Buenaventura Reports Q2 Production Results & Updated Mine Outlook

Core Insights - Buenaventura Mining (BVN) reported its second-quarter 2025 production and sales figures from its operating mines, highlighting mixed performance across different sites [1] Group 1: Mine Performances - Gold production at the Orcopampa mine decreased by 30.2% year-over-year to 12,270 ounces, with sales of 12,158 ounces; the company expects 2025 production to be between 48,000 and 52,000 ounces [3][11] - El Brocal mine produced 5,581 ounces of gold, a 40.2% increase year-over-year, and silver production rose by 25% to 390,486 ounces; copper production was 13,079 MT, down 1% year-over-year [4][11] - Tambomayo's gold production fell 66.6% to 2,985 ounces, and silver production dropped 49.7% to 191,181 ounces due to processing delays; the company maintained 2025 production expectations for gold at 12,000-15,500 ounces and silver at 1.2-1.5 million ounces [6][7][11] - Coimolache mine saw a significant increase in gold production, rising 77.9% to 13,149 ounces, with sales of 13,440 ounces; production guidance for 2025 remains at 50,000-55,000 ounces [8][11] - Julcani mine's silver production decreased by 32.3% year-over-year to 299,697 ounces, with sales of 282,420 ounces; the expected silver production for 2025 is between 1.5 and 1.8 million ounces [9] Group 2: Sales and Guidance - In Q2 2025, Buenaventura sold 3,244 ounces of gold, 309,222 ounces of silver, and 12,439 MT of copper from the El Brocal mine; the company expects gold production from El Brocal to be between 18,000 and 20,000 ounces and silver production at 1.4-1.6 million ounces for 2025 [5] - The company maintained its overall production guidance for 2025, with expectations for gold production across its mines to remain stable despite the mixed results in Q2 [11] Group 3: Stock Performance - Buenaventura's stock has gained 5% over the past year, compared to the industry's growth of 10.7% [10]