Compañía de Minas Buenaventura S.A.A. reported gold production of 37,266 ounces for the second quarter ended June 30, 2026. The company revised its 2026 production guidance for several units, including Yumpag and San Gabriel, to reflect updated operational constraints and grade profiles.

Production and Sales

Total gold production, including associated companies, reached 37,266 ounces for the three months ended June 30, 2026, and 75,062 ounces for the six months ended June 30, 2026. Silver production totaled 3,523,749 ounces for the quarter and 7,233,076 ounces for the half-year. The company sold 33,092 gold ounces and 3,342,427 silver ounces during the second quarter.

Operational Updates

Buenaventura revised guidance for the Yumpag unit to reflect a stronger-than-expected grade profile, following silver production that exceeded projections in the second quarter. The company received approval in the third quarter to increase the mining rate to 1,200 tonnes per day from 1,000 tonnes per day.

At San Gabriel, the company revised guidance to account for tailings-management constraints and current metallurgical recovery rates. The unit continued its ramp-up during the quarter, with processed tonnage constrained by challenges at the tailings filtration plant. Sales volumes began recording in the second quarter.

Guidance for Orcopampa was revised to reflect higher grades in areas currently under development, as gold production slightly exceeded projections due to higher ore throughput. Tambomayo’s guidance was revised to reflect increased production volumes, supported by positive exploration results and the current commodity price environment, after silver production exceeded projections.

Average Realized Prices

Average realized prices for the three months ended June 30, 2026, were $4,342 per ounce for gold and $89.52 per ounce for silver. Lead and zinc realized prices were $1,852 and $3,451 per metric ton, respectively, while copper realized $14,029 per metric ton.

Compañía de Minas Buenaventura S.A.A. has scheduled its Second Quarter 2026 earnings conference call for Friday, July 31, 2026, at 11:00 AM Eastern Time. The call will provide a detailed review of the company's financial and operating performance for the quarter. Leandro García Raggio, Chief Executive Officer, along with other members of the senior management team, will participate in the discussion to address investor queries.

The company plans to issue its second quarter results on Thursday, July 30, 2026, after the market close. Investors and analysts can access the live webcast or dial in to participate directly in the question-and-answer session.

Conference Call Details

Participants can join the call using the following contact numbers:

Callers must request to join the Compañía de Minas Buenaventura call. Alternatively, participants may use the "Call Me" feature available via the provided link 10 to 15 minutes before the start time by entering passcode 6542343.

Access and Replay

A live webcast of the conference call will be available online. For those unable to attend the live session, a replay will be accessible for seven days following the event.

Compañía de Minas Buenaventura S.A.A. is Peru’s largest publicly traded precious and base metals company. It is engaged in the exploration, mining, development, processing, and trade of gold, silver, and other base metals through wholly-owned mines and joint venture projects. The company currently operates several mines in Peru, including Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, San Gabriel, El Brocal, and Coimolache. Additionally, Buenaventura holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant Peruvian copper producer.