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Recent press releases and 8-K filings for BVN.
Buenaventura Announces Strong Q4 and Full Year 2025 Results, San Gabriel Project Nears Completion
BVN
Earnings
Guidance Update
New Projects/Investments
- Buenaventura reported a Net Income of $406 million for Q4 2025 and $830 million for FY 2025, with EBITDA Direct Operations reaching $354 million in Q4 2025 and $812 million for FY 2025.
- The San Gabriel project achieved 99% total progress by Q4 2025, with construction 98% complete, and produced its first doré bar on December 23, 2025, with 2026 production guidance of 48k - 55k Gold Ounces from the project.
- The company's Leverage Ratio improved to 0.22x for FY 2025, and the Board of Directors approved a dividend payment of US$ 0.9904 per share/ADS.
- For 2026, Buenaventura provided guidance projecting 153 kOz of gold, 15 MOz of silver, and 53 Kton of copper production.
5 hours ago
Buenaventura Reports Strong FY 2025 Results, Updates San Gabriel Guidance, and Increases Dividend Payout
BVN
Earnings
Guidance Update
Dividends
- Buenaventura reported net income of $830 million for the full year 2025, compared to $460 million in 2024, and ended the year with a cash position of $530 million and a leverage ratio of 0.22x.
- The company's board approved a dividend of $0.9904 per share for Q4 2025, bringing total dividends declared over the past 12 months to $1.135 per share. The dividend payout policy has been increased to 40% of 2025 net income.
- The San Gabriel project reached 99% overall completion by Q4 2025 and produced its first gold bar in December. However, 2026 gold production guidance for San Gabriel is set between 48,000 and 55,000 ounces, lower than previous expectations, primarily due to pending construction, permitting, and a redesign of the ventilation system.
- For 2026, the company anticipates total CapEx between $385 million and $415 million , with revenue guidance of $1.8 billion to $2 billion and EBITDA guidance of $800 million to $1 billion.
- The exploration budget for 2026 has been increased to between $90 million and $100 million.
9 hours ago
Buenaventura Reports Strong 2025 Results, San Gabriel Nears Completion, and Provides 2026 Guidance
BVN
Earnings
Guidance Update
Dividends
- Buenaventura reported full-year 2025 net income of $830 million, a significant increase from $460 million in 2024, and ended the year with a cash position of $530 million and a leverage ratio of 0.22 times.
- The San Gabriel project achieved 99% overall completion by Q4 2025, produced its first gold bar in December, and is anticipated to reach a stable 2,000 tons per day throughput in Q3 2026.
- For 2026, the company expects gold production of 48,000 to 55,000 ounces (lower than prior expectations due to operational adjustments at San Gabriel), total CapEx between $385 million and $415 million, and projects revenues of $1.8 billion-$2 billion with EBITDA of $800 million-$1 billion.
- The board approved a dividend of $0.9904 per share, representing 40% of 2025 net income, and anticipates receiving $200 million in dividends from Cerro Verde in 2026.
10 hours ago
Buenaventura Mining Co. Announces Q4 2025 Earnings and 2026 Outlook
BVN
Earnings
Guidance Update
Dividends
- Buenaventura reported full-year 2025 net income of $830 million, compared to $460 million in 2024, which included $157.3 million from the sale of Chaupiloma. EBITDA from direct operations for the full year 2025 was $112 million.
- The San Gabriel project reached 99% overall progress by Q4 2025, producing its first gold bar in December. The 2026 gold production guidance for San Gabriel is set at 48,000 to 55,000 ounces, with stable 2,000 tons per day throughput expected in Q3 2026.
- For 2026, the company forecasts total CapEx between $385 million and $415 million, with revenues projected at $1.8 billion-$2 billion and EBITDA at $800 million-$1 billion. The board approved a dividend of $0.9904 per share, increasing the dividend policy to 40% of the previous year's net income, and $200 million in dividends from Cerro Verde is expected in 2026.
10 hours ago
Buenaventura Announces Q4 and Full Year 2025 Production Results and 2026 Guidance
BVN
Earnings
Guidance Update
New Projects/Investments
- Buenaventura announced its Fourth Quarter and Full Year 2025 production and volume sold results for gold, silver, lead, zinc, and copper.
- The company provided 2026 production guidance, anticipating increases in gold production at Coimolache and Julcani, and higher silver, lead, and zinc production at Uchucchacua.
- San Gabriel is expected to commence commercial production in Q1 2026, with construction and mine development completed, despite permit delays impacting 2025 production.
- Average realized prices in Q4 2025 included $4,214 per ounce for gold and $11,241 per metric ton for copper.
Feb 17, 2026, 10:43 PM
Buenaventura Projects Significant Production and Financial Growth with San Gabriel Launch
BVN
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Buenaventura projects a significant financial turnaround and growth, with the San Gabriel gold project commencing production in the third week of December 2025 and expected to produce 75,000-80,000 ounces of gold in 2026, increasing to over 100,000 ounces per year in subsequent years.
