Buenaventura Q3 2026 direct gold output: 29,009 oz
The update pairs nine-month production totals and quarterly metal prices with updated 2026 output guidance.
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Rhea-AI Filing Summary
Buenaventura Mining Co. Inc. (BVN) reported third-quarter 2026 production and sales volumes across its mining operations. Total direct operations produced 29,009 ounces of gold, 3,360,520 ounces of silver, 4,270 metric tons of lead, 6,938 metric tons of zinc and 13,602 metric tons of copper. Direct operations sold 25,321 ounces of gold, 3,589,290 ounces of silver, 3,970 metric tons of lead, 5,724 metric tons of zinc and 14,821 metric tons of copper during the quarter.
For the nine months ended September 30, 2026, direct operations produced 89,556 ounces of gold and 10,881,170 ounces of silver. Average realized prices for the quarter were $4,216 per ounce for gold and $57.82 per ounce for silver. Updated 2026 gold production guidance for direct operations is 112,000–131,000 ounces. Orcopampa produced 12,362 ounces of gold, and Yumpag produced 1,915,570 ounces of silver during the quarter.
Key Figures
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Average Realized Prices financial
joint ventures financial
forward-looking statements regulatory
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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 October 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 Third Quarter 2026
Production and Sales Volumes
Lima, Peru, October 15, 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 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.
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: October 15, 2026 | By: | /s/ DANIEL DOMÍNGUEZ VERA |
| Name: | Daniel Domínguez Vera | |
| Title: | Market Relations Officer | |