Buenaventura Announces Third Quarter 2026 Production and Sales Volumes

San Gabriel’s processing constraint is expected to be resolved in the first half of 2027 as reinforcement work continues.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LIMA, Peru--(BUSINESS WIRE)-- 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 its production and sales volumes for third quarter of 2026.

Production by Metal

		Three Months Ended September 30, 2026		Nine Months Ended September 30, 2026		2026 Updated Guidance (1)
Gold ounces produced
El Brocal		4,731		13,557		15.0k - 17.0k
San Gabriel		599		5,059		15.0k - 20.0k
Julcani		3,735		8,949		11.0k - 13.0k
Orcopampa		12,362		41,335		48.0k - 53.0k
Tambomayo		4,034		10,030		9.0k - 11.0k
La Zanja		3,547		10,625		14.0k - 17.0k
Total Direct Operations (2)		29,009		89,556		112.0k - 131.0k
Coimolache		25,418		70,112		90.0k - 100.0k
Total Incl. Associated Companies (3)		37,375		112,437		142.3k - 164.5k
Silver ounces produced
Uchucchacua		565,020		1,687,023		2.5M - 2.8M
Yumpag		1,915,570		6,319,491		8.5M - 9.0M
El Brocal		390,292		1,368,582		1.5M - 1.7M
San Gabriel		420		2,748		-
Julcani		291,370		754,835		1.0M - 1.2M
Orcopampa		3,227		9,253		-
Tambomayo		182,691		703,060		0.9M - 1.1M
La Zanja		11,929		36,178		-
Total Direct Operations (2)		3,360,520		10,881,170		14.4M - 15.8M
Coimolache		113,074		336,929		0.3M - 0.4M
Total Incl. Associated Companies (3)		3,255,320		10,488,396		13.9M - 15.3M
Lead metric tons produced
Uchucchacua		3,702		10,740		17.0k - 19.0k
Julcani		112		406		-
Tambomayo		456		1,259		1.5k - 1.8k
Total Direct Operations (2)		4,270		12,406		18.5k - 20.8k
Zinc metric tons produced
Uchucchacua		6,433		20,419		27.0k - 30.0k
Tambomayo		505		1,259		1.6k - 1.8k
Total Direct Operations (2)		6,938		21,678		28.6k - 31.8k
Copper metric tons produced
El Brocal		13,534		37,775		48.0k - 53.0k
Julcani		68		200		-
Total Direct Operations (2)		13,602		37,975		48.0k - 53.0k

1. 2026 guidance, including production guidance, constitutes forward-looking statements and reflects management's current estimates or expectations and assumptions as of the date of this press release. Such guidance is not a guarantee of future performance, and actual results may differ materially.
2. Includes 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.
3. Includes 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.

Sales Volumes by Metal

		Three Months Ended September 30, 2026		Nine Months Ended September 30, 2026
Gold ounces sold
El Brocal		1,974		5,638
San Gabriel		1,418		4,621
Julcani		3,448		8,119
Orcopampa		12,353		41,407
Tambomayo		3,736		9,092
La Zanja		2,392		9,555
Total Direct Operations (1)		25,321		78,431
Coimolache		23,868		67,088
Total Incl. Associated Companies (2)		34,129		103,155
Silver ounces sold
Uchucchacua		978,407		2,169,607
Yumpag		1,899,002		6,005,133
El Brocal		251,641		1,015,437
San Gabriel		370		1,624
Julcani		261,716		642,601
Orcopampa		3,946		10,226
Tambomayo		164,608		626,359
La Zanja		9,235		43,167
Buenaventura Trading (3)		20,365		62,446
Total Direct Operations (1)		3,589,290		10,576,599
Coimolache		106,343		322,176
Total Incl. Associated Companies (2)		3,534,869		10,314,118
Lead metric tons sold
Uchucchacua		3,387		9,964
Yumpag		174		468
Julcani		79		288
Tambomayo		331		899
Total Direct Operations (1)		3,970		11,619
Zinc metric tons sold
Uchucchacua		5,364		16,423
Tambomayo		359		914
Total Direct Operations (1)		5,724		17,338
Copper metric tons sold
El Brocal		12,554		34,956
Julcani		14		22
Tambomayo		85		193
Buenaventura Trading (3)		2,168		6,551
Total Direct Operations (1)		14,821		41,722

1. Includes 100% of Buenaventura’s operating units, 100% of La Zanja, 100% of El Brocal and 100% of Buenaventura Trading.
2. Includes 100% of Buenaventura’s operating units, 100% of La Zanja, 100% of Buenaventura Trading, 61.43% of El Brocal and 40.094% of Coimolache.
3. Buenaventura Trading is an entity through which Buenaventura purchases copper concentrate from Freeport, produced at Cerro Verde, in which Buenaventura holds a 19.58% ownership interest. The concentrate is subsequently sold on the spot market through Buenaventura Trading.

