Fitch Affirms Buenaventura's IDR at 'BB'; Outlook Stable
Fitch was not expecting Yanacocha to pay dividends in the rating horizon. The net proceeds of USD300 million from the sale of its 43.65% stake in Yanacocha to Newmont and the USD45 million obtained from the consolidation of La Zanja is expected to be used to repay the outstanding of the USD275 million loan syndicate. As a result, …