Buenaventura (NYSE: BVN) Q1 2026 metal output, sales and prices
Rhea-AI Filing Summary
Compañía de Minas Buenaventura S.A.A. reported first quarter 2026 operating metrics, highlighting metal production, volumes sold and average realized prices across its Peruvian mines and associated operations.
Gold production from direct operations reached 30,035 ounces in 1Q26, with total gold output including associated operations at 37,815 ounces, against 2026 guidance of 163,300–186,500 ounces. Silver production from direct operations was 3,896,136 ounces, while total silver including associated operations was 3,709,327 ounces, with 2026 guidance of 12–14 (in the guidance units disclosed).
Base metal production included 4,495 metric tons of lead, 7,379 metric tons of zinc and 10,898 metric tons of copper from direct operations. In 1Q26, gold ounces sold including associated operations totaled 32,731, and silver ounces sold including associated operations were 3,435,568. Average realized prices in the quarter were US$4,875 per ounce for gold, US$99.29 per ounce for silver, US$1,798 per metric ton for lead, US$3,316 per metric ton for zinc, and US$13,696 per metric ton for copper.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
Average realized prices financial
Direct Operations financial
Associated financial
metric tons financial
forward-looking information regulatory
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 April 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 First Quarter 2026 Results for Production and Volume Sold per Metal
Lima, Peru, 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 March 31, 2026 | 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 (2) | 10,898 | 48.0k - 53.0k | ||||||||||
1
| 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 April 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. |
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 | |||
2
| 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. |
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 |
| 1. | Considers Buenaventura consolidated figures. |
| 2. | 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. |
3
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. |
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).
4
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.
5
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: April 16, 2026 | By: | /s/ DANIEL DOMÍNGUEZ VERA |
| Name: | Daniel Domínguez Vera | |
| Title: | Market Relations Officer | |