Average Realized Prices ⁽¹⁾⁽²⁾

		Three Months Ended September 30, 2026		Nine Months Ended September 30, 2026
Gold (US$/Oz)		4,216		4,475
Silver (US$/Oz)		57.82		82.07
Lead (US$/MT)		1,612		1,751
Zinc (US$/MT)		3,987		3,585
Copper (US$/MT)		15,190		14,343

1. Based on Buenaventura’s consolidated figures.
2. Realized prices include provisional pricing and final pricing adjustments.

Commentary on Operations

Uchucchacua:

• 3Q26 silver, lead and zinc production was in line with projections.
• 2026 guidance remains unchanged.

Yumpag:

• 3Q26 silver production was in line with projections. The lower grades recorded during the quarter were consistent with the mine plan.
• 2026 guidance remains unchanged.

El Brocal:

• 3Q26 copper, silver and gold production was in line with projections. As planned, the operation achieved a processing rate of 13,500 tons per day (tpd) by quarter-end.
• 2026 guidance remains unchanged.

San Gabriel:

• 3Q26 gold production was below projections due to lower ore throughput during the ramp-up phase. Processing was constrained for most of the quarter as the first phase of reinforcement work on the tailings filtration system was completed. Processing resumed during the final week of September, with processing throughput recovering to approximately 1,300 tpd by quarter-end. Additional reinforcement work will be undertaken progressively, one filter at a time, over the next six months, to support the continued ramp-up and resolve this processing constraint in the first half of 2027. Despite these temporary processing constraints, mining activities continued throughout the quarter, with mining rates stabilizing at 1,700 tpd by quarter-end, resulting in a stockpile of approximately 100,000 metric tons at quarter-end.
• 2026 gold production guidance has been revised to reflect the updated ramp-up schedule and temporary constraints related to the tailings filtration system.

Coimolache:

• 3Q26 gold and silver production was in line with projections.
• 2026 guidance remains unchanged.

Julcani:

• 3Q26 gold production slightly exceeded projections, primarily due to higher-than-planned contribution from gold-rich zones. Conversely, silver production was below projections, reflecting lower-than-planned contribution of ore from silver-rich zones during the quarter.
• 2026 production guidance has been revised to reflect the expected production mix.

Orcopampa:

• 3Q26 gold production slightly exceeded projections, primarily due to higher ore throughput.
• 2026 guidance remains unchanged.

Tambomayo:

• 3Q26 gold production exceeded projections, driven by higher-than-expected gold grades.
• 3Q26 silver, lead and zinc production was in line with projections.
• 2026 guidance remains unchanged.

La Zanja:

• 3Q26 gold production was in line with projections.
• 2026 guidance remains unchanged.

Company Description

Compañía de Minas Buenaventura S.A.A. is Peru’s largest publicly traded precious and base metals mining Company and a major holder of mining rights in Peru. The Company engages in the exploration, development, mining, processing and sale of gold, silver and base metals through its wholly-owned operations and interests in joint ventures. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, San Gabriel*, El Brocal and Coimolache).

The Company holds a 19.58% ownership interest in Sociedad Minera Cerro Verde, a major Peruvian copper producer, alongside Freeport-McMoRan Inc. and Sumitomo Corporation.

(*) Wholly owned operations.

Note on Forward-Looking Statements

This press release may contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties. Words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "plan," "project," "target," "will" and similar expressions are intended to identify forward-looking statements. Forward-looking statements include those concerning Compañía de Minas Buenaventura S.A.A.’s (the "Company") and Sociedad Minera Cerro Verde S.A.A.’s production guidance, operating performance, costs and expenses, mine development and ramp-up schedules, results of exploration, improvements in operating efficiency, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future exploration, development and production, the Company's and its subsidiaries' plans for capital expenditures and estimates of reserves. These forward-looking statements reflect the Company's current expectations and assumptions regarding its future operating and financial performance and are not guarantees of future performance. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of these and other risks and uncertainties, including those discussed in the Company's filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update or revise them, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261015935057/en/

Contacts in Lima:
Daniel Dominguez, Chief Financial Officer
(511) 419 2540

Sebastián Valencia, Head of Investor Relations
(511) 419 2591 / sebastian.valencia@buenaventura.pe

Contact in NY:
Barbara Cano
(646) 452 2334
barbara@inspirgroup.com

Company Website: https://buenaventura.com/en/inversionista/

Source: Compañía de Minas Buenaventura S.A.A.