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.

Buenaventura announced 2Q26 production and sales results. Total gold production including associated companies was 37,266 ounces, and silver was 3,523,749 ounces. The company reported average realized prices for the quarter of $4,342/oz for gold and $89.52/oz for silver. Management revised 2026 guidance for several operations: Yumpag and Tambomayo guidance increased due to higher grades and exploration results, Orcopampa guidance was revised for higher grades, and San Gabriel guidance was revised downward due to tailings-management constraints and metallurgical recovery rates. Additionally, the company received approval in 3Q26 to increase the Yumpag mining rate to 1,200 tonnes per day. The company is Peru's largest publicly traded precious and base metals mining company.