 10 100,000 TMF/ Cu 3 SPCC MEXICO Grupo Mexico Ampliación Toquepala TACNA JORGE BASADRE ILABAYA Cu 2014 600 25 3,100 TM / Mo 4 SPCC MEXICO Grupo Mexico Ampliación Refinería de Ilo MOQUEGUA ILO PACOCHA Cu Por definir 820,000 TM 8 Ampl. de 3.9 a 5.8 Mill 5 COMPANIA MINERA MISKI MAYO S.R.L. BRASIL Vale Ampliación Bayovar PIURA SECHURA SECHURA Fosfatos 2014 520 TM / Fosfatos 6 MINERA BARRICK MISQUICHILCA S.A. CANADA Barrick Gold Corp. Ampliación Lagunas Norte LA LIBERTAD SANTIAGO DE CHUCO QUIRUVILCA Au 2013 400 7 SHOUGANG HIERRO PERU S.A.A. CHINA Shougang Corporation Ampliación Marcona ICA NAZCA MARCONA Fe 2014 1,480 3.5 Mill TM / Fe 240 272,000 TMF / Cu 7,257 8 SOCIEDAD MINERA CERRO VERDE S.A.A. USA Freeport-MacMoran Copper Ampliación Cerro Verde AREQUIPA AREQUIPA YARABAMBA Cu 2016 4,400 340 TMF/ Mo 9 SOCIEDAD MINERA EL BROCAL S.A.A. PERU Grupo Buenaventura Ampliación Colquijirca PASCO PASCO TINYAHUARCO Polimetalico 2013 305 220,000 TMF/ Zn 35 CON EIA APROBADO EN CONSTRUCCION Anglo American 81.9 %, 10 ANGLO AMERICAN QUELLAVECO S.A. UK / JAPON Quellaveco MOQUEGUA MARISCAL NIETO TORATA Cu 2016 3,300 225,000 TMF / Cu 140 Mitsubishi 18.1% Andean American Mining 11 INVICTA MINING CORP S.A.C.
[Show full text]
Equity Research
Equity Research May 12th, 2020 Monthly Andean Strategy Update Chile continues to be the safe haven; upgraded to OW. Colombia remains UW. In April, Chile was the clear winner among our markets, posting a 16.5% yield is USD terms, outperforming not only both Peru (+3.9%) and CREDICORP CAPITAL RESEARCH Colombia (4.3%) but also global emerging markets (+9.0%) and overall Latam markets (+6.0%). Chile has emerged as the winner in handling the COVID-19 crisis. Daniel Velandia, CFA Upgrading to overweight. +(571) 3394400 ext. 1505 ▪ The government has successfully managed the crisis, avoiding massive [email protected] national quarantines, mitigating the impact on economic activity. ▪ The approval rate of President Piñera has improved, and the plebiscite Carolina Ratto has been postponed until Oct-20. +(562) 2446 1768 ▪ Visibility on earnings growth is low. We believe selectivity is key in order [email protected] to navigate the volatility of the market. ▪ The 1Q20 earnings season has started, and there have been several Andrés Cereceda positive surprises. However, the retail sector will be key to monitor. +(562) 2446 1798 ▪ Assuming a ~25% drop in earnings for this year, the market would be [email protected] trading at ~17x P/E, which is in line with a longer-time average that includes several crises. Sebastián Gallego, CFA ▪ Our Top Picks are Concha y Toro, Colbun and Andina-B. +(571) 3394400 ext. 1594 We remain underweight in Colombia as we do not see a compelling [email protected] equity story or strong catalysts ahead when compared to the region; higher oil prices could give hope to the country.
[Show full text]
Equity Market Development in Latin America
1. INTRODUCTION 1 Equity Market Development in Latin America Peru This report examines and makes recommendations aimed at strengthening equity market development in Peru. It was developed as part of the work of the OECD Latin American Corporate Governance Roundtable’s Task Force on Equity Market Development, and served as a reference for Task Force discussions that took place in Argentina in June 2018. The report on Peru and additional country reports on Argentina, Brazil, Chile, Colombia and Mexico have drawn upon an OECD survey of company and investor perceptions in these six countries as well as additional research and interviews with market regulators, participants and other stakeholders. The six country chapters have also served as a reference for the 2019 OECD publication, “Equity Market Development in Latin America: Enhancing Access to Corporate Finance”, which provides a more comparative perspective on developments across all six countries. The report was prepared by Andres Bernal ([email protected]) and Edna Correa, under the supervision of .Daniel Blume, Senior Policy Analyst, OECD Corporate Governance and Corporate Finance Division Special thanks are due to Marco Antonio Saldivar and Magaly Martinez of BVL, Gerardo Gonzalez of Procapitales, Miguel Puga of PWC and Enrique Solano. SMV also helped us to acquire information, interviews and data required to prepare this document. This work is published under the responsibility of the Secretary-General of the OECD. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD or of the governments of its member countries or those of the European Union. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.
