LIMA, Peru--(BUSINESS WIRE)--October 15, 2026--
Compañía de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded precious metals mining company, today announced its production and sales volumes for third quarter of 2026.
Production by Metal
Three Months Nine Months
Ended September Ended September 2026 Updated
30, 2026 30, 2026 Guidance (1)
---------------- ---------------- ----------------
Gold ounces
produced
El Brocal 4,731 13,557 15.0k - 17.0k
San Gabriel 599 5,059 15.0k - 20.0k
Julcani 3,735 8,949 11.0k - 13.0k
Orcopampa 12,362 41,335 48.0k - 53.0k
Tambomayo 4,034 10,030 9.0k - 11.0k
La Zanja 3,547 10,625 14.0k - 17.0k
------------------ ---------------- ---------------- ----------------
Total Direct
Operations (2) 29,009 89,556 112.0k - 131.0k
Coimolache 25,418 70,112 90.0k - 100.0k
------------------ ---------------- ---------------- ----------------
Total Incl.
Associated
Companies (3) 37,375 112,437 142.3k - 164.5k
Silver ounces
produced
Uchucchacua 565,020 1,687,023 2.5M - 2.8M
Yumpag 1,915,570 6,319,491 8.5M - 9.0M
El Brocal 390,292 1,368,582 1.5M - 1.7M
San Gabriel 420 2,748 -
Julcani 291,370 754,835 1.0M - 1.2M
Orcopampa 3,227 9,253 -
Tambomayo 182,691 703,060 0.9M - 1.1M
La Zanja 11,929 36,178 -
------------------ ---------------- ---------------- ----------------
Total Direct
Operations (2) 3,360,520 10,881,170 14.4M - 15.8M
Coimolache 113,074 336,929 0.3M - 0.4M
------------------ ---------------- ---------------- ----------------
Total Incl.
Associated
Companies (3) 3,255,320 10,488,396 13.9M - 15.3M
Lead metric tons
produced
Uchucchacua 3,702 10,740 17.0k - 19.0k
Julcani 112 406 -
Tambomayo 456 1,259 1.5k - 1.8k
------------------ ---------------- ---------------- ----------------
Total Direct
Operations (2) 4,270 12,406 18.5k - 20.8k
Zinc metric tons
produced
Uchucchacua 6,433 20,419 27.0k - 30.0k
Tambomayo 505 1,259 1.6k - 1.8k
------------------ ---------------- ---------------- ----------------
Total Direct
Operations (2) 6,938 21,678 28.6k - 31.8k
Copper metric
tons produced
El Brocal 13,534 37,775 48.0k - 53.0k
Julcani 68 200 -
------------------ ---------------- ---------------- ----------------
Total Direct
Operations (2) 13,602 37,975 48.0k - 53.0k
1. 2026 guidance, including production guidance, constitutes
forward-looking statements and reflects management's current estimates or
expectations and assumptions as of the date of this press release. Such
guidance is not a guarantee of future performance, and actual results may
differ materially.
2. Includes 100% of Buenaventura's operating units, 100% of La Zanja and
100% of El Brocal.
3. Includes 100% of Buenaventura's operating units, 100% of La Zanja,
61.43% of El Brocal and 40.094% of Coimolache.
Sales Volumes by Metal
Three Months Ended Nine Months Ended
September 30, 2026 September 30, 2026
------------------- -------------------
Gold ounces sold
El Brocal 1,974 5,638
San Gabriel 1,418 4,621
Julcani 3,448 8,119
Orcopampa 12,353 41,407
Tambomayo 3,736 9,092
La Zanja 2,392 9,555
-------------------------------- ------------------- -------------------
Total Direct Operations (1) 25,321 78,431
Coimolache 23,868 67,088
-------------------------------- ------------------- -------------------
Total Incl. Associated Companies
(2) 34,129 103,155
Silver ounces sold
Uchucchacua 978,407 2,169,607
Yumpag 1,899,002 6,005,133
El Brocal 251,641 1,015,437
San Gabriel 370 1,624
Julcani 261,716 642,601
Orcopampa 3,946 10,226
Tambomayo 164,608 626,359
La Zanja 9,235 43,167
Buenaventura Trading (3) 20,365 62,446
-------------------------------- ------------------- -------------------
Total Direct Operations (1) 3,589,290 10,576,599
Coimolache 106,343 322,176
-------------------------------- ------------------- -------------------
Total Incl. Associated Companies
(2) 3,534,869 10,314,118
Lead metric tons sold
Uchucchacua 3,387 9,964
Yumpag 174 468
Julcani 79 288
Tambomayo 331 899
-------------------------------- ------------------- -------------------
Total Direct Operations (1) 3,970 11,619
Zinc metric tons sold
Uchucchacua 5,364 16,423
Tambomayo 359 914
-------------------------------- ------------------- -------------------
Total Direct Operations (1) 5,724 17,338
Copper metric tons sold
El Brocal 12,554 34,956
Julcani 14 22
Tambomayo 85 193
Buenaventura Trading (3) 2,168 6,551
-------------------------------- ------------------- -------------------
Total Direct Operations (1) 14,821 41,722
1. Includes 100% of Buenaventura's operating units, 100% of La Zanja, 100%
of El Brocal and 100% of Buenaventura Trading.
2. Includes 100% of Buenaventura's operating units, 100% of La Zanja, 100%
of Buenaventura Trading, 61.43% of El Brocal and 40.094% of Coimolache.
3. Buenaventura Trading is an entity through which Buenaventura purchases
copper concentrate from Freeport, produced at Cerro Verde, in which
Buenaventura holds a 19.58% ownership interest. The concentrate is
subsequently sold on the spot market through Buenaventura Trading.
Average Realized Prices (1)(2)
Three Months Ended Nine Months Ended
September 30, 2026 September 30, 2026
------------------- -------------------
Gold (US$/Oz) 4,216 4,475
Silver (US$/Oz) 57.82 82.07
Lead (US$/MT) 1,612 1,751
Zinc (US$/MT) 3,987 3,585
Copper (US$/MT) 15,190 14,343
1. Based on Buenaventura's consolidated figures.
2. Realized prices include provisional pricing and final pricing
adjustments.
Commentary on Operations
Uchucchacua:
-- 3Q26 silver, lead and zinc production was in line with projections. -- 2026 guidance remains unchanged.
Yumpag:
-- 3Q26 silver production was in line with projections. The lower grades
recorded during the quarter were consistent with the mine plan.
-- 2026 guidance remains unchanged.
El Brocal:
-- 3Q26 copper, silver and gold production was in line with projections.
As planned, the operation achieved a processing rate of 13,500 tons per
day (tpd) by quarter-end.
-- 2026 guidance remains unchanged.
