News about Buenaventura

Compañía de Minas Buenaventura reported third-quarter 2026 revenue of US$545.33 million and net income of US$245.09 million, and its board approved a dividend of US$0.5508 per share or ADS. The company has committed to distributing at least 40% of prior-year net income, while it expects capex of around US$500 million in 2026. Analysts forecast revenue growth of 1.7% a year over the next three years, with profit margins easing from 48.6% today to 42.7% by 2029. Earnings are projected to fall from about US$1.1b today to US$993.2 million in 2029. Before this update, the most optimistic analysts had penciled in about US$2.5b of 2029 revenue.

Buenaventura Mining (NYSE: BVN) reported third-quarter 2026 revenue up 27% to $545 million, EBITDA from direct operations up 34% to $261 million, and net income up 50% to $268 million. Free cash flow reached $242 million, the company held about $1 billion in cash, and the board approved an interim dividend of $0.5508 per share or ADS. Copper output rose 7% to 13,600 metric tons on higher El Brocal throughput, while gold fell 6% and silver fell 21%, with costs higher due to a more selective mining method and the shift to an owner-operated fleet. San Gabriel's ramp-up is constrained by filtered-tailings drying and compaction capacity rather than the processing plant, and the company aims to reach nameplate capacity by the end of 2028, with annual gold output projected at 110,000–120,000 ounces.

Buenaventura announced its third-quarter and nine-month 2026 results. Direct copper production rose 7% year-over-year, mainly from higher ore throughput at El Brocal, while direct gold fell 6%; equity-attributable gold, including associates, rose 7% on a full quarter at nameplate capacity at Coimolache. Silver output fell 21%, lead 12% and zinc 1%. Direct-operations EBITDA was US$261.2 million in 3Q26 (vs US$195.3 million in 3Q25) and net income was US$268.4 million (vs US$179.0 million); for nine months, EBITDA was US$882.0 million and net income US$825.4 million. Processing at San Gabriel was constrained for most of the quarter during tailings filtration reinforcement, resuming in the final week of September. The company reported cash of US$1,000.6 million and negative net debt of US$307.3 million, and its Board approved a dividend of US$0.5508 per share or ADS.