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Peru miner Buenaventura reports $293m loss in fourth quarter

Peruvian precious metals miner Buenaventura reported a $293-million loss in net profit in the fourth quarter on weak prices and slipping gold output, 81% steeper than its shortfall in the same period in 2014.

The company reported a $317-million loss in all of last year as gold output from its mines and joint ventures dropped 20%.