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    SEC Form 6-K filed by Buenaventura Mining Company Inc.

    7/16/26 4:30:31 PM ET
    $BVN
    Metal Mining
    Basic Materials
    Get the next $BVN alert in real time by email
    6-K 1 tm2620693d1_6k.htm FORM 6-K

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    FORM 6-K

     

     

     

    Report of Foreign Issuer

    Pursuant to Rule 13a-16 or 15d-16

    of the Securities Exchange Act of 1934

     

    For the month of July 2026

     

    Commission File Number: 001-14370

     

     

     

    COMPANIA DE MINAS BUENAVENTURA S.A.A.

    (Exact name of registrant as specified in its charter)

     

    BUENAVENTURA MINING COMPANY INC.

    (Translation of registrant’s name into English)

     

     

     

    AV. BEGONIAS NO. 415, 19TH FLOOR,

    SAN ISIDRO, LIMA, PERU

    (Address of principal executive office)  

     

     

     

    Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

     

    Form 20-F  x            Form 40-F  ¨

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

     

    Yes  ¨            No  x

     

    Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

     

    Yes  ¨            No  x

     

     

     

     

     

     

     

    Buenaventura Announces Second Quarter 2026 Results for Production and Volume Sold per Metal

     

    Lima, Peru, July 16, 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 2Q26 results for production and volume sold.

     

    Production per Metal

     

           Three Months Ended June 30, 2026   Six Months Ended June 30, 2026   2026 Updated Guidance (1) 
                     
    Gold ounces produced                    
    El Brocal   61.43%   4,621    8,826    15.0k - 17.0k 
    San Gabriel   100%   2,774    4,460    25.0k - 30.0k 
    Julcani   100%   2,750    5,214    9.0k - 11.0k 
    Orcopampa   100%   13,981    28,973    48.0k - 53.0k 
    Tambomayo   100%   3,033    5,996    9.0k -11.0k 
    La Zanja   100%   3,384    7,078    14.0k - 17.0k 
    Total Direct Operations (2)        30,543    60,547    120.0k - 139.0k 
    Coimolache   40.094%   21,214    44,694    90.0k - 100.0k 
    Total incl. Associated Companies (3)        37,266    75,062    150.3k - 172.5k 
                         
    Silver ounces produced                    
    Uchucchacua   100%   527,892    1,122,003    2.5M - 2.8M 
    Yumpag   100%   2,320,439    4,403,922    8.5M - 9.0M 
    El Brocal   61.43%   370,538    978,289    1.5M - 1.7M 
    San Gabriel   100%   1,487    2,328    - 
    Julcani   100%   164,168    463,465    1.3M - 1.5M 
    Orcopampa   100%   3,456    6,026    - 
    Tambomayo   100%   226,044    520,369    0.9M - 1.1M 
    La Zanja   100%   10,489    24,249    - 
    Total Direct Operations (2)        3,624,514    7,520,650    14.7M - 16.1M 
    Coimolache   40.094%   105,133    223,854    0.3M - 0.4M 
    Total incl. Associated Companies (3)        3,523,749    7,233,076    14.2M - 15.6M 
                         
    Lead metric tons produced                    
    Uchucchacua   100%   3,276    7,038    17.0k - 19.0k 
    Julcani   100%   79    294    - 
    Tambomayo   100%   286    804    1.5k - 1.8k 
    Total Direct Operations (2)        3,642    8,136    18.5k - 20.8k 
                         
    Zinc metric tons produced                    
    Uchucchacua   100%   7,018    13,986    27.0k - 30.0k  
    Tambomayo   100%   342    754    1.6k - 1.8k 
    Total Direct Operations (2)        7,360    14,740    28.6k - 31.8k 
                         
    Copper metric tons produced                    
    El Brocal   61.43%   13,430    24,241    48.0k - 53.0k 
    Julcani   100%   45    132    - 
    Total Direct Operations (2)        13,475    24,373    48.0k - 53.0k 

     

     

    1.2026 projections are considered to be forward-looking statements and represent management’s good faith estimates or expectations of future production results as of July 2026.
    2.Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.
    3.Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.

