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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