--- title: "Buenaventura Announces First Quarter 2026 Results for Production and Volume Sold per Metal | BK Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/283057393.md" description: "Buenaventura announced its 1Q26 production results, reporting gold production of 30,035 ounces and silver production of 3,896,136 ounces. The company exceeded projections in several areas, including Uchucchacua and El Brocal, due to higher-than-expected grades. However, San Gabriel's gold production was below projections as it entered a ramp-up phase. The average realized prices for gold, silver, lead, zinc, and copper were $4,875, $99.29, $1,798, $3,316, and $13,696 per metric ton, respectively. Buenaventura remains a leading player in Peru's mining sector, focusing on precious and base metals." datetime: "2026-04-16T13:34:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283057393.md) - [en](https://longbridge.com/en/news/283057393.md) - [zh-HK](https://longbridge.com/zh-HK/news/283057393.md) --- # Buenaventura Announces First Quarter 2026 Results for Production and Volume Sold per Metal | BK Stock News LIMA, Peru--(BUSINESS WIRE)--**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 1Q26 results for production and volume sold. **Production per Metal** **Three Months Ended March 31, 2026** **2026** **Guidance (1)** **Gold ounces produced** El Brocal 61.43% 4,236 15.0k - 17.0k Orcopampa 100% 14,992 42.0k - 47.0k Tambomayo 100% 2,964 5.0k - 6.0k Julcani 100% 2,464 9.0k - 11.0k La Zanja 100% 3,694 14.0k - 17.0k San Gabriel 100% 1,686 48.0k - 55.0k **Total Direct Operations (2)** **30,035** **133.0k - 153.0k** Coimolache 40.094% 23,480 90.0k - 100.0k **Total incl. Associated (3)** **37,815** **163.3k - 186.5k** **Silver ounces produced** El Brocal 61.43% 607,751 1.5M - 1.7M Uchucchacua 100% 594,110 2.5M - 2.8M Yumpag 100% 2,083,483 7.9M - 8.7M Orcopampa 100% 2,570 \- Tambomayo 100% 294,325 0.2M - 0.3M Julcani 100% 299,297 1.3M - 1.5M La Zanja 100% 13,760 \- San Gabriel 100% 840 \- **Total Direct Operations (2)** **3,896,136** **13.4M - 15.0M** Coimolache 40.094% 118,721 0.3M - 0.4M **Total incl. Associated (3)** **3,709,327** **12.9M - 14.5M** **Lead metric tons produced** Uchucchacua 100% 3,763 17.0k - 19.0k Tambomayo 100% 517 0.5k - 0.6k Julcani 100% 215 \- **Total Direct Operations (2)** **4,495** **17.5k - 19.6k** **Zinc metric tons produced** Uchucchacua 100% 6,968 27.0k - 30.0k Tambomayo 100% 411 0.8k - 1.0k **Total Direct Operations (2)** **7,379** **27.8k - 31.0k** **Copper metric tons produced** El Brocal 61.43% 10,811 48.0k - 53.0k Julcani 100% 87 \- **Total Direct Operations (2)** **10,898** **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 April 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. **Volume Sold per Metal** **Three Months Ended March 31, 2026** **Gold ounces sold** El Brocal 1,826 Orcopampa 14,971 Tambomayo 2,667 Julcani 2,114 La Zanja 3,977 San Gabriel 0 **Total Direct Operations (1)** **25,554** Coimolache 19,656 **Total incl. Associated (2)** **32,731** **Silver ounces sold** El Brocal 488,534 Uchucchacua 538,803 Yumpag 2,000,924 Orcopampa 2,615 Tambomayo 258,557 Julcani 252,233 La Zanja 18,932 San Gabriel 0 Buenaventura Trading (3) 22,011 **Total Direct Operations (1)** **3,582,609** Coimolache 103,223 **Total incl. Associated (2)** **3,435,568** **Lead metric tons sold** Uchucchacua 3,451 Yumpag 170 Tambomayo 401 Julcani 165 **Total Direct Operations (1)** **4,187** **Zinc metric tons sold** Uchucchacua 5,215 Tambomayo 325 **Total Direct Operations (1)** **5,540** **Copper metric tons sold** El Brocal 9,960 Tambomayo 63 Julcani 0 Buenaventura Trading (3) 2,248 **Total Direct Operations (1)** **12,269** 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. **Average realized prices(1)(2)** **Three Months Ended March 31, 2026** Gold (US$/Oz) 4,875 Silver (US$/Oz) 99.29 Lead (US$/MT) 1,798 Zinc (US$/MT) 3,316 Copper (US$/MT) 13,696 1. Considers Buenaventura consolidated figures. 2. Realized prices include both provisional sales and final adjustments for price changes. **Commentary on Operations** **Uchucchacua:** - Silver production exceeded 1Q26 projections due to higher than anticipated silver grades. - 1Q26 lead and zinc production was in line with projections. **Yumpag:** - Silver production exceeded 1Q26 projections, driven by higher-than-expected grades. **El Brocal:** - Copper and silver production exceeded projections in 1Q26, primarily due to higher grades from stopes which had been rescheduled to be mined in 1Q26 from 4Q25. - Gold production also outperformed guidance, driven by higher-than-budgeted grades as well as improved recovery during the quarter. **San Gabriel:** - San Gabriel entered the ramp-up phase during 1Q26, with activities currently focused on the instrumentation of the grinding circuit and commissioning of tailings filtration system. During this phase, operating parameters are being optimized, resulting in lower ore throughput for the quarter and gold production below projections. - With production volumes continuing to ramp up, the Company expects to start recording sales volumes in 2Q26. **Coimolache:** - Gold production for 1Q26 was in line with projections. - Silver production exceeded 1Q26 projections driven by higher-than-anticipated grades and recovery. **Julcani:** - Gold production slightly exceeded projections, primarily due to higher ore throughput from the Rosario area. - However, silver production in 1Q26 was below projections, reflecting lower ore throughput and grades. **Tambomayo:** - Silver and lead production exceeded projections in 1Q26, primarily driven by the prioritization of higher-grade ore from the upper sections of the mine. - However, gold and zinc production were below projections, reflecting lower grades in the areas mined during the quarter. **Orcopampa:** - Gold production in 1Q26 exceeded projections, due to higher-than-budgeted grades. **La Zanja:** - Gold production in 1Q26 was in line with projections. **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\*, 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260416983803/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 in NY: Barbara Cano (646) 452 2334 barbara@inspirgroup.com Company Website: https://buenaventura.com/en/inversionista/ Source: Compañía de Minas Buenaventura S.A.A. ### Related Stocks - [BVN.US](https://longbridge.com/en/quote/BVN.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [SIL.US](https://longbridge.com/en/quote/SIL.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [DBB.US](https://longbridge.com/en/quote/DBB.US.md) - [PICK.US](https://longbridge.com/en/quote/PICK.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [FCX.US](https://longbridge.com/en/quote/FCX.US.md) ## Related News & Research - [BUZZ-Silver miners fall on rising yields, stronger dollar](https://longbridge.com/en/news/286580214.md) - [Silver Holds Decline on Inflation Worries](https://longbridge.com/en/news/286689337.md) - [Avino's Q1 revenue doubles to record on surge in realized silver prices](https://longbridge.com/en/news/286320151.md) - [Buenaventura Earnings Call Highlights Profits And Ramp-Up](https://longbridge.com/en/news/286985732.md) - [Galiano Gold Q1 Earnings Call Highlights](https://longbridge.com/en/news/286620706.md)