Buenaventura Announces Third Quarter 2025 Results for Production and Volume Sold per Metal

Core Insights - Buenaventura reported its third quarter 2025 production and sales results, highlighting significant production volumes across various metals, including gold, silver, lead, zinc, and copper [1][2][4]. Production Summary - Gold Production: Total gold ounces produced in 3Q25 reached 30,894, with a nine-month total of 86,155. The updated guidance for 2025 is between 112,000 and 128,000 ounces [2][3]. - Silver Production: Total silver ounces produced in 3Q25 was 4,278,658, with a nine-month total of 11,520,791. The updated guidance for 2025 is between 14.2 million and 15.5 million ounces [2][3]. - Lead Production: Lead production for 3Q25 was 4,874 metric tons, with a nine-month total of 13,121 metric tons. The guidance for 2025 is between 17,200 and 19,800 metric tons [3]. - Zinc Production: Zinc production reached 6,989 metric tons in 3Q25, with a nine-month total of 20,538 metric tons. The guidance for 2025 is between 25,700 and 29,300 metric tons [3]. - Copper Production: Copper production totaled 12,770 metric tons in 3Q25, with a nine-month total of 38,162 metric tons. The guidance for 2025 is between 53,000 and 55,000 metric tons [3]. Sales Summary - Gold Sales: Total gold ounces sold in 3Q25 were 32,438, with a nine-month total of 90,752 [4][6]. - Silver Sales: Total silver ounces sold in 3Q25 reached 4,121,632, with a nine-month total of 11,110,268 [4][6]. - Lead Sales: Lead sales for 3Q25 were 4,586 metric tons, with a nine-month total of 12,341 metric tons [6]. - Zinc Sales: Zinc sales totaled 5,973 metric tons in 3Q25, with a nine-month total of 17,266 metric tons [6]. - Copper Sales: Copper sales reached 14,223 metric tons in 3Q25, with a nine-month total of 42,481 metric tons [6]. Average Realized Prices - Gold: Average realized price for gold in 3Q25 was $3,594 per ounce, compared to $3,287 in the previous year [10]. - Silver: Average realized price for silver was $40.81 per ounce, up from $36.08 [10]. - Lead: Average realized price for lead was $1,903 per metric ton, slightly up from $1,892 [10]. - Zinc: Average realized price for zinc was $2,811 per metric ton, compared to $2,710 [10]. - Copper: Average realized price for copper was $9,989 per metric ton, up from $9,632 [10]. Operational Commentary - The company noted that gold and silver production exceeded expectations in 3Q25 due to the successful initiation of full capacity mine and leach pad production [15]. - The 2025 production guidance for gold and silver has been revised, with adjustments made to reflect higher ore processing volumes [15]. - The company is transitioning to mining zones richer in gold and copper, which is expected to offset decreased production from historically lower-yield zones [15].