BVN Announces First Dore Bar Output at San Gabriel, Hits 52-Week High

Core Insights - Buenaventura Mining (BVN) has successfully produced its first dore bar at the San Gabriel operation, leading to a peak stock price of $30.07 before closing at $29.55, marking a significant increase since the announcement on December 23 [1][7]. Group 1: San Gabriel Operation - The San Gabriel operation, located in Moquegua, is intended to replace production from depleting mines, with full production and commercialization arrangements being finalized with the Ministry of Energy and Mines [2][7]. - The flagship mine is projected to achieve a processing rate of 2,000 tons per day by 2026, within a nameplate capacity of 3,000 tons per day, which is expected to enhance Buenaventura's growth and create long-term value through sustainable operations [3][7]. Group 2: Financial Performance - In Q3 2025, Buenaventura reported adjusted earnings per share of 66 cents, surpassing the Zacks Consensus Estimate of 41 cents, and showing an increase from 29 cents per share in the same quarter the previous year [4]. - Revenues for the quarter rose by 30.2% year over year to $431 million, exceeding the Zacks Consensus Estimate of $363 million [4]. Group 3: Stock Performance - Buenaventura Mining's shares have increased by 153.8% year-to-date, compared to the industry's growth of 201.1% [5].