Compañía de Minas Buenaventura A : Buenaventura Announces First Quarter 2026 Production Results16/04/2026
BVN
Published on 04/16/2026 at 06:20 pm EDT
Lima, Peru, April 16, 2026 - Compañía de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced 1Q26 results for production and volume sold.
Production per Metal
Three Months Ended March 31,
2026
Guidance (1)
2026
Gold ounces produced
El Brocal
61.43%
4,236
15.0k - 17.0k
Orcopampa
100%
14,992
42.0k - 47.0k
Tambomayo
100%
2,964
5.0k - 6.0k
Julcani
100%
2,464
9.0k - 11.0k
La Zanja
100%
3,694
14.0k - 17.0k
San Gabriel
100%
1,686
48.0k - 55.0k
Total Direct Operations (2)
30,035
133.0k - 153.0k
Coimolache
40.094%
23,480
90.0k - 100.0k
Total incl. Associated (3)
37,815
163.3k - 186.5k
Silver ounces produced
El Brocal
61.43%
607,751
1.5M - 1.7M
Uchucchacua
100%
594,110
2.5M - 2.8M
Yumpag
100%
2,083,483
7.9M - 8.7M
Orcopampa
100%
2,570
-
Tambomayo
100%
294,325
0.2M - 0.3M
Julcani
100%
299,297
1.3M - 1.5M
La Zanja
100%
13,760
-
San Gabriel
100%
840
-
Total Direct Operations (2)
3,896,136
13.4M - 15.0M
Coimolache
40.094%
118,721
0.3M - 0.4M
Total incl. Associated (3)
3,709,327
12.9M - 14.5M
Lead metric tons produced
Uchucchacua
100%
3,763
17.0k - 19.0k
Tambomayo
100%
517
0.5k - 0.6k
Julcani
100%
215
-
Total Direct Operations (2)
4,495
17.5k - 19.6k
Zinc metric tons produced
Uchucchacua
100%
6,968
27.0k - 30.0k
Tambomayo
100%
411
0.8k - 1.0k
Total Direct Operations (2)
7,379
27.8k - 31.0k
Copper metric tons produced
El Brocal
61.43%
10,811
48.0k - 53.0k
Julcani
100%
87
-
Total Direct Operations (2)
10,898
48.0k - 53.0k
2026 projections are considered to be forward-looking statements and represent management's good faith estimates or
expectations of future production results as of April 2026.
Considers 100% of Buenaventura's operating units, 100% of La Zanja and 100% of El Brocal.
Considers 100% of Buenaventura's operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.
Volume Sold per Metal
Three Months Ended March 31, 2026
Gold ounces sold
El Brocal
1,826
Orcopampa
14,971
Tambomayo
2,667
Julcani
2,114
La Zanja
3,977
San Gabriel
0
Total Direct Operations (1)
25,554
Coimolache
19,656
Total incl. Associated (2)
32,731
Silver ounces sold
El Brocal
488,534
Uchucchacua
538,803
Yumpag
2,000,924
Orcopampa
2,615
Tambomayo
258,557
Julcani
252,233
La Zanja
18,932
San Gabriel
0
Buenaventura Trading (3)
22,011
Total Direct Operations (1)
3,582,609
Coimolache
103,223
Total incl. Associated (2)
3,435,568
Lead metric tons sold
Uchucchacua
3,451
Yumpag
170
Tambomayo
401
Julcani
165
Total Direct Operations (1)
4,187
Zinc metric tons sold
Uchucchacua
5,215
Tambomayo
325
Total Direct Operations (1)
5,540
Copper metric tons sold
El Brocal
9,960
Tambomayo
63
Julcani
0
Buenaventura Trading (3)
2,248
Total Direct Operations (1)
12,269
Considers 100% of Buenaventura's operating units, 100% of La Zanja, 100% of El Brocal and 100% of Buenaventura Trading.
Considers 100% of Buenaventura's operating units, 100% of La Zanja, 100% of Buenaventura Trading, 61.43% of El Brocal and
40.094% of Coimolache.
Buenaventura Trading is the vehicle through which Buenaventura purchases copper concentrate from Freeport, produced at Cerro Verde - a company in which Buenaventura holds a 19.58% stake. The concentrate is then sold on the spot market via Buenaventura Trading.
Average realized prices(1)(2)
Three Months Ended March 31, 2026
Gold (US$/Oz)
4,875
Silver (US$/Oz)
99.29
Lead (US$/MT)
1,798
Zinc (US$/MT)
3,316
Copper (US$/MT)
13,696
Considers Buenaventura consolidated figures.
Realized prices include both provisional sales and final adjustments for price changes.
Commentary on Operations Uchucchacua:
Silver production exceeded 1Q26 projections due to higher than anticipated silver
grades.
1Q26 lead and zinc production was in line with projections.
Silver production exceeded 1Q26 projections, driven by higher-than-expected grades.
Copper and silver production exceeded projections in 1Q26, primarily due to higher grades from stopes which had been rescheduled to be mined in 1Q26 from 4Q25.
Gold production also outperformed guidance, driven by higher-than-budgeted grades as well as improved recovery during the quarter.
San Gabriel entered the ramp-up phase during 1Q26, with activities currently focused on the instrumentation of the grinding circuit and commissioning of tailings filtration system. During this phase, operating parameters are being optimized, resulting in lower ore throughput for the quarter and gold production below projections.
With production volumes continuing to ramp up, the Company expects to start recording sales volumes in 2Q26.
Gold production for 1Q26 was in line with projections.
Silver production exceeded 1Q26 projections driven by higher-than-anticipated grades and recovery.
Gold production slightly exceeded projections, primarily due to higher ore throughput from the Rosario area.
However, silver production in 1Q26 was below projections, reflecting lower ore throughput and grades.
Silver and lead production exceeded projections in 1Q26, primarily driven by the prioritization of higher-grade ore from the upper sections of the mine.
However, gold and zinc production were below projections, reflecting lower grades in the areas mined during the quarter.
Gold production in 1Q26 exceeded projections, due to higher-than-budgeted grades.
Gold production in 1Q26 was in line with projections.
Company Description
Compañía de Minas Buenaventura S.A.A. is Peru's largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).
The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).
(*) Operations wholly owned by Buenaventura.
Note on Forward-Looking Statements
This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning Cerro Verde's costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, development and production, subsidiaries' plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company's view with respect to Cerro Verde's future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.
Disclaimer
Compañia de Minas Buenaventura SAA published this content on April 16, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 16, 2026 at 22:19 UTC.