Compañía de Minas Buenaventura S.A.A. (BVN) Earnings Call Transcripts

Compañía de Minas Buenaventura S.A.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Compañía de Minas Buenaventura S.A.A. reported total revenues of $625 million, more than doubling year-over-year, driven by a significant ramp-up in gold production at San Gabriel. The company achieved a net income of $355 million, reflecting a 142% increase compared to the same quarter last year. Management signaled strong operational performance and a robust cash position of $760 million, while also indicating expectations for continued improvements in production and permitting progress, which could positively influence future earnings.

Reported metrics

Guidance from management

Management expects to continue ramping up production at San Gabriel, targeting 2,000 tonnes per day by the end of December 2026 and full capacity of 3,000 tonnes per day by the end of 2027. They also anticipate strong cash generation from Cerro Verde.

What management said

Thank you, Carlos, for your questions. Well, in beginning for the -- for the first question about San are. As you know, we are in the first stage of the ramp-up, we have challenges. But up to now, we are in line with expectations. Maybe Juan Carlos Ortizs can give you more details about how we are going with San Gabriel. Please, Juan Carlos.

Yes. Going back to the -- your second question about -- we are far from that decision. If we go alone or we call for a partner to construct and to develop that project. We are in stage of investigating all geotechnical, more drillings we need. Maybe Renzo can help us what we are facing this year and the following 2 years until we reach the feasibility study. Please, Renzo, go ahead.

What analysts pressed on

Analysts expressed concerns about the rising costs associated with personnel and the potential impact of high moisture content in ore at San Gabriel on operational efficiency. There were also inquiries regarding supply chain pressures and the political landscape in Peru affecting operations.

Main topics on the call

• Gold Production Ramp-Up — Gold production reached 30,000 ounces, an 80% increase year-over-year, primarily due to ramp-up operations at San Gabriel. Management stated, 'As production volumes continue to ramp up, the company expects to begin recov...
• Strong Revenue Growth — Total revenues for the quarter were $625 million, more than doubling year-over-year, attributed to stronger operational performance and favorable market conditions. Management noted that this reflects 'stronger operating...
• EBITDA and Margin Improvement — EBITDA from direct operations reached $386 million, more than three times higher year-over-year, with margins improving from 41% to 62%. This significant margin expansion was highlighted as a key achievement.
• Permitting Progress — Management reported receiving several key permits, including Stage 1 of the operating permit for San Gabriel, which allows for processing and commercialization. They emphasized that 'these permitting milestones help supp...

Read the full Compañía de Minas Buenaventura S.A.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Compañía de Minas Buenaventura S.A.A. earnings call transcripts on record, spanning February 21, 2020 to July 31, 2026. Based on this history, Compañía de Minas Buenaventura S.A.A. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BVN

Exchange

NYSE

Country

US

Sector

Materials

Industry

Metals and Mining

Calls on record

30

First call

February 21, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly