LIMA, Peru--(BUSINESS WIRE)--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 2026
March 31, 2026 Guidance (1)
---------------------- ---------------
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 10,898 48.0k - 53.0k
(2)
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.
Yumpag:
-- Silver production exceeded 1Q26 projections, driven by
higher-than-expected grades.
El Brocal:
-- 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:
-- 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.
Coimolache:
-- Gold production for 1Q26 was in line with projections.
-- Silver production exceeded 1Q26 projections driven by
higher-than-anticipated grades and recovery.
Julcani:
-- 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.
Tambomayo:
-- 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.
Orcopampa:
-- Gold production in 1Q26 exceeded projections, due to
higher-than-budgeted grades.
La Zanja:
-- Gold production in 1Q26 was in line with projections.
(MORE TO FOLLOW) Dow Jones Newswires
April 16, 2026 17:34 ET (21:34 GMT)