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].

Core Viewpoint - Compañia de Minas Buenaventura S.A.A. has successfully produced its first dore bar at the San Gabriel gold operation, marking a significant milestone in its commissioning tests and aligning with the planned timeline [1][2]. Group 1: Company Operations - San Gabriel is projected to achieve a processing rate of 2,000 tons per day (TPD) by 2026, with a nameplate capacity of 3,000 TPD [2]. - The estimated production guidance for gold in 2026 is between 70,000 to 80,000 ounces [2]. - The start-up of operations at San Gabriel is expected to replace production from depleting mines and position the company for significant growth, creating long-term