Buenaventura hits first dore milestone at new San Gabriel mine
Compañía de Minas Buenaventura reports a key milestone at its new San Gabriel gold operation in Moquegua, Peru, where commissioning tests have produced the first dore bar.
Rhea-AI Filing Summary
Compañía de Minas Buenaventura reports a key milestone at its new San Gabriel gold operation in Moquegua, Peru, where commissioning tests have produced the first dore bar. This step was achieved in line with the planned timeline, and the company is working with the Ministry of Energy and Mines to complete arrangements needed to begin full-scale production and sales.
San Gabriel is expected to process 2,000 tons per day in 2026 within a nameplate capacity of 3,000 tons per day, with 2026 production guidance of 70,000 to 80,000 ounces of gold. Management describes San Gabriel as its new flagship mine that will replace output from depleting operations and is intended to support significant growth and long-term value through sustainable mining.
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Insights
San Gabriel reaches first dore production, advancing toward full-scale output.
Buenaventura reports that its San Gabriel gold project has produced a first dore bar as part of commissioning, on schedule with prior plans. This indicates that processing facilities are operating sufficiently to generate saleable product, a key step in moving from construction to full operation.
The company reiterates expectations that San Gabriel will reach a processing rate of 2,000 tons per day in 2026, within a nameplate capacity of 3,000 tons per day, and provides 2026 production guidance of 70,000 to 80,000 ounces of gold. Management positions this mine as its new flagship, intended to offset production lost from depleting mines.
Future performance will depend on completing arrangements with the Ministry of Energy and Mines to start full-scale production and commercialization, as well as on operational execution at higher throughput rates. Subsequent company disclosures may provide updates on ramp-up progress and realized production levels at San Gabriel.
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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 December 2025
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 Produces Its First Dore Bar at San Gabriel
Lima, Peru, December 23, 2025 – Compañia 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, announced today that San Gabriel, its new gold operation located in Moquegua, has produced its first dore bar as part of the commissioning tests. This milestone was achieved in line with the planned timeline. The Company is progressing toward concluding the necessary arrangements with the Ministry of Energy and Mines to initiate full-scale production and commercialization.
As previously announced, San Gabriel is on track to reach a processing rate of 2,000 tons per day (TPD) in 2026, within a nameplate capacity of 3,000 TPD. Production guidance for 2026 is estimated at 70,000 to 80,000 ounces of gold. The start-up of operations at San Gabriel, Buenaventura’s new flagship, will enable the Company to replace production from depleting mines and position Buenaventura for significant growth in the coming years, creating long-term value through sustainable operations.
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).
For a printed version of the Company’s 2023 Form 20-F, please contact the persons indicated above, or download a PDF format file from the Company’s web site.
(*) 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.
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: December 23, 2025 | By: | /s/ DANIEL DOMÍNGUEZ VERA |
| Name: | Daniel Domínguez Vera | |
| Title: | Market Relations Officer | |