Financial Data and Key Metrics Changes - Third quarter 2022 EBITDA from direct operations was $22.2 million, down from $39.5 million in the third quarter of 2021 [7] - Operating cash flow for Q3 2022 reached $16.1 million, a significant improvement from a negative $464.3 million in Q3 2021, which included a $544.2 million payment to the Peruvian tax authority [7] - The net loss for Q3 2022 was $19.8 million, compared to a net loss of $91.9 million for the same period in 2021 [7] - Total revenues in Q3 2022 were $195 million, an 11% decrease from $219 million in Q3 2021 [11] - For the first nine months of 2022, total revenues decreased to $578 million from $647 million in the same period of 2021 [11] Business Line Data and Key Metrics Changes - Exploration expenditures increased to $20.7 million in Q3 2022 from $17.1 million in Q3 2021, reflecting a strategic focus on exploration [8] - Total gold attributable production in Q3 2022 was 56,000 ounces, a 2% increase from the same quarter in 2021 [13] - Silver attributable production decreased by 50% to 1.7 million ounces in Q3 2022 compared to Q3 2021 [14] - Zinc production in Q3 2022 was 7,000 metric tons, a decrease from the previous year [15] - Lead production was around 4,000 metric tons in Q3 2022, down 28% from Q3 2021 [16] Market Data and Key Metrics Changes - The all-in sustaining cost from direct operations for the first nine months of 2022 decreased by 12% to $1,424 per ounce of gold [17] - Costs applicable to sales for gold were $1,126 per ounce, 8% lower than the previous year [17] - Costs for silver were $17.65 per ounce, 10% lower than a year ago [17] Company Strategy and Development Direction - The company is focusing on increasing exploration efforts to extend the life of its mines, with promising results from recent campaigns [8] - Capital expenditures for Q3 2022 were $37.2 million, up from $23.9 million in Q3 2021, with a guidance of approximately $65 million for the San Gabriel project by year-end 2022 [9][12] Management's Comments on Operating Environment and Future Outlook - Management noted easing inflation pressures in Peru, particularly in diesel, cyanide, and explosives, with expectations of a 5% to 8% reduction in consumable prices for Q4 2022 [35] - The company is optimistic about the social climate surrounding the San Gabriel project, having established positive relationships with local communities [31] Other Important Information - The cash position of the company reached $288 million as of September 30, 2022, with net debt decreasing to $448.1 million [9] - The company has resumed construction-related activities at the San Gabriel project, with a soft start already in progress [24] Q&A Session Summary Question: Update on San Gabriel construction and social issues - Management confirmed that construction has started, currently at 1% completion, and social issues with local communities have been resolved [24][25] Question: Easing of inflation pressures in Peru - Management reported reductions in prices for diesel (10%), cyanide (5%), and explosives (8-10%), with an overall expectation of 5% to 8% reduction in consumable prices for Q4 2022 [35][36] Question: CapEx guidance for 2022 - The revised total CapEx for 2022 is estimated at $190 million, with $110 million for sustaining CapEx and $65 million for San Gabriel [38]

[FORM 6-K Filing Information](index=1&type=section&id=FORM%206-K%20Filing%20Information) This section details Compañia de Minas Buenaventura S.A.A.'s Form 6-K filing with the SEC for October 2022 [Registrant Details](index=1&type=section&id=Registrant%20Details) This section identifies Compañia de Minas Buenaventura S.A.A. as a foreign issuer filing a Form 6-K report with the SEC for the month of October 2022, indicating it files annual reports under Form 20-F - Registrant: **Compañia de Minas Buenaventura S.A.A.** (Buenaventura Mining Company Inc.)[1](index=1&type=chunk) - Filing Type: **Form 6-K**, for the month of October 2022[1](index=1&type=chunk) - Annual Report Filing: Files under **Form 20-F**[3](index=3&type=chunk) [Third Quarter and Nine-Month 2022 Results Overview](index=2&type=section&id=Third%20Quarter%20and%20Nine-Month%202022%20Results%20Overview) This overview presents Buenaventura's financial and operational performance for 3Q22 and 9M22, highlighting key metrics and project updates [3Q22 Highlights](index=2&type=section&id=3Q22%20Highlights) Buenaventura reported a significant decrease in EBITDA from direct operations and a net loss in 3Q22, despite a substantial improvement in operating cash flow compared to 3Q21 due to a large tax payment in the prior year. The company increased exploration and capital expenditures, aligning with a strategy to extend mine life and advance key projects 3Q22 Key Financial Highlights | Metric | 3Q22 (US$ million) | 3Q21 (US$ million) | Change (%) | | :-------------------------- | :----------------- | :----------------- | :--------- | | EBITDA Direct Operations | 22.2 | 39.5 | -44% | | Operating Cash Flow | 16.1 | -464.3 | N.A. | | Net Loss | -19.8 | -91.9 | -78% | | Exploration (Operating Units) | 20.7 | 17.1 | 21% | | Capital Expenditures | 37.2 | 23.9 | 56% | - Operating Cash Flow improved significantly from **US$ -464.3 million** in 3Q21 to **US$ 16.1 million** in 3Q22, primarily due to a **US$ 544.2 million** tax payment to SUNAT in 3Q21[7](index=7&type=chunk) - Buenaventura's cash position was **US$ 288.0 million** as of September 30, 2022, with Net Debt decreasing to **US$ 448.1 million**[7](index=7&type=chunk) [Financial Highlights](index=2&type=section&id=Financial%20Highlights) Buenaventura experienced a decline in total revenues and operating income for both 3Q22 and 9M22 compared to the prior year periods. While 3Q22 net loss significantly narrowed, 9M22 saw a substantial net income due to non-recurring items, leading to a positive EPS for the nine-month period Financial Highlights (in millions of US$, except EPS) | Metric | 3Q22 | 3Q21 | Var (%) | 9M22 | 9M21 | Var (%) | | :---------------------------- | :---- | :---- | :------ | :---- | :---- | :------ | | Total Revenues | 195.4 | 220.4 | -11% | 578.4 | 647.1 | -11% | | Operating Income | -20.0 | -13.6 | 47% | -52.0 | -16.6 | 213% | | EBITDA Direct Operations | 22.2 | 39.5 | -44% | 396.3 | 144.6 | 174% | | EBITDA Including Affiliates | 78.2 | 171.3 | -54% | 669.8 | 511.9 | 31% | | Net Income | -19.8 | -91.9 | -78% | 535.1 | -39.3 | N.A. | | EPS | -0.08 | -0.36 | -78% | 2.11 | -0.15 | N.A. | [Operating Revenues Analysis](index=3&type=section&id=Operating%20Revenues%20Analysis) Net sales decreased by 10% year-on-year in 3Q22, primarily driven by lower prices and reduced sales volumes of lead, zinc, and silver. While gold and copper volumes sold increased, their average prices declined, contributing to the overall revenue reduction - 3Q22 net sales were **US$ 195.4 million**, a **10% decrease** from US$ 216.9 million in 3Q21, mainly due to lower prices and volumes of lead, zinc, and silver[9](index=9&type=chunk) Average Metal Prices (US$/oz or US$/MT) | Metal | 3Q22 Price | 3Q21 Price | Change (%) | | :----- | :--------- | :--------- | :--------- | | Gold | 1,678 | 1,764 | -5% | | Silver | 17.33 | 23.94 | -28% | | Lead | 1,713 | 2,412 | -29% | | Zinc | 3,412 | 3,048 | 12% | | Copper | 7,261 | 9,488 | -23% | Volume Sold (Oz or MT) | Metal | 3Q22 Volume | 3Q21 Volume | Change (%) | | :----- | :---------- | :---------- | :--------- | | Gold | 45,807 | 40,633 | 13% | | Silver | 1,954,000 | 3,426,079 | -43% | | Lead | 4,129 | 5,918 | -30% | | Zinc | 8,061 | 11,114 | -27% | | Copper | 11,449 | 8,691 | 32% | [Production and Operating Costs Overview](index=3&type=section&id=Production%20and%20Operating%20Costs%20Overview) Buenaventura's 3Q22 equity gold and copper production increased, while silver, lead, and zinc production saw significant year-on-year decreases, primarily due to the suspension of Uchucchacua operations and a revised mine plan at El Brocal. Consolidated production figures reflect similar trends - Equity gold production increased by **2% YoY** to **55,837 ounces**, and equity copper production increased by **13% YoY** to **28,909 MT**[11](index=11&type=chunk)[12](index=12&type=chunk) - Silver production decreased by **50% YoY**, lead by **33% YoY**, and zinc by **36% YoY**, mainly due to Uchucchacua's suspension and a mine plan change at El Brocal[11](index=11&type=chunk) Consolidated Production (3Q22 vs 3Q21) | Metal | 3Q22 Production | 3Q21 Production | Change (%) | | :----- | :-------------- | :-------------- | :--------- | | Gold | 49,789 Oz | 44,796 Oz | 11% | | Silver | 1,906,679 Oz | 3,898,613 Oz | -51% | | Lead | 4,340 MT | 6,676 MT | -35% | | Zinc | 9,129 MT | 14,254 MT | -36% | | Copper | 12,108 MT | 9,146 MT | 32% | [Tambomayo Operations](index=4&type=section&id=Tambomayo%20Operations) Tambomayo experienced a 23% decrease in gold production in 3Q22 due to mining lower-grade gold areas, which also led to a 1% increase in Cost Applicable to Sales (CAS) for gold. However, silver, zinc, and lead production increased Tambomayo Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :-------- | :-------- | :--------- | | Gold (Oz) | 13,755 | 17,837 | -23% | | Silver (Oz) | 546,256 | 509,836 | 7% | | Zinc (MT) | 3,446 | 3,397 | 1% | | Lead (MT) | 2,639 | 1,978 | 33% | | Gold CAS (US$/Oz) | 982 | 973 | 1% | - The decrease in gold production was primarily due to production from lower gold grade areas, partially offset by higher lead and zinc grades, aligning with the planned mining sequence[13](index=13&type=chunk) [Orcopampa Operations](index=5&type=section&id=Orcopampa%20Operations) Orcopampa significantly increased