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Buenaventura (NYSE: BVN) reports Q2 2026 production, sales volumes and prices

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Rhea-AI Filing Summary

Compañía de Minas Buenaventura reported operational results for the three and six months ended June 30, 2026, detailing production, sales volumes and average realized prices for gold, silver, copper, lead and zinc across its wholly owned mines and joint-venture interests in Peru.

Gold production from direct operations reached 30,543 ounces in the quarter and 60,547 ounces year to date, with total production including associated companies of 37,266 ounces and 75,062 ounces, respectively. Silver production from direct operations was 3,624,514 ounces in the quarter. Copper production from direct operations totaled 13,475 metric tons in the quarter and 24,373 metric tons for the first half. Average realized prices in the quarter were US$4,342/oz for gold, US$89.52/oz for silver and US$14,029/MT for copper.

The company provided updated 2026 production guidance, including 120.0k–139.0k gold ounces from direct operations and 150.3k–172.5k gold ounces including associated companies, as well as 48.0k–53.0k copper metric tons from direct operations. Buenaventura describes itself as Peru’s largest publicly traded precious and base metals company, operating multiple mines and holding a 19.58% stake in copper producer Sociedad Minera Cerro Verde.

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Gold production, direct ops Q2 2026 30,543 ounces Three months ended June 30, 2026 gold production from direct operations
Gold production, incl. associates Q2 2026 37,266 ounces Three months ended June 30, 2026 gold production including associated companies
Silver production, direct ops Q2 2026 3,624,514 ounces Three months ended June 30, 2026 silver production from direct operations
Copper production, direct ops Q2 2026 13,475 metric tons Three months ended June 30, 2026 copper production from direct operations
Gold ounces sold, incl. associates Q2 2026 33,092 ounces Three months ended June 30, 2026 total gold sales including associated companies
Average realized gold price Q2 2026 US$4,342/oz Average realized gold price for the three months ended June 30, 2026
Average realized copper price Q2 2026 US$14,029/MT Average realized copper price for the three months ended June 30, 2026
Stake in Cerro Verde 19.58% Equity interest in Sociedad Minera Cerro Verde, a Peruvian copper producer
Average realized prices financial
"Average realized prices for gold, silver, lead, zinc and copper"
metric tons technical
"Lead metric tons produced and Zinc metric tons produced"
A metric ton (also spelled tonne) is a unit of mass equal to 1,000 kilograms, roughly the weight of a small car. Investors see it used to measure quantities of bulk goods like oil, grain, metals or carbon credits; knowing how many metric tons are involved helps translate physical volumes into revenue, inventory levels, shipping costs and supply-demand risk—think of it as the standard “weight” label that turns cargo into dollars.
joint venture projects financial
"other base metals via wholly-owned mines and through its participation in joint venture projects"
A joint venture project is a formal collaboration where two or more companies combine money, staff or technology to pursue a specific business goal, often under a separate agreement or entity that shares costs, risks and any profits. For investors it matters because such partnerships can accelerate growth or spread risk but also create dependency and shared liabilities—like neighbors pooling money to build a shared workshop, where success or problems affect each partner’s financial results and valuation.
mining rights regulatory
"a major holder of mining rights in Peru"
forward-looking information regulatory
"This press release may contain forward-looking information that involve risks and uncertainties"
Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What gold production did Compañía de Minas Buenaventura (BVN) report for Q2 2026?

Buenaventura reported Q2 2026 gold production of 30,543 ounces from direct operations and 37,266 ounces including associated companies. For the six months ended June 30, 2026, gold output totaled 60,547 ounces from direct operations and 75,062 ounces including associated companies.

How much silver and copper did Buenaventura (BVN) produce in Q2 2026?

In Q2 2026, Buenaventura’s direct operations produced 3,624,514 ounces of silver and 13,475 metric tons of copper. For the first half of 2026, silver production from direct operations was 7,520,650 ounces and copper output was 24,373 metric tons.

What metals sales volumes did Buenaventura (BVN) report for Q2 2026?

For Q2 2026, Buenaventura reported gold sales of 27,556 ounces from direct operations and 33,092 ounces including associated companies. Silver sales from direct operations were 3,404,700 ounces, while copper sales from direct operations totaled 14,632 metric tons.

What were Buenaventura (BVN)’s average realized metal prices in Q2 2026?

Average realized Q2 2026 prices were US$4,342/oz for gold, US$89.52/oz for silver, US$1,852/MT for lead, US$3,451/MT for zinc and US$14,029/MT for copper. These figures apply to the three months ended June 30, 2026.

