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 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 Announces
Third Quarter and Nine-month 2025 Results
Lima, Peru, October 30, 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, today announced results for the third quarter (3Q25) and
nine-month period ended September 30, 2025 (9M25). 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$).
Third Quarter and Nine-Month 2025
Highlights:
| · | Buenaventura's 3Q25 consolidated
silver production decreased by 3% YoY due to lower production at Uchucchacua and Yumpag, partially offset by increased production at El
Brocal and Julcani. Gold production decreased by 21% YoY due to decreased output at Orcopampa and Tambomayo. Copper production decreased
by 24% YoY. In 3Q24, all stockpiled ore was processed from El Brocal’s 2Q24 voluntary temporary processing plant suspension. |
| · | 3Q25 EBITDA from direct
operations was US$ 202.1 million, compared to US$ 136.5 million reported in 3Q24 which excluded the sale of Chaupiloma Royalty Company.
9M25 EBITDA from direct operations reached US$ 458.5 million, compared to US$ 338.2 million reported in 9M24, which excluded the sale
of Chaupiloma Royalty Company. |
| · | 3Q25 net income reached
US$ 179.0 million, compared to US$ 244.4 million for the same period in 2024, which included the sale of Chaupiloma Royalty Company. 9M25
net income was US$ 424.2 million, compared to US$ 385.9 million in net income for the 9M24, which included the sale of Chaupiloma Royalty
Company. |
| · | 3Q25 CAPEX related to San
Gabriel was US$ 92.3 million, allocated to completing the processing plant’s construction to enable the commencement of commercial
production in 4Q25. |
| · | Buenaventura's cash position
reached US$ 485.7 million by quarter’s end, September 30, 2025, while net debt amounted to US$ 224.9 million, resulting in a Leverage
Ratio of 0.41x. |
| · | On September 5, 2025, the
Peruvian Ministry of Energy and Mines granted Coimolache a new operating permit authorizing fresh ore placement on a new level of Tantahuatay’s
leach platform and on additional adjacent surface areas. This milestone marks the initiation of full-capacity production at both the mine
and the leach pad. |
| · | Buenaventura’s Board
of Directors has approved a dividend payment of US$ 0.1446 per share/ADS. |
Financial Highlights (in millions
of US$, excluding EPS):
| | |
| 3Q25 | | |
| 3Q24 | | |
| Var % | | |
| 9M25 | | |
| 9M24 | | |
| Var % | |
| Total Revenues | |
| 431.0 | | |
| 331.1 | | |
| 30 | % | |
| 1,108.2 | | |
| 855.0 | | |
| 30 | % |
| Operating Income | |
| 154.3 | | |
| 286.4 | | |
| -46 | % | |
| 336.1 | | |
| 399.9 | | |
| -16 | % |
| EBITDA Direct Operations (1) | |
| 202.1 | | |
| 136.5 | | |
| 48 | % | |
| 458.5 | | |
| 338.2 | | |
| 36 | % |
| EBITDA Including Affiliates | |
| 345.5 | | |
| 242.1 | | |
| 43 | % | |
| 837.3 | | |
| 664.7 | | |
| 26 | % |
| Net Income (2) | |
| 167.1 | | |
| 236.9 | | |
| -29 | % | |
| 398.5 | | |
| 369.1 | | |
| 8 | % |
| EPS (3) | |
| 0.66 | | |
| 0.93 | | |
| -29 | % | |
| 1.57 | | |
| 1.45 | | |
| 8 | % |
| (1) | Does not include US$ 208.9 million from the sale of Chaupiloma Royalty Company
in 3Q24. |
| (2) | Net Income attributable to owners of the parent. |
| (3) | As of September 30, 2025, Buenaventura had a weighted average number of shares
outstanding of 253,986,867. |
For a full version of Compañía de Minas Buenaventura
Third Quarter 2025 Earnings Release, please visit: https://buenaventura.com/en/inversionista/reporte-trimestral-2025/
CONFERENCE CALL INFORMATION:
Compañia de Minas Buenaventura will host
a conference call on Friday, October 31, 2025, 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:
7177883
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 2023
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: October 30, 2025 |
By: |
/s/ DANIEL DOMÍNGUEZ VERA |
| |
Name: |
Daniel Domínguez Vera |
| |
Title: |
Market Relations Officer |