gold production by 30% in 3Q22, driven by stable production from the Pucara vein. This higher production, coupled with higher gold grades and lower cash costs, resulted in a 30% decrease in gold Cost Applicable to Sales (CAS) Orcopampa Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :----- | :----- | :--------- | | Gold (Oz) | 20,164 | 15,547 | 30% | | Silver (Oz) | 8,247 | 4,716 | 75% | | Gold CAS (US$/Oz) | 803 | 1,147 | -30% | - Increased gold production was primarily due to stable production from the asset's Pucara vein[15](index=15&type=chunk) - The decrease in Gold CAS was mainly due to higher gold grade and lower cash cost[15](index=15&type=chunk) [La Zanja Operations](index=5&type=section&id=La%20Zanja%20Operations) La Zanja saw a 47% increase in gold production in 3Q22 due to improved access to the ore body after completing pre-stripping activities. However, Cost Applicable to Sales (CAS) for gold increased by 7% due to lower-than-expected gold extraction from the leach pad and raw material cost inflation, leading to a revised mine plan to conclude mining operations by October 2022 La Zanja Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :----- | :----- | :--------- | | Gold (Oz) | 8,786 | 5,967 | 47% | | Silver (Oz) | 31,665 | 24,011 | 32% | | Gold CAS (US$/Oz) | 1,892 | 1,763 | 7% | - Gold production increased due to the conclusion of Pampa Verde pit (Phase 4) pre-stripping, enabling full access to the ore body[16](index=16&type=chunk) - Mine plan updated to reflect OpEx increase from raw materials cost inflation; mining operations to extend only through October 2022, followed by limited pad leaching and exploration for an underground Cu/Au-sulfide project[17](index=17&type=chunk) [Coimolache Operations](index=5&type=section&id=Coimolache%20Operations) Coimolache experienced a 26% decrease in gold production and a 52% decrease in silver production in 3Q22, primarily due to lower grades mined and leach pad constraints. Gold Cost Applicable to Sales (CAS) significantly increased by 76%, partly due to a one-time land purchase transaction Coimolache Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :----- | :------ | :--------- | | Gold (Oz) | 21,899 | 29,597 | -26% | | Silver (Oz) | 76,133 | 159,072 | -52% | | Gold CAS (US$/Oz) | 1,710 | 973 | 76% | - Production decrease was primarily due to lower grades mined and decreased tonnage for leaching due to permit-related leach pad constraints[19](index=19&type=chunk) - The increase in Gold CAS included a one-time land purchase transaction of **US$ 234/Oz**[19](index=19&type=chunk) [Uchucchacua Operations](index=6&type=section&id=Uchucchacua%20Operations) Uchucchacua mine remained under suspension in 3Q22, with no production reported. Exploration and mine development are ongoing, and the target to resume production in 2H23 remains unchanged - No silver, zinc, or lead production reported for 3Q22, as operations were suspended[20](index=20&type=chunk)[21](index=21&type=chunk) - Exploration and mine development continue as planned, with a target to resume production in **2H23**[22](index=22&type=chunk) [Julcani Operations](index=6&type=section&id=Julcani%20Operations) Julcani increased silver production by 5% in 3Q22 due to higher silver grades. This, combined with lower cash costs, led to an 18% year-on-year decrease in silver Cost Applicable to Sales (CAS) Julcani Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :------ | :------ | :--------- | | Silver (Oz) | 692,876 | 657,494 | 5% | | Silver CAS (US$/Oz) | 13.80 | 16.79 | -18% | - Silver production increased primarily due to a higher silver grade[24](index=24&type=chunk) - Silver CAS decreased due to a combination of higher grade and lower cash cost[24](index=24&type=chunk) [El Brocal Operations](index=6&type=section&id=El%20Brocal%20Operations) El Brocal's copper production increased by 32% in 3Q22 due to higher throughput and grades from the Marcapunta underground mine. Conversely, zinc and silver production decreased significantly as part of a planned transition to copper ore and a revised mine plan following a landslide. Copper Cost Applicable to Sales (CAS) slightly decreased, while zinc CAS increased due to a higher stripping ratio El Brocal Production & CAS (3Q22 vs 3Q21) | Metric | 3Q22 | 3Q21 | Change (%) | | :---------- | :---------- | :---------- | :--------- | | Copper (MT) | 12,108 | 9,146 | 32% | | Zinc (MT) | 5,683 | 8,930 | -36% | | Silver (Oz) | 627,635 | 1,482,163 | -58% | | Copper CAS (US$/MT) | 6,690 | 6,819 | -2% | | Zinc CAS (US$/MT) | 2,698 | 1,814 | 49% | - Copper production increased due to increased throughput and Cu grades from the Marcapunta underground mine[26](index=26&type=chunk) - Zinc and silver production decreased due to a planned transition from polymetallic to copper ore and a revised mine plan following a