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 Results
Lima, Peru, April 29, 2026 – 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, today announced results for the first quarter (1Q26) ended March 31, 2026. All
figures have been prepared in accordance with IFRS (International Financial Reporting Standards) on a non-GAAP basis and are stated in
U.S. dollars (US$).
First Quarter 2026 Highlights:
| · | Gold production increased
by 8% year-over-year (YoY) primarily driven by the ramp-up of operations at San Gabriel. Consolidated silver production increased by 6%
YoY, reflecting higher output at El Brocal, Uchucchacua and Tambomayo. Lead and zinc production increased by 20% and 27% YoY, respectively,
primarily due to higher throughput at Uchucchacua. Copper production decreased by 11% YoY, primarily due to lower output at El Brocal.
This reflects the mine plan for 1Q26, which prioritized the processing of previously classified as low grade lead-silver ore, resulting
in reduced copper ore throughput. |
| · | EBITDA from direct operations
was US$ 386.3 million, compared to US$ 126.3 million reported in 1Q25. |
| · | Net income was US$ 355.2
million, compared to US$ 147.0 million net income in 1Q25. |
| · | Capital expenditures (CAPEX)
related to San Gabriel totaled US$49.2 million in 1Q26, primarily allocated to the completion of the processing plant. San Gabriel entered
the ramp-up phase during the quarter. |
| · | Buenaventura's cash position
totaled US$ 759.9 million as of March 31, 2026. The Company reported a net cash position, with net debt of negative US$51.9 million, equivalent
to a leverage ratio of -0.05x. |
| · | On April 24, 2026, subsequent
to the quarter’s end, Buenaventura received US $58.7 million in dividends related to its stake in Cerro Verde. Total dividends received
year-to-date 2026 amounted to US$156.6 million. |
Financial Highlights (in millions
of US$, excluding EPS):
| | |
| 1Q26 | | |
1Q25 | | |
Var | |
| Total Revenues | |
| 624.6 | | |
307.7 | | |
103 | % |
| Operating Income | |
| 329.3 | | |
93.9 | | |
251 | % |
| EBITDA Direct Operations | |
| 386.3 | | |
126.3 | | |
206 | % |
| EBITDA Including Affiliates | |
| 579.4 | | |
251.1 | | |
131 | % |
| Net Income (1) | |
| 335.4 | | |
140.1 | | |
139 | % |
| EPS (2) | |
| 1.32 | | |
0.55 | | |
139 | % |
| (1) | Net Income attributable to owners of the parent. |
| (2) | Weighted average number of shares outstanding for the period ending March 31, 2026:
253,986,867. |
For a full version of Compañía de Minas Buenaventura
First Quarter 2026 Earnings Release, please visit: https://buenaventura.com/informes-y-reportes
CONFERENCE CALL INFORMATION:
Compañia de Minas Buenaventura will host
a conference call on Thursday, April 30, 2026, to discuss these results at 12:00 pm Eastern Time / 11:00 a.m. Lima Time.
To participate in the conference call, please dial:
Toll-Free US:
+1 844 481 2914
Toll International:
+1 412 317 0697
Passcode:
Please ask to be joined into the Compañía
de Minas Buenaventura’s call.
Live Webcast: Click here
If you would prefer to receive a call rather than
dial-in, please use the following link 10-15 minutes prior to the conference call start time:
Call Me Link: Click Here
Passcode:
3612505
Participants who do not wish to be interrupted
to have their information gathered may have Chorus Call dial out to them by clicking on the above link, filling in the information, and
pressing the green phone button at the bottom. The phone number provided will be automatically called and connected to the conference
without any interruption to the participant. (Please note: Participants will be joined directly to the conference and will hear hold
music until the call begins. No confirmation message will be played when joined.)
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
2024 Form 20-F, please contact the investor relations contacts on page 1 of this report or download the PDF format file from the Company’s
web site at www.buenaventura.com.
(*) Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release and related conference call
contain, in addition to historical information, forward-looking statements including statements related to the Company’s ability
to manage its business and liquidity during and after the COVID-19 pandemic, the impact of the COVID-19 pandemic on the Company’s
results of operations, including net revenues, earnings and cash flows, the Company’s ability to reduce costs and capital spending
in response to the COVID-19 pandemic if needed, the Company’s balance sheet, liquidity and inventory position throughout and following
the COVID-19 pandemic, the Company’s prospects for financial performance, growth and achievement of its long-term growth algorithm
following the COVID-19 pandemic, future dividends and share repurchases.
This press release may also 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 the Company’s, 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 the Company’s,
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.
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/
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 29, 2026 |
By: |
/s/ DANIEL DOMÍNGUEZ VERA |
| |
Name: |
Daniel Domínguez Vera |
| |
Title: |
Market Relations Officer |