- The company forecasts long-run annual production to reach 200,000-220,000 ounces of gold, 20-22 million ounces of silver (with Uchucchacua and Yumpag reaching this level by 2028), and 120,000-130,000 tons of copper.
- For 2025, Buenaventura expects revenues between $1.4 billion and $1.5 billion and EBITDA of $550 million to $600 million, with EBITDA projected to peak near $750 million in 2029.
- The company anticipates generating positive free cash flow starting in 2026, with projections of $150 million in 2026, rising to $400 million in 2027 and 2028, and $500 million in 2029.
- Capital expenditures for 2025 are estimated at $400 million, with a peak sustaining CapEx of $229 million in 2026 to support key projects and expansions.
Nov 18, 2025, 2:30 PM
Buenaventura Outlines Long-Term Strategy and Production Targets at 2025 Investor Day
BVN
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Buenaventura projects 2025 revenues between $1.4 billion and $1.5 billion, with EBITDA of $550 million to $600 million and an EBITDA margin of approximately 40%. The company reported a leverage ratio of 0.45 as of September 2025.
- The company aims for significant long-term production increases, targeting 200,000-220,000 ounces of gold per year, 20-22 million ounces of silver per year, and 120,000-130,000 tons of copper. The San Gabriel project is set to begin production in December 2025, with an expected contribution of 75,000-80,000 ounces of gold in 2026.
- Buenaventura's 2025 capital expenditures are estimated at $400 million, with $300 million allocated to San Gabriel. Sustaining CapEx is projected to be $229 million in 2026, decreasing to $100 million-$120 million annually from 2027 to 2029. The company anticipates positive free cash flow starting in 2026, growing to $500 million by 2029.
Nov 18, 2025, 2:30 PM
Buenaventura Outlines Long-Term Production and Financial Targets
BVN
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Buenaventura projects revenues between $1.4 billion and $1.5 billion for 2025, with an expected EBITDA of $550 million to $600 million for the same year, and anticipates positive free cash flow starting in 2026.
- The company aims to significantly increase production, targeting 200,000-220,000 ounces of gold per year in the long run, 20-22 million ounces of silver per year within five years, and 120,000-130,000 tons of copper.
- Key projects like San Gabriel are set to begin production in December 2025, with initial cash costs estimated at $2,000 per ounce expected to decrease to $1,400-$1,500 per ounce.
- Buenaventura plans to reduce cash costs across its operations, including El Brocal to $5,000 per ton of copper and Uchucua/Yumpac to $9-$10 per ounce of silver, by increasing throughput and operational efficiencies.
- The company's leverage ratio as of September 2025 was 0.45 times EBITDA, with a goal to not exceed two times.
Nov 18, 2025, 2:30 PM
Buenaventura Reports Q3 2025 Earnings Results with Strong EBITDA Growth and San Gabriel Project Nearing Completion
BVN
Earnings
Dividends
New Projects/Investments
- Buenaventura reported Q3 2025 EBITDA of US$ 202.1 million, a 48% increase year-over-year (excluding the sale of Chaupiloma in 3Q24), and a net income of US$ 79.6 million. The company maintained a cash position of US$ 486 million with US$ 711 million in debt, resulting in a leverage ratio of 0.41x.
- The San Gabriel project achieved 96% overall progress and 95% construction completion in Q3 2025, with the first gold bar anticipated by Q4 2025. Q3 2025 CAPEX for San Gabriel was US$ 92 million, contributing to a total cumulative CAPEX of US$ 681 million.
- The Board of Directors approved a dividend payment of US$ 0.1446 per share/ADS. Additionally, a permit was granted for full-capacity operations at Coimolache's mine and leach pad, expected to enhance cash flow.
- Consolidated production for Q3 2025 included 16.9 kton of Copper, 4.4 MOz of Silver, and 38.9 kOz of Gold.
Oct 31, 2025, 4:00 PM
Buenaventura Reports Q3 2025 Earnings and San Gabriel Project Progress
BVN
Earnings
New Projects/Investments
Dividends
- Buenaventura reported EBITDA from direct operations of $202.1 million in Q3 2025, marking a 48% increase compared to the same period last year, and a net income of $167.1 million.
- The San Gabriel project reached 96% overall progress by Q3 2025, with commercial production anticipated to begin in the Fourth Quarter of 2025. The project's total CAPEX stood at $681 million as of September 2025.
- For Q3 2025, copper production was 12,800 tons (down 24% year-on-year), silver production was 4.3 million ounces (down 3%), and gold production was 30,894 ounces (down 21%).
- The company's Board of Directors approved a dividend payment of $0.1446 per ADS, and the San Gabriel project is projected to produce 70,000 to 90,000 ounces of gold in 2026, aiming for break-even by the second quarter of 2026.
Oct 31, 2025, 4:00 PM
Quarterly earnings call transcripts for BUENAVENTURA MINING CO.
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