landslide in March 2022[26](index=26&type=chunk) [General and Administrative Expenses](index=7&type=section&id=General%20and%20Administrative%20Expenses) General and Administrative expenses for 3Q22 saw a slight decrease of 2% compared to 3Q21 General and Administrative Expenses (US$ million) | Period | 3Q22 | 3Q21 | Change (%) | | :----- | :--- | :--- | :--------- | | G&A | 15.4 | 15.6 | -2% | [Exploration Activities](index=7&type=section&id=Exploration%20Activities) Exploration costs in non-operating areas increased in 3Q22, consistent with Buenaventura's strategic focus on extending its mine life (LOM) Exploration Costs in Non-Operating Areas (US$ million) | Period | 3Q22 | 3Q21 | Change (%) | | :----- | :--- | :--- | :--------- | | Costs | 4.2 | 3.5 | 20% | - Increased exploration costs are in line with the Company's strategy to focus on extending LOM[29](index=29&type=chunk) [Share in Associated Companies](index=7&type=section&id=Share%20in%20Associated%20Companies) Buenaventura's share in associated companies significantly decreased in 3Q22, primarily due to a 64% reduction in its share from Cerro Verde and a 127% decrease from Coimolache Share in the Result of Associates (in millions of US$) | Associate | 3Q22 | 3Q21 | Change (%) | | :--------- | :--- | :--- | :--------- | | Cerro Verde | 20.7 | 57.4 | -64% | | Coimolache | -0.2 | 0.8 | -127% | | Total | 20.4 | 58.2 | -65% | [Project Updates](index=6&type=section&id=Project%20Updates) Buenaventura provided updates on its key development projects, San Gabriel and Yumpag. Construction activities at San Gabriel are gradually resuming with updated CAPEX guidance, while Yumpag project construction and permitting are on schedule for a 1H24 production target - San Gabriel Project: Construction activities are gradually resuming. CAPEX guidance for San Gabriel is updated to approximately **US$ 65.0 million** by year-end 2022[7](index=7&type=chunk)[31](index=31&type=chunk) - San Gabriel Project: Engineering and procurement work offsite activities progressed significantly (**45% and 67% respectively**), reducing project uncertainty[32](index=32&type=chunk) - Yumpag Project: Construction and permitting continue according to schedule, with a target to begin production in **1H24**[23](index=23&type=chunk) [Associated Company Performance](index=8&type=section&id=Associated%20Company%20Performance) Buenaventura's associated companies, Cerro Verde and Coimolache, reported mixed financial results in 3Q22. Cerro Verde saw increased copper production but a significant drop in net income due to higher costs and lower copper prices. Coimolache reported an increased net loss [Cerro Verde (19.58% owned)](index=8&type=section&id=Cerro%20Verde%20(19.58%25%20owned)) Cerro Verde's 3Q22 copper production increased by 7%, with Buenaventura's attributable share also rising. However, net income decreased significantly by 64% due to inflationary cost increases and lower average realized copper prices - 3Q22 copper production was **109,655 MT** (**7% increase YoY**), with **21,471 MT** attributable to Buenaventura[34](index=34&type=chunk) Cerro Verde Net Income (US$ million) | Period | 3Q22 | 3Q21 | Change (%) | | :----- | :---- | :---- | :--------- | | Income | 105.5 | 293.3 | -64% | - Net income decrease was primarily due to increased costs from inflationary material/supply prices and decreased sales from lower average realized copper prices[35](index=35&type=chunk) [Coimolache (40.10% owned)](index=8&type=section&id=Coimolache%20(40.10%25%20owned)) Coimolache reported a net loss of US$ 1.0 million in 3Q22, an increase from the US$ 0.4 million net loss in 3Q21 Coimolache Net Loss (US$ million) | Period | 3Q22 | 3Q21 | | :----- | :--- | :--- | | Net Loss | 1.0 | 0.4 | [Company Profile and Disclaimers](index=8&type=section&id=Company%20Profile%20and%20Disclaimers) This section provides an overview of Buenaventura's business, operations, and a disclaimer regarding forward-looking statements [Company Description](index=8&type=section&id=Company%20Description) Compañía de Minas Buenaventura S.A.A. is Peru's largest publicly traded precious metals mining company, involved in the mining, processing, development, and exploration of gold, silver, and other metals through wholly-owned mines and joint ventures. It also holds a significant stake in Sociedad Minera Cerro Verde, a major copper producer - Buenaventura is Peru's largest publicly-traded precious metals mining company and a major holder of mining rights[38](index=38&type=chunk) - The company operates several mines in Peru, including Tambomayo, Orcopampa, Uchucchacua, Julcani, La Zanja, El Brocal, and Coimolache[39](index=39&type=chunk) - Buenaventura owns **19.58%** of Sociedad Minera Cerro Verde, a significant Peruvian copper producer[40](index=40&type=chunk) [Note on Forward-Looking