Highlights of the fourth quarter and full year 2025:
- Buenaventura’s 4Q25 consolidated silver production increased 2% year-on-year thanks to increased production at Tambomayo. Lead production increased 58% year-on-year and zinc production increased 43% year-on-year as mining activities at Uchucchacua continued to focus on polymetallic stopes during the quarter. Gold production fell 11% year-on-year due to reduced production, mainly at Tambomayo. Copper production was in line with 4Q24 levels.
- EBITDA from direct operations in 4Q25 was US$353.5 million, compared to US$93.4 million reported in 4Q24. EBITDA from direct operations for FY25 was US$811.9 million, compared to US$431.2 million reported in FY24, excluding the sale of Chaupiloma Royalty Company.
- Net profit for Q4 25 was US$383.6 million, compared to US$33.6 million in the same period of 2024. Net profit for FY25 was US$782.1 million, compared to US$402.7 million in FY24, which included the sale of the Chaupiloma Royalty Company.
- CAPEX for San Gabriel in Q4 25 totaled US$153.4 million, primarily for the completion of processing plant construction.
- Buenaventura ended the year with a cash position of US$529.8 million, while net debt was US$179.8 million, resulting in a leverage ratio of 0.22x.
- On January 29, 2026, after the quarter end, Buenaventura received US$97.9 million in dividends related to its stake in Cerro Verde.
- Buenaventura’s Board of Directors has proposed a dividend payment of US$0.9904 per share/ADS.
Financial highlights (in millions of US$, excluding earnings per share) :
4Q25 | 4Q24 | Wash % | Financial year 25 | Financial year 24 | Wash % | |
Total revenue | 623.4 | 299.6 | 108% | 1,731.6 | 1,154.6 | 50% |
Business income | 297.2 | 45.8 | 549% | 633.2 | 445.7 | 42% |
EBITDA Direct activities (1) | 353.5 | 93.4 | 279% | 811.9 | 431.2 | 88% |
EBITDA Including subsidiaries (1) | 555.3 | 185.9 | 199% | 1,392.6 | 850.2 | 64% |
Net income (2) | 383.6 | 33.6 | 1,041% | 782.1 | 402.7 | 94% |
EPS (3) | 1.51 | 0.13 | 1,041% | 3.08 | 1.59 | 94% |
- Excludes US$208.9 million from the sale of Chaupiloma Royalty Company in 3Q24.
- Net income attributable to the owners of the parent company.
- As of December 31, 2025, Buenaventura had a weighted average number of shares outstanding of 253,986,867.
For a full version of Compañía de Minas Buenaventura’s fourth quarter 2025 earnings results, visit: https://buenaventura.com/informes-y-reportes
CONFERENCE CALL INFORMATION:
Compañia de Minas Buenaventura will host a conference call to discuss these results on Friday, February 27, 2026 at 10:00 AM Eastern Time / 10:00 AM Lima Time.
To join the conference call, please call:
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+1 844 481 2914
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+1 412 317 0697
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Company description
Compañía de Minas Buenaventura SAA is Peru’s largest publicly traded precious and base metals company and a major mining rights holder in Peru. The company engages in the exploration, mining development, processing and commercialization of gold, silver and other base metals through wholly owned mines and by participating 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, a major Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).
For a printed version of the Company’s 2024 Form 20-F, please contact the investor relations contacts on page 1 of this report or download the PDF file from the Company’s website at www.buenaventura.com .
Operations wholly owned by Buenaventura
Note on Forward-Looking Statements
This press release and the related conference call contain, in addition to historical information, forward-looking statements, including statements regarding the Company’s ability to manage its operations 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 expenditures in response to the COVID-19 pandemic, if necessary, the Company’s balance sheet, liquidity and inventory position during and after the COVID-19 pandemic. pandemic, the company’s prospects for financial performance, growth and the 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 involves risks and uncertainties, including those relating to the Company’s costs and expenses, Cerro Verde, the results of exploration, the continued improvement in the efficiency of operations, prevailing market prices of mined gold, silver, copper and other metals, the success of joint ventures, estimates of future exploration, 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 views regarding the future financial performance of the Company, Cerro Verde. Actual results may differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this press release. View the source version on businesswire.com:
https://www.businesswire.com/news/home/20260226583825/en/
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 person in NY:
Barbara Kano
(646) 452 2334
barbara@inspirgroup.com Company website:
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