[Show full text]
Annual Integrated Report 2015 Corporate Management and Sustainability
1 ANNUAL INTEGRATED REPORT 2015 CORPORATE MANAGEMENT AND SUSTAINABILITY 3 INDEX Statement of responsibility Pág.5 Letter from the President of the Board of Directors Pág.7 Message from the General Manager Pág.10 Innovation for long- Operating world- term growth class assets A trajectory 1of values Pág. 13 3 Pág. 59 5 Pág. 81 1.1 Historical overview Pág.15 3.1 Expansion Projects Pág.61 5.1 Our safety performance Pág.83 1.2 Our corporate governance 3.2 Innovation projects and new 5.2 Safety practices Pág.85 practices Pág.17 technologies Pág.65 5.3 Occupational health performance Pág.87 Pág.20 1.3 Our culture 3.3 Explorations Pág.66 1.4 Our stakeholders Pág.25 1.5 Our operations and projects Pág.28 1.6 Economic and sectoral context Financial soundness in 2015 Pág.31 for new market A shared 4development Pág. 68 6responsibility Pág. 91 Operational excellence 4.1 Long-term business relationship 6.1 Our work profile Pág.93 and maximum 6.2 Talent attraction and retention Pág.98 2productivity Pág. 36 strategy Pág.70 4.2 Our market performance Pág.72 6.3 Training and development Pág.99 2.1Performance of our operations Pág.38 4.3 Financial results Pág.74 6.4 Performance assessments Pág.101 2.2 Standards for our operations and 4.4 Economic value of our operations Pág.79 supply chain Pág.55 INDEX A drive for 7compliance Pág. 103 7.1 Environmental management approach Pág.105 8.6 Social Programs in Pucamarca 9.7 Evolution of stock price Pág.136 7.2 Compliance Pág.107 MU Pág.127 9.8 Tax treatment Pág.137 7.3 Water resources management Pág.108 8.7 Social Programs in the SPR of 9.9 Judicial, administrative or 7.4 Effluent and waste management Pág.110 Pisco Pág.129 arbitration procedures Pág.139 7.5 Materials management Pág.113 8.8 Local procurement Pág.130 9.10 Professional Trajectory of 7.6 Energy and emissions Directores Pág.140 Pág.114 management 9.11 Other aspects related to the Board of Directors Pág.143 Capacities for our Corporate 9.12 Remuneration of the Board of 8communities Pág.
[Show full text]
KPMG Global Mining Institute
Peru country mining guide KPMG Global Mining Institute February 2016 kpmg.com/miningamericas Executive summary 1 Table of Country snapshot 3 EIU (Economist Intelligence Unit) rankings: contents ease of doing business 4 Type of government 5 Economy and fiscal policy 6 Fraser institute rankings 8 Regulatory environment 9 Sustainability and environment 11 Taxation 12 Stability agreements 14 Power supply 18 Infrastructure development 20 Labor relations and employment 21 Inbound and outbound investment 22 Key commodities – production and reserves 23 Major mining companies in Peru 25 Further insight from KPMG 27 KPMg global mining practice 28 Mining centers 29 © 2015 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. Peru | Country mining guide 1 Executive summary Peru is the world’s third largest producer in December 2014 to 186,450 tonnes for doing business, ranking second of copper, after Chile and China, and in December 2015. The Mining and in the Latin American region in World holds the third-largest copper reserves. Energy Minister, Rosa Ortiz, estimated Bank’s Doing Business 2016. Peru is also the third largest producer of that the increased production from silver in the world, and the sixth largest the expansions of the Toromocho, A long way to go producer of gold. The country also Constancia and Cerro Verde mines has significant reserves of coal, iron would enable the country to produce an Peru currently ranks in the middle of ore, silver, tin, sulfur and zinc. Mineral estimated 2.5 million tonnes of copper World Bank’s ease of doing business exports account for approximately in 2016.
[Show full text]
Carta De Bienvenida
Carta de bienvenida Para el último PERUMIN, en 2017, comenzábamos esta carta haciendo mención a los desastres naturales del Niño costero, y resaltábamos cómo empresas mineras y proveedores del sector se sumaban a un gran esfuerzo coordinado de reconstrucción en las zonas afectadas. La destrucción de aquel entonces, sumada al enorme déficit de infraestructura que ya tenía el Perú, ponía al Estado en la responsabilidad de impulsar obras públicas que pudieran cerrar brechas y desbloquear el enorme potencial económico de un país enormemente rico en recursos naturales. Lamentablemente, el Niño costero fue reemplazado por otro desafío de índole no climática: un cóctel de grandes casos de corrupción e inestabilidad política, que viene causando graves perjuicios a la economía y a toda la población. Frente a esta coyuntura, nuevamente el sector minero se erige como un baluarte fundamental del desarrollo del país, con grandes inversiones que por sí solas pueden mover la aguja del PBI. La luz verde a la construcción de Quellaveco, un proyecto que estaba en la cartera de Anglo American desde 1992, es un hito de gran calado y medible en multitud de parámetros, como el tamaño del capex (US$ 5,300 millones hasta 2022), su impulso a la producción de cobre del país (unas 300,000 toneladas anuales), y el impacto económico en la zona de influencia (entre US$ 150 millones y US$ 200 millones anuales entre canon y regalías). Poniendo estas cifras sobre la mesa, resulta aún más llamativo el enorme costo de oportunidad que supone la falta de decisión de las instituciones del Estado para promover mayores inversiones.