Statements](index=8&type=section&id=Note%20on%20Forward-Looking%20Statements) This section serves as a disclaimer, indicating that the press release contains forward-looking statements regarding the company's future performance, liquidity, cost management, and project achievements. It highlights that actual results may differ materially due to various risks and uncertainties, including market prices, exploration success, and political/economic developments - The press release contains forward-looking statements regarding the Company's business management, liquidity, impact of COVID-19, financial performance, growth, and future dividends/share repurchases[41](index=41&type=chunk) - Forward-looking information involves risks and uncertainties, including those concerning costs, exploration results, market prices of metals, success of joint ventures, and Peruvian political/economic developments[41](index=41&type=chunk) [Appendices and Financial Statements](index=9&type=section&id=Appendices%20and%20Financial%20Statements) This section includes detailed appendices on equity participation, production results, and reconciliations for EBITDA, CAS, and AISC, along with interim consolidated financial statements [Equity Participation Subsidiaries and Associates (Appendix 1)](index=9&type=section&id=Equity%20Participation%20Subsidiaries%20and%20Associates%20(Appendix%201)) Appendix 1 details Buenaventura's equity participation in its subsidiaries and associates as of September 30, 2022, outlining ownership percentages and the corresponding operating mines or businesses Equity Participation Subsidiaries and Associates (as of September 30, 2022) | Company Name | BVN Equity % | Operating Mines / Business | | :---------------------------- | :----------- | :------------------------- | | El Molle Verde S.A.C* | 100.00 | Trapiche Project | | Minera La Zanja S.A* | 100.00 | La Zanja | | Sociedad Minera El Brocal S.A.A* | 61.43 | Colquijirca and Marcapunta | | Compañía Minera Coimolache S.A. ** | 40.10 | Tantahuatay | | Sociedad Minera Cerro Verde S.A.A ** | 19.58 | Cerro Verde | | Processadora Industrial Rio Seco S.A* | 100.00 | Rio Seco chemical plant | | Energético de Huancavelica S.A* | 100.00 | | [Detailed Production Operating Results (Appendix 2)](index=10&type=section&id=Detailed%20Production%20Operating%20Results%20(Appendix%202)) Appendix 2 provides comprehensive operating results for gold, silver, zinc, and copper production across Buenaventura's various mining units for 3Q22 and 9M22, including ore milled, ore grade, recovery rates, and ounces/MT produced Gold Production Operating Results (3Q22 vs 3Q21) | Mining Unit | Metric | Unit | 3Q22 | 3Q21 | △ % | | :---------- | :--------------- | :----- | :------- | :------- | :------ | | Tambomayo | Ounces Produced | Oz | 13,755 | 17,837 | -23% | | Orcopampa | Ounces Produced | Oz | 20,164 | 15,547 | 30% | | La Zanja | Ounces Produced | Oz | 8,786 | 5,967 | 47% | | Coimolache | Ounces Produced | Oz | 21,899 | 29,597 | -26% | Silver Production Operating Results (3Q22 vs 3Q21) | Mining Unit | Metric | Unit | 3Q22 | 3Q21 | △ % | | :------------ | :-------------- | :--- | :---------- | :---------- | :---- | | Tambomayo | Ounces Produced | Oz | 546,256 | 509,836 | 7% | | Uchucchacua | Ounces Produced | Oz | 0 | 1,220,393 | N.A. | | Julcani | Ounces Produced | Oz | 692,876 | 657,494 | 5% | | Marcapunta | Ounces Produced | Oz | 442,811 | 411,542 | 8% | Zinc Production Operating Results (3Q22 vs 3Q21) | Mining Unit | Metric | Unit | 3Q22 | 3Q21 | △ % | | :---------- | :-------------- | :--- | :---- | :---- | :---- | | Tambomayo | MT Produced | MT | 3,446 | 3,397 | 1% | | Uchucchacua | MT Produced | MT | 0 | 1,928 | N.A. | | Tajo Norte | MT Produced | MT | 5,683 | 8,930 | -36% | [Adjusted EBITDA Reconciliation (Appendix 3)](index=12&type=section&id=Adjusted%20EBITDA%20Reconciliation%20(Appendix%203)) Appendix 3 provides a reconciliation of Net Income to EBITDA for Buenaventura's direct operations and including associated companies. It clarifies that EBITDA is a non-GAAP measure and should not be considered an alternative to IFRS operating or net income EBITDA Reconciliation (in thousand US$) | Metric | 3Q22 | 3Q21 | 9M22 | 9M21 | | :---------------------------------------- | :------- | :------- | :------- | :------- | | Net Income | -22,487 | -94,428 | 534,221 | -40,544 | | Depreciation and Amortization in cost of sales | 41,477 | 44,305 | 131,531 | 140,110 | | Share in associated companies by the equity method, net | -20,442 | -58,186 | -118,149 | -82,441 | | EBITDA Buenaventura Direct Operations | 22,246 | 39,471 | 396,271 | 144,639 | | EBITDA Cerro Verde (19.58%) | 52,321 | 120,926 | 261,100 | 331,501 | | EBITDA Coimolache (40.095%) | 3,672 | 10,928 | 12,397 | 35,733 | | EBITDA Buenaventura + All Associates | 78,240 | 171,325 | 669,768 | 511,873 | - EBITDA (Buenaventura Direct Operations) and EBITDA (including associated companies) are non-GAAP measures provided for additional information on operating performance[48](index=48&type=chunk) [Cost Applicable to Sales Reconciliation (Appendix 4)](index=13&type=section&id=Cost%20Applicable%20to%20Sales%20Reconciliation%20(Appendix%204)) Appendix 4 provides a detailed reconciliation of Cost of Sales (excluding depreciation and amortization) to Cost Applicable to Sales (CAS) for each mine and mineral. It defines CAS as a key non-GAAP measure for evaluating operating performance, noting it is not comparable to previously disclosed cash operating costs - Cost applicable to sales (CAS) consists of cost of sales (excluding depreciation and amortization), plus selling expenses[49](index=49&type=chunk) - CAS and CAS per unit sold are non-GAAP measures considered key for managing and evaluating operating performance in the precious metals industry[50](index=50&type=chunk) Consolidated Cost Applicable to Sales (in thousands of US$) | Metric | 3 Months Ended Sep 30, 2022 | 3 Months Ended Sep 30, 2021 | | :-------------------------------------------- | :-------------------------- | :-------------------------- | | Consolidated Cost of sales excluding D&A | 118,419 | 138,702 | | Add: Consolidated Exploration in units in operation | 20,708 | 17,058 | | Consolidated Commercial deductions | 42,039 | 47,865 | | Consolidated Selling expenses | 5,854 | 4,935 | | **Consolidated Cost applicable to sales** | **187,020** | **208,561** | [All-in Sustaining Cost (AISC) Reconciliation (Appendix 5)](index=21&type=section&id=All-in%20Sustaining%20Cost%20(AISC)%20Reconciliation%20(Appendix%205)) Appendix 5 provides a reconciliation of All-in Sustaining Cost (AISC) for 3Q22, 3Q21, 9M22, and 9M21. AISC is presented as a non-consolidated and attributable figure, excluding depreciation, amortization, and exploration in non-operating areas, to offer a comprehensive view of the costs associated with sustaining current mining operations - AISC does not include Depreciation and Amortization, Stoppage of mining units, or Exploration in non-operating areas[64](index=64&type=chunk)[67](index=67&type=chunk)[69](index=69&type=chunk)[71](index=71&type=chunk) All-in Sustaining Cost (AISC) for 3Q22 (Attributable) | Metric | Attributable US$ 000' | 3Q22 US$/Oz Au | | :-------------------------- | :-------------------- | :------------- | | Au Ounces Sold | 49,170 | | | Cost of Sales | 61,490 | 1,251 | | Exploration in Operating Units | 16,631 | 338 | | Royalties | 2,789 | 57 | | Commercial Deductions | 7,598 | 155 | | Selling Expenses | 3,039 | 62 | | Administrative Expenses | 10,234 | 208 | | Other, net | -492 | -10 | | Sustaining Capex | 4,605 | 94 | | By-product Credit | -37,767 | -768 | | **All-in Sustaining Cost** | **68,127** | **1,386** | All-in Sustaining Cost (AISC) for 9M22 (Attributable) | Metric | Attributable US$ 000' | 9M22 US$/Oz Au | | :-------------------------- | :-------------------- | :------------- | | Au Ounces Sold | 138,053 | | | Cost of Sales | 192,580 | 1,395 | | Exploration in Operating Units | 42,801 | 310 | | Royalties | 8,455 | 61 | | Commercial Deductions | 24,540 | 178 | | Selling Expenses | 8,270 | 60 | | Administrative Expenses | 34,509 | 250 | | Other, net | 1,287 | 9 | | Sustaining Capex | 11,522 | 83 | | By-product Credit | -127,329 | -922 | | **All-in Sustaining Cost** | **196,635** | **1,424** | [Interim Condensed Consolidated Financial Statements](index=25&type=section&id=Interim%20Condensed%20Consolidated%20Financial%20Statements) This section presents the interim condensed consolidated financial statements for Buenaventura, including the statements of financial position, profit or loss, and cash flows for the three and nine-month periods ended September 30, 2022 and 2021, prepared in accordance with IFRS [Statements of Financial Position (Balance Sheet)](index=25&type=section&id=Statements%20of%20Financial%20Position%20(Balance%20Sheet)) The balance sheet shows a decrease in total assets and current liabilities from December 31, 2021, to September 30, 2022. Cash and cash equivalents decreased, while investments in associates and joint ventures increased. Total equity attributable to owners of the parent significantly increased Key Financial Position Data (US$ 000) | Metric | Sep 30, 2022 | Dec 31, 2021 | | :-------------------------- | :----------- | :----------- | | Cash and cash equivalents | 287,966 | 376,999 | | Total current assets | 590,824 | 739,545 | | Investments in associates and joint venture | 1,512,790 | 1,422,295 | | Total assets | 4,429,918 | 4,561,811 | | Total current liabilities | 327,412 | 580,099 | | Total liabilities | 1,310,767 | 2,023,280 | | Equity attributable to owners of the parent | 2,961,631 | 2,368,326 | | Total equity | 3,119,151 | 2,538,531 | [Statements of Profit or Loss (Income Statement)](index=26&type=section&id=Statements%20of%20Profit%20or%20Loss%20(Income%20Statement)) The income statement shows a decrease in total operating income and gross profit for both 3Q22 and 9M22. The company reported a net loss in 3Q22 but a significant net profit for 9M22, largely driven by profit from discontinued operations Key Profit or Loss Data (US$ 000) | Metric | 3Q22 | 3Q21 | 9M22 | 9M21 | | :-------------------------- | :-------- | :-------- | :-------- | :-------- | | Total operating income | 195,416 | 220,361 | 578,440 | 647,105 | | Total cost of sales | (189,073) | (203,947) | (550,960) | (582,320) | | Gross profit | 6,343 | 16,414 | 27,480 | 64,785 | | Operating loss | (20,022) | (13,587) | (52,006) | (16,629) | | Share in results of associates and joint venture | 20,442 | 58,186 | 118,149 | 166,449 | | Profit (loss) from continuing operations | (22,549) | (5,276) | 54,352 | 45,848 | | Profit (loss) from discontinued operations | 62 | (89,152) | 479,869 | (86,392) | | Net profit (loss) | (22,487) | (94,428) | 534,221 | (40,544) | | Basic and diluted profit (loss) per share (US$) | (0.08) | (0.36) | 2.11 | (0.15) | [Statements of Cash Flows](index=27&type=section&id=Statements%20of%20Cash%20Flows) The cash flow statement shows a positive net cash flow from operating activities in 3Q22, a significant improvement from a negative flow in 3Q21 due to a large tax payment in the prior year. Investing activities resulted in a net cash outflow in 3Q22, while financing activities also showed a net outflow, contrasting with a large inflow in 3Q21 from bond and bank loan proceeds Key Cash Flow Data (US$ 000) | Metric | 3Q22 | 3Q21 | 9M22 | 9M21 | | :-------------------------------------- | :-------- | :-------- | :-------- | :-------- | | Net cash flows from (used in) operating activities | 16,134 | (464,304) | 40,853 | (338,408) | | Net cash flows from (used in) investing activities | (34,770) | (23,747) | 262,787 | (54,371) | | Net cash flows from (used in) financing activities | (19,714) | 520,689 | (392,673) | 445,200 | | Increase (decrease) in cash and cash equivalents | (38,350) | 32,638 | (89,033) | 52,421 | | Cash and cash equivalents at period-end | 287,966 | 287,870 | 287,966 | 287,870 | - Operating cash flow in 3Q21 included a **US$ 544.2 million** payment for tax litigation[75](index=75&type=chunk) - 9M22 investing activities benefited from a **US$ 300 million** gain from the sale of investment in Yanacocha and **US$ 45 million** from the purchase of shares in La Zanja[75](index=75&type=chunk) [Reconciliation of Net Profit to Operating Cash Flows](index=28&type=section&id=Reconciliation%20of%20Net%20Profit%20to%20Operating%20Cash%20Flows) This reconciliation details the adjustments made to net profit (loss) to arrive at net cash flows from operating activities, highlighting significant non-cash items and changes in working capital. Key adjustments include share in associates, depreciation, deferred income tax, and changes in receivables and payables Reconciliation of Net Profit to Operating Cash Flows (US$ 000) | Metric | 3Q22 | 3Q21 | 9M22 | 9M21 | | :-------------------------------------- | :-------- | :-------- | :-------- | :-------- | | Net profit (loss) | (22,487) | (94,428) | 534,221 | (40,544) | | Share in the results of associates and joint venture | (20,442) | (58,186) | (118,149) | (166,449) | | Depreciation and amortization in Cost of sales | 41,477 | 44,305 | 131,531 | 140,110 | | Decrease (increase) in Trade and other accounts receivable | 27,756 | 47,107 | 82,952 | 47,827 | | Increase (decrease) in Trade and other accounts payable | (15,482) | (1,057) | (83,643) | (8,624) | | Net cash and cash equivalents provided by operating activities | 16,134 | (464,304) | 40,853 | (338,408) | [Signature](index=29&type=section&id=Signature) This section formally concludes the Form 6-K report with the required signature and date [Report Signature](index=29&type=section&id=Report%20Signature) The Form 6-K report was duly signed on October 27, 2022, by Daniel Dominguez, Chief Financial Officer of Compañía de Minas Buenaventura S.A.A., as authorized by the Securities Exchange Act of 1934 - Signed by Daniel Dominguez, Chief Financial Officer, on **October 27, 2022**[78](index=78&type=chunk)

CompañÃa de Minas Buenaventura S.A.A. (NYSE:BVN) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET Company Participants Gabriel Salas - IR Leandro Garcia - CEO Daniel Dominguez - CFO Juan Carlos Ortiz - VP, Operations Renzo Macher - Project Manager Juan Carlos Salazar - Geology & Exploration Manager Roque Benavides - Chairman Raul Benavides - Director Conference Call Participants Jens Spiess - Morgan Stanley Tanya Jakusconek - Scotiabank Operator Good day, ladies and gentlemen, and welcome to the C ...

BUENAVENTURA SecondQuarter 2022 Results Conference Call NYSE Cautionary Statement: BVN This presentation contains certain information that may constitute forward-looking information under applicable U.S. securities legislation, including but not limited to information about costs applicable to sales, general and administrative expenses; production volumes; current expectations on the timing, extent and success of exploration; development and metallurgical sampling activities, the timing and success of minin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Financial Data and Key Metrics Changes - First quarter 2022 EBITDA from direct operations reached $431.9 million, a significant increase from $39.7 million in the first quarter of 2021, largely due to a $300 million gain from the sale of Buenaventura's stake in Yanacocha [8] - First quarter 2022 net income was $636.2 million, compared to $16.4 million for the same period in 2021 [9] - Cash position as of March 31, 2022, was $337.4 million, with net debt reduced to $771 million, achieving a net debt to EBITDA ratio of 1.71 times [11] Business Line Data and Key Metrics Changes - Exploration expenditures increased to $14 million in Q1 2022 from $9.3 million in Q1 2021, aligning with the company's focus on exploration [10] - Capital expenditures in Q1 2022 were $19.9 million, up from $13 million in the same period last year [10] Market Data and Key Metrics Changes - Total revenues for the first quarter were $233 million, a 27% increase compared to Q1 2021 [17] - Total gold attributable production in Q1 2022 was 49,000 ounces, a 31% increase year-over-year, while silver production decreased by 42% to 2 million ounces due to the suspension of operations at Uchucchacua [19] Company Strategy and Development Direction - The company is committed to deleveraging, having fully paid a $275 million syndicate loan and canceled $50 million of its revolving facility [12] - The San Gabriel Mine Project received government approval for all required permits, allowing immediate commencement of construction [13] Management's Comments on Operating Environment and Future Outlook - Management indicated that the 2022 production guidance will be updated in Q2 2022 due to a new mine plan for El Brocal, expecting a decrease in silver production of 1 million to 1.5 million ounces for the full year [13] - Management emphasized the importance of health and safety for workers and the commitment to social responsibility, achieving 92% fulfillment of social commitments [15] Other Important Information - COVID-related expenses in Q1 2022 were $5.3 million, down from $11.7 million in Q1 2021, with estimates for 2022 between $12 million and $14 million [11] - The company is focusing on ESG initiatives, including responsible water management and renewable energy usage [15] Q&A Session Summary Question: Can you provide more details on El Brocal and the revised mining plan? - The revised mining plan was necessitated by a landslide in March, which will delay production by approximately 1.1 million to 1.5 million ounces of silver into 2023, with additional costs estimated at $3 million to $4 million for remediation [26][28][30] Question: Why was there no adjustment to the copper and base metal guidance? - The guidance for copper remains unchanged as the underground mine, which accounts for 95% of copper production, was not impacted by the landslide [36][37] Question: What are the critical milestones for the San Gabriel project? - The first milestone is to reach the foundation level of the plant by the end of 2022, with commercial production expected in the second half of 2025 [48][49] Question: Any updates on dividends from Cerro Verde? - The company expects to receive close to $30 million in dividends related to 2021 results, with additional dividends anticipated in the second half of the year [50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15b-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2022 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) Republic of Peru (Jurisdiction of incorporation or organization) CARLOS VILLARAN 790 SANTA CATALIN ...

BUENAVENTURA FourthQuarter 2021 Results Conference Call NYSE Cautionary Statement: BVN | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Q4 2021 Earnings Conference Call February 25, 2022 9:00 AM ET Company Participants Gabriel Salas - Investor Relations Leandro Garcia - Chief Executive Officer Juan Carlos Salazar - Geology & Explorations Manager Daniel Dominguez Vera - Vice President of Finance & Administration & Chief Financial Officer Aldo Masa - Vice President of Business Development & Commercial Juan Carlos - Vice President of Operations Renzo Macher - Project Manager Conference Call Part ...

CompañÃa de Minas Buenaventura S.A.A. (NYSE:BVN) Q3 2021 Earnings Conference Call October 29, 2021 10:00 AM ET Company Participants Gabriel Salas - IR Leandro Garcia - CEO Juan Carlos Ortiz - VP of Operations Daniel Dominguez - CFO Conference Call Participants Tanya Jakusconek - Scotiabank Operator Good morning, ladies and gentlemen. Welcome to the CompañÃa de Minas Buenaventura Third Quarter 2021 Earnings Call. At this time, all participants will be in a listen-only mode. And please note that this call is ...