What updated 2026 production guidance did Buenaventura (BVN) provide?

Updated 2026 guidance includes 120.0k–139.0k gold ounces from direct operations and 150.3k–172.5k gold ounces including associated companies, plus 18.5k–20.8k lead, 28.6k–31.8k zinc and 48.0k–53.0k copper metric tons from direct operations, alongside silver production ranges.

What is Compañía de Minas Buenaventura (BVN)’s business profile?

Buenaventura is described as Peru’s largest publicly traded precious and base metals company. It explores, develops, mines, processes and trades gold, silver and base metals through wholly owned mines and joint ventures, and holds a 19.58% interest in copper producer Sociedad Minera Cerro Verde.

What risks are highlighted in Buenaventura (BVN)’s forward-looking statements?

Forward-looking statements mention risks related to costs and expenses, exploration results, operational efficiency, metal price levels, joint-venture performance, capital expenditure plans, reserve estimates and Peru’s political, economic, social and legal developments, which could cause actual results to differ from expectations.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of July 2026

 

Commission File Number: 001-14370

 

 

 

COMPANIA DE MINAS BUENAVENTURA S.A.A.

(Exact name of registrant as specified in its charter)

 

BUENAVENTURA MINING COMPANY INC.

(Translation of registrant’s name into English)

 

 

 

AV. BEGONIAS NO. 415, 19TH FLOOR,

SAN ISIDRO, LIMA, PERU

(Address of principal executive office)  

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F  x            Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes  ¨            No  x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes  ¨            No  x

 

 

 

 

 

 

 

Buenaventura Announces Second Quarter 2026 Results for Production and Volume Sold per Metal

 

Lima, Peru, July 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 2Q26 results for production and volume sold.

 

Production per Metal

 

       Three Months Ended June 30, 2026   Six Months Ended June 30, 2026   2026 Updated Guidance (1) 
                 
Gold ounces produced                    
El Brocal   61.43%   4,621    8,826    15.0k - 17.0k 
San Gabriel   100%   2,774    4,460    25.0k - 30.0k 
Julcani   100%   2,750    5,214    9.0k - 11.0k 
Orcopampa   100%   13,981    28,973    48.0k - 53.0k 
Tambomayo   100%   3,033    5,996    9.0k -11.0k 
La Zanja   100%   3,384    7,078    14.0k - 17.0k 
Total Direct Operations (2)        30,543    60,547    120.0k - 139.0k 
Coimolache   40.094%   21,214    44,694    90.0k - 100.0k 
Total incl. Associated Companies (3)        37,266    75,062    150.3k - 172.5k 
                     
Silver ounces produced                    
Uchucchacua   100%   527,892    1,122,003    2.5M - 2.8M 
Yumpag   100%   2,320,439    4,403,922    8.5M - 9.0M 
El Brocal   61.43%   370,538    978,289    1.5M - 1.7M 
San Gabriel   100%   1,487    2,328    - 
Julcani   100%   164,168    463,465    1.3M - 1.5M 
Orcopampa   100%   3,456    6,026    - 
Tambomayo   100%   226,044    520,369    0.9M - 1.1M 
La Zanja   100%   10,489    24,249    - 
Total Direct Operations (2)        3,624,514    7,520,650    14.7M - 16.1M 
Coimolache   40.094%   105,133    223,854    0.3M - 0.4M 
Total incl. Associated Companies (3)        3,523,749    7,233,076    14.2M - 15.6M 
                     
Lead metric tons produced                    
Uchucchacua   100%   3,276    7,038    17.0k - 19.0k 
Julcani   100%   79    294    - 
Tambomayo   100%   286    804    1.5k - 1.8k 
Total Direct Operations (2)        3,642    8,136    18.5k - 20.8k 
                     
Zinc metric tons produced                    
Uchucchacua   100%   7,018    13,986    27.0k - 30.0k  
Tambomayo   100%   342    754    1.6k - 1.8k 
Total Direct Operations (2)        7,360    14,740    28.6k - 31.8k 
                     
Copper metric tons produced                    
El Brocal   61.43%   13,430    24,241    48.0k - 53.0k 
Julcani   100%   45    132    - 
Total Direct Operations (2)        13,475    24,373    48.0k - 53.0k 

 

 

1.2026 projections are considered to be forward-looking statements and represent management’s good faith estimates or expectations of future production results as of July 2026.
2.Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.
3.Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.

