Compañía de Minas Buenaventura A : Buenaventura anuncia la producción del 2do trimestre del 2025 (Inglés)Dowload
BVN
Published on 07/16/2025 at 17:23
Lima, Peru, July 16, 2025 - 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 2Q25 results for production and volume sold.
Three Months Ended
June 30, 2025
Six Months Ended
June 30, 2025
2025 Updated
Guidance (1)
Gold ounces produced
El Brocal
61.43%
5,581
10,208
18.0k - 20.0k
Orcopampa
100%
12,270
26,565
48.0k - 52.0k
Tambomayo
100%
2,985
6,019
12.5k - 15.5k
Julcani
100%
2,084
3,964
7.5k - 9.5k
La Zanja
100%
4,423
8,505
18.0k - 21.0k
San Gabriel (4)
100%
0
0
10.0k - 15.0k
Total Direct Operations (2)
27,344
55,261
114.0k - 133.0k
Coimolache
40.094%
13,149
26,492
50.0k - 55.0k
Total incl. Associated Companies (3)
30,463
61,946
127.1k - 147.3k
Silver ounces produced
El Brocal
61.43%
390,486
828,219
1.4M - 1.6M
Uchucchacua
100%
511,615
963,791
2.7M - 3.2M
Yumpag
100%
2,154,792
4,430,591
8.0M - 8.2M
Orcopampa
100%
6,526
11,635
-
Tambomayo
100%
191,181
352,574
1.2M - 1.5M
Julcani
100%
299,697
639,442
1.5M - 1.8M
La Zanja
100%
9,198
15,880
-
Total Direct Operations (2)
3,563,496
7,242,132
14.8M - 16.3M
Coimolache
40.094%
78,921
168,489
0.2M - 0.3M
Total incl. Associated Companies (3)
3,444,528
6,990,242
14.3M - 15.8M
Lead metric tons produced
Uchucchacua
100%
3,569
6,696
16.0k - 18.0k
Tambomayo
100%
767
1,270
1.7k - 2.2k
Julcani
100%
154
281
0.8k - 1.0k
Total Direct Operations (2)
4,490
8,247
18.5k - 21.2k
Zinc metric tons produced
Uchucchacua
100%
6,872
12,144
23.0k - 26.0k
Tambomayo
100%
878
1,405
2.0k - 2.5k
Total Direct Operations (2)
7,750
13,549
25.0k - 28.5k
Copper metric tons produced
El Brocal
61.43%
13,079
25,142
55.0k - 60.0k
Julcani
100%
102
222
-
Tambomayo
100%
12
29
-
Total Direct Operations (2)
13,194
25,392
55.0k - 60.0k
2025 projections are considered to be forward-looking statements and represent management's good faith estimates or expectations of future production results as of July 2025.
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.
4Q25 targeted production initiation remains unchanged, subject to final permitting and required approvals.
Three Months Ended
June 30, 2025
Six Months Ended June
30, 2025
Gold ounces sold
El Brocal
3,244
5,912
Orcopampa
12,158
26,904
Tambomayo
2,594
5,284
Julcani
1,882
3,556
La Zanja
4,333
8,967
Total Direct Operations (1)
24,212
50,623
Coimolache
13,440
24,870
Total incl. Associated Companies (2)
28,349
58,314
Silver ounces sold
El Brocal
309,222
669,143
Uchucchacua
560,680
1,057,479
Yumpag
2,056,853
4,244,210
Orcopampa
6,925
13,408
Tambomayo
170,144
315,845
Julcani
282,420
602,698
La Zanja
21,538
46,402
Buenaventura Trading (3)
39,451
39,451
Total Direct Operations (1)
3,447,233
6,988,636
Coimolache
83,064
161,790
Total incl. Associated Companies (2)
3,361,270
6,795,416
Lead metric tons sold
Uchucchacua
3,482
6,418
Yumpag
31
69
Tambomayo
634
1,020
Julcani
138
247
Total Direct Operations (1)
4,284
7,754
Zinc metric tons sold
Uchucchacua
5,829
10,191
Tambomayo
671
1,103
Total Direct Operations (1)
6,499
11,294
Copper metric tons sold
El Brocal
12,439
23,763
Tambomayo
112
179
Julcani
12
21
Buenaventura Trading (3)
4,295
4,295
Total Direct Operations (1)
16,859
28,258
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 by Buenaventura Trading on the spot market.
Three Months Ended
June 30, 2024
Six Months Ended
June 30, 2024
Gold (US$/Oz)
3,306
3,116
Silver (US$/Oz)
34.39
33.29
Lead (US$/MT)
1,880
1,886
Zinc (US$/MT)
2,541
2,656
Copper (US$/MT)
9,560
9,452
Considers Buenaventura consolidated figures.
Realized prices include both provisional sales and final adjustments for price changes.
2Q25 gold and silver production was below expectations due to delayed processing of high-grade oxide ore from the mine's upper zones. High-grade oxide ore processing began in late June after flowsheet revisions were completed to optimize the mine processing plant, enabling an increase metallurgical gold and silver recovery.
2025 gold and silver guidance remains unchanged. Zinc and lead guidance has been revised.
Orcopampa:
Gold production was below projections, as slower than anticipated mine development due to poor ground conditions during the quarter required high-grade stope mining planned for 2Q25 to be deferred to 2H25. This was partially offset by increased gold grades mined during 2Q25. 2025 guidance has been revised to reflect increased grade and tonnage for those areas under development.
2Q25 silver production was in line with expectations. 2025 guidance therefore remains unchanged.
Coimolache:
2Q25 gold and silver were in line with expectations.
Coimolache's leach pad expansion construction permit was granted in 2Q25. The operating permit to resume mine and pad production at full capacity is expected to be issued in late 3Q25.
2025 guidance remains unchanged.
Julcani:
Gold and silver production was in line with expectations.
2025 guidance remains unchanged.
Uchucchacua:
2Q25 silver production was below expectations due to a decrease in silver grades mined during the quarter. This was primarily attributable to modifications made to the initial mining plan as was required to accommodate additional water pumping and ancillary works, which shifted targeted mining to polymetallic stopes during the quarter, from the prior target of mining bottom-level stopes with higher silver content.
2025 guidance remains unchanged.
Uchucchacua daily throughput increased to an average of 1,800 TPD during 2Q25, aligned with the Company's targeted 2,000 TPD by year end 2025.
Yumpag:
Silver production exceeded 2Q25 projections due to higher grades mined during the quarter. This resulted from the Company implementing the Over-Drift-Fill (ODF) mining method, a more selective mining method, rather than the sublevel stoping approach used previously. ODF has proven to be more suitable for the highly irregular Camila orebody, with improved ore extraction with a decreased waste.
2025 guidance has been updated accordingly.
El Brocal:
Silver and gold outperformed expectations due to higher than anticipated ore grades, reflecting the Company's short-term plan of prioritizing those mining blocks with high precious metals content. Copper production was slightly below expectations for 2Q25.
2025 copper guidance remains unchanged; gold and silver guidance has been revised.
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.
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 July 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 16, 2025 at 21:22 UTC.