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Article: A Golden Opportunity.(Brief Article)
- Article from:
- Revista Latin Trade
- Article date:
- February 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Alberto Benavides the patriarch of Peruvian mining, strikes it rich.
HAD IT NOT BEEN FOR YANACOCHA, now Latin America's premier gold mine, Buenaventura would probably have remained a family business. But to develop its assets, Alberto Benavides de la Quintana, the company's founder and driving force for almost half a century, sold shares to partners and the market to raise money. The gamble paid in spades: The mine has transformed Buenaventura into one of the hottest-performing companies in Latin America. In fact, for the 12 months ending in June 1999, the firm's sales had grown 75% to almost US$90 million, with profits increasing more than one-and-a-half times ...