[Show full text]
3. BVL S Experience 4. MILA – Integrated Latin American Market 5
Table of contents Table of Contents 1. Recent Performance 2. Why the BVL Venture Exchange? 3. BVL s Experience 4. MILA – Integrated Latin American Market 5. Final Remarks 1. Recent Performance BVL KPI 2010 Brockers 23 Issuers 248 Market Cap The most important Junior mining projects of listed companies Great Opportunity: More than 250 mining projects are being developed in Peru. 85 Mining Companies with projects in Perú are registered at TSX and TSXV TSX.V : 57 companies with 152 properties in Peru TSX : 28 companies with 112 properties in Peru AGUILA AMERICAN RESOURCES LTD. MACUSANI YELLOWCAKE INC. MAGELLAN MINERALS LTD. ALTURAS MINERALS CORP. BARRICK GOLD CORPORATION MPH VENTURES CORP. AM GOLD INC. CANDENTE COPPER CORP. NETWORK EXPLORATION LTD. AMERICAS PETROGAS INC. CARDERO RESOURCE CORP. NEW DIMENSION RESOURCES LTD. ANDEAN AMERICAN GOLD CORP. CHARIOT RESOURCES LIMITED NEW HIGH RIDGE RESOURCES INC. ANDEANGOLD LTD. CROCODILE GOLD CORP. NEW OROPERU RESOURCES INC. ANTARES MINERALS INC. DYNACOR GOLD MINES INC. PANORO MINERALS LTD. AQM COPPER INC. GEOLOGIX EXPLORATIONS INC. PANTHERA EXPLORATION INC. ARCTURUS VENTURES INC. GOLDEN MINERALS COMPANY PLEXMAR RESOURCES INC. BEAR CREEK MINING CORPORATION GRANDVIEW GOLD INC. RADIUS GOLD INC. CANADIAN SHIELD RESOURCES LTD. IAMGOLD CORPORATION RIO CRISTAL RESOURCES CORP. CENTURY MINING CORPORATION INMET MINING CORPORATION ROCMEC MINING INC. CONDOR RESOURCES INC. INTERNATIONAL MINERALS CORPORATION SALAZAR RESOURCES LIMITED DORATO RESOURCES INC. MALAGA INC. SHANE RESOURCES LTD. DURAN VENTURES INC. MAWSON RESOURCES LIMITED SIENNA GOLD INC. EL CONDOR MINERALS INC. MINERA IRL LIMITED SINCHAO METALS CORP. ESPERANZA SILVER CORPORATION NORSEMONT MINING INC. SOLITAIRE MINERALS CORP. FISSION ENERGY CORP. PAN AMERICAN SILVER CORP. SOUTHERN ANDES ENERGY INC.
[Show full text]
Diapositiva 1
PRESENTACIÓN EXPOBOLSA ¿Está barato el mercado peruano? INCA: valor fundamental vs valor de mercado Alberto Arispe Bazán Gerente General Diciembre 2009 Valor INCA: Valorización Fundamental Representativo Conclusiones del INCA de una acción de la BVL 2 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] Vamos a llamar a ese valor referencial, el valor fundamental. Cuando se dice que algo está barato o caro, • Si el precio de mercado de El inversionista busca una acción es mayor al valor se está comparando su fundamental : acción cara comprar barato y precio de mercado vs • Si el precio de mercado de vender caro. algún valor referencial. una acción es menor al valor fundamental: acción barata 3 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] El valor fundamental de una acción se determina en base a tres variables: . Flujos de caja futuros esperados que generará la acción en los próximos años . Tasa de crecimiento de largo plazo de los flujos de caja futuros esperados de la acción . Riesgo que implica comprar la acción FC FC FC VF 1 2 n 1 r 1 r 2 1 r n . Donde: FC : Flujo de efectivo que genera el activo. r : Tasa de descuento FC VF 1 r g . Donde: r : Tasa de descuento g: Tasa de crecimiento 4 Av. La Encalada 1388 – Oficina 802, Surco Teléfono: (511) 627-5220 Fax: (511) 627-5227 Web Site: www.kallpasab.com Email: [email protected] Valor INCA: Valorización Fundamental Representativo Conclusiones del INCA de una acción de la BVL 5 Av.
[Show full text]