The BVN 3q12 numbers are out and here’s the story in three words: Costs are up.
Now for three charts, first op income versus op costs
Here’s the costs dataset isolated, done so because it’s the one that matters today:
So to do the math for you, here’s what it’s done to gross revenues
Bottom line: It’s getting more expensive to mine in Peru. Remember that.
Y’see? That’s what it costs to mine in Peru