Earnings ·
Buenaventura Mining Co Inc reported second quarter 2026 results showing a significant increase in profitability
BVNBuenaventura Mining Co Inc
Buenaventura Mining Co Inc reported second quarter 2026 results showing a significant increase in profitability. Gold production rose 12% year-over-year, while consolidated silver production increased 2%. EBITDA from direct operations reached US$277.1 million, up from US$130.1 million in the prior year period. Net income attributable to parent owners was US$237.4 million, compared to US$91.3 million previously. The company received US$117.5 million in dividends from its 19.58% stake in Cerro Verde subsequent to quarter-end. Cash position totaled US$758.9 million with a net cash balance of US$66.6 million. Buenaventura operates as Peru’s largest publicly-traded precious and base metals mining company, engaged in the exploration, mining, processing, and trade of gold, silver, copper, lead, and zinc.