 

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Volume Sold per Metal

 

   Three Months Ended June 30, 2026   Six Months Ended June 30, 2026 
         
Gold ounces sold          
El Brocal   1,837    3,663 
San Gabriel   3,203    3,203 
Julcani   2,557    4,671 
Orcopampa   14,083    29,054 
Tambomayo   2,689    5,356 
La Zanja   3,187    7,163 
Total Direct Operations (1)   27,556    53,110 
Coimolache   23,564    43,220 
Total incl. Associated Companies (2)   33,092    65,823 
           
Silver ounces sold          
Uchucchacua   652,397    1,191,200 
Yumpag   2,105,206    4,106,131 
El Brocal   275,261    763,795 
San Gabriel   1,254    1,254 
Julcani   128,651    380,884 
Orcopampa   3,666    6,280 
Tambomayo   203,195    461,751 
La Zanja   15,001    33,933 
Buenaventura Trading (3)   20,069    42,081 
Total Direct Operations (1)   3,404,700    6,987,309 
Coimolache   112,609    215,833 
Total incl. Associated Companies (2)   3,342,427    6,777,995 
           
Lead metric tons sold          
Uchucchacua   3,126    6,577 
Yumpag   125    294 
Julcani   45    209 
Tambomayo   167    568 
Total Direct Operations (1)   3,462    7,649 
           
Zinc metric tons sold          
Uchucchacua   5,844    11,059 
Tambomayo   229    555 
Total Direct Operations (1)   6,074    11,614 
           
Copper metric tons sold          
El Brocal   12,442    22,402 
Julcani   9    8 
Tambomayo   45    108 
Buenaventura Trading (3)   2,135    4,383 
Total Direct Operations (1)   14,632    26,901 

 

1.Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 100% of El Brocal and 100% of Buenaventura Trading.
2.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.
3.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.

 

2

 

 

 

Average realized prices(1)(2)

 

  

Three Months Ended

June 30, 2026

  

Six Months Ended

June 30, 2026

 
         
Gold (US$/Oz)   4,342    4,599 
Silver (US$/Oz)   89.52    94.53 
Lead (US$/MT)   1,852    1,822 
Zinc (US$/MT)   3,451    3,387 
Copper (US$/MT)   14,029    13,877 

 

1.Considers Buenaventura consolidated figures.
2.Realized prices include both provisional sales and final adjustments for price changes.

 

Commentary on Operations

 

Uchucchacua:

 

·2Q26 silver, lead and zinc production was in line with projections.
·2026 guidance remains unchanged.

 

Yumpag:

 

·2Q26 silver production exceeded projections, driven by higher-than-expected grades.
·2026 guidance has been revised to reflect the stronger-than-expected grade profile.
·After quarter’s end, in 3Q26, the Company received approval to increase the mining rate to 1,200 from 1,000 tonnes per day.

 

El Brocal:

 

·2Q26 copper, silver and gold production was in line with projections.
·2026 guidance remains unchanged.

 

San Gabriel:

 

·San Gabriel continued its ramp-up during 2Q26, with operating parameters undergoing further optimization. During the quarter, processed tonnage was constrained by tailings-management challenges, particularly at the tailings filtration plant. Initiatives to improve metallurgical recoveries are ongoing.
·2026 production guidance has been revised to reflect tailings-management constraints and current metallurgical recovery rates.
·The Company began recording sales volumes in 2Q26.

 

Coimolache:

 

·2Q26 gold and silver production was in line with expectations.
·2026 guidance remains unchanged.

 

3

 

 

 

Julcani:

 

·Silver and gold production in 2Q26 was in line with projections.
·2026 guidance remains unchanged.

 

Orcopampa:

 

·2Q26 gold production slightly exceeded projections, primarily due to higher ore throughput.
·2026 guidance has been revised to reflect higher grades in areas currently under development.

 

Tambomayo:

 

·2Q26 gold, lead and zinc production was in line with projections.
·2Q26 silver production exceeded projections, driven by higher-than-anticipated silver grades.
·2026 production guidance has been revised to reflect increased production volumes, supported by positive exploration results and the current commodity price environment.

 

La Zanja:

 

·2Q26 gold production was in line with projections.
·2026 guidance remains unchanged.

 

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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*, San Gabriel*, 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.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  COMPAÑÍA DE MINAS BUENAVENTURA S.A.A.
     
Date: July 16, 2026 By: /s/ DANIEL DOMÍNGUEZ VERA  
  Name: Daniel Domínguez Vera
  Title: Market Relations Officer