Buenaventura (BVN) Announces Second Quarter 2025 Results

Financial Performance - Compañía de Minas Buenaventura S.A.A. reported strong second-quarter 2025 results, with EBITDA from direct operations increasing to $130.1 million from $107.2 million in Q2 2024 [1] - Net income rose to $98.2 million from $74.4 million year-over-year [1] - For the first half of 2025, EBITDA was $256.4 million and net income was $245.2 million, both significantly higher than the same period in the previous year [1] Debt and Cash Position - The company reported a leverage ratio of 0.56x and net debt of $271.7 million [1] - Cash reserves stood at $588.5 million [1] - Buenaventura repaid $149 million in 2026 notes on July 23, 2025 [1] Operational Highlights - El Brocal's restart led to a 28% year-over-year increase in copper production [3] - However, silver output declined by 11% and gold production dropped by 19% due to reduced production at Orcopampa and Tambomayo [3] - Lead output increased by 2%, while zinc production surged by 22% [3] Investment and Sales Initiatives - Buenaventura invested $82.2 million in mining and plant development for the San Gabriel project [3] - The company began selling Cerro Verde's copper concentrate, with 20,000 WMT sold in Q2 2025 out of an anticipated 40,000 WMT for the year [3] Market Position - Compañía de Minas Buenaventura S.A.A. is ranked ninth among the Best Silver Mining Stocks according to hedge funds [1][3]