     

    1

     

     

     

    Volume Sold per Metal

     

       Three Months Ended June 30, 2026   Six Months Ended June 30, 2026 
             
    Gold ounces sold          
    El Brocal   1,837    3,663 
    San Gabriel   3,203    3,203 
    Julcani   2,557    4,671 
    Orcopampa   14,083    29,054 
    Tambomayo   2,689    5,356 
    La Zanja   3,187    7,163 
    Total Direct Operations (1)   27,556    53,110 
    Coimolache   23,564    43,220 
    Total incl. Associated Companies (2)   33,092    65,823 
               
    Silver ounces sold          
    Uchucchacua   652,397    1,191,200 
    Yumpag   2,105,206    4,106,131 
    El Brocal   275,261    763,795 
    San Gabriel   1,254    1,254 
    Julcani   128,651    380,884 
    Orcopampa   3,666    6,280 
    Tambomayo   203,195    461,751 
    La Zanja   15,001    33,933 
    Buenaventura Trading (3)   20,069    42,081 
    Total Direct Operations (1)   3,404,700    6,987,309 
    Coimolache   112,609    215,833 
    Total incl. Associated Companies (2)   3,342,427    6,777,995 
               
    Lead metric tons sold          
    Uchucchacua   3,126    6,577 
    Yumpag   125    294 
    Julcani   45    209 
    Tambomayo   167    568 
    Total Direct Operations (1)   3,462    7,649 
               
    Zinc metric tons sold          
    Uchucchacua   5,844    11,059 
    Tambomayo   229    555 
    Total Direct Operations (1)   6,074    11,614 
               
    Copper metric tons sold          
    El Brocal   12,442    22,402 
    Julcani   9    8 
    Tambomayo   45    108 
    Buenaventura Trading (3)   2,135    4,383 
    Total Direct Operations (1)   14,632    26,901 

     

    1.Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 100% of El Brocal and 100% of Buenaventura Trading.
    2.Considers 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 the vehicle through which Buenaventura purchases copper concentrate from Freeport, produced at Cerro Verde — a company in which Buenaventura holds a 19.58% stake. The concentrate is then sold on the spot market via Buenaventura Trading.

     

    2

     

     

     

    Average realized prices(1)(2)

     

      

    Three Months Ended

    June 30, 2026

      

    Six Months Ended

    June 30, 2026

     
             
    Gold (US$/Oz)   4,342    4,599 
    Silver (US$/Oz)   89.52    94.53 
    Lead (US$/MT)   1,852    1,822 
    Zinc (US$/MT)   3,451    3,387 
    Copper (US$/MT)   14,029    13,877 

     

    1.Considers Buenaventura consolidated figures.
    2.Realized prices include both provisional sales and final adjustments for price changes.

     

    Commentary on Operations

     

    Uchucchacua:

     

    ·2Q26 silver, lead and zinc production was in line with projections.
    ·2026 guidance remains unchanged.

     

    Yumpag:

     

    ·2Q26 silver production exceeded projections, driven by higher-than-expected grades.
    ·2026 guidance has been revised to reflect the stronger-than-expected grade profile.
    ·After quarter’s end, in 3Q26, the Company received approval to increase the mining rate to 1,200 from 1,000 tonnes per day.

     

    El Brocal:

     

    ·2Q26 copper, silver and gold production was in line with projections.
    ·2026 guidance remains unchanged.

     

    San Gabriel:

     

    ·San Gabriel continued its ramp-up during 2Q26, with operating parameters undergoing further optimization. During the quarter, processed tonnage was constrained by tailings-management challenges, particularly at the tailings filtration plant. Initiatives to improve metallurgical recoveries are ongoing.
    ·2026 production guidance has been revised to reflect tailings-management constraints and current metallurgical recovery rates.
    ·The Company began recording sales volumes in 2Q26.

     

    Coimolache:

     

    ·2Q26 gold and silver production was in line with expectations.
    ·2026 guidance remains unchanged.

     

    3

     

     

     

    Julcani:

     

    ·Silver and gold production in 2Q26 was in line with projections.
    ·2026 guidance remains unchanged.

     

    Orcopampa:

     

    ·2Q26 gold production slightly exceeded projections, primarily due to higher ore throughput.
    ·2026 guidance has been revised to reflect higher grades in areas currently under development.

     

    Tambomayo:

     

    ·2Q26 gold, lead and zinc production was in line with projections.
    ·2Q26 silver production exceeded projections, driven by higher-than-anticipated silver grades.
    ·2026 production guidance has been revised to reflect increased production volumes, supported by positive exploration results and the current commodity price environment.

     

    La Zanja:

     

    ·2Q26 gold production was in line with projections.
    ·2026 guidance remains unchanged.

     

    4

     

     

     

    Company Description

     

    Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, San Gabriel*, El Brocal and Coimolache).

     

    The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).

     

    (*) Operations wholly owned by Buenaventura.

     

    Note on Forward-Looking Statements

     

    This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning Cerro Verde’s costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, 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 view with respect to Cerro Verde’s future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.

     

    5

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

     

      COMPAÑÍA DE MINAS BUENAVENTURA S.A.A.
         
    Date: July 16, 2026 By: /s/ DANIEL DOMÍNGUEZ VERA  
      Name: Daniel Domínguez Vera
      Title: Market Relations Officer

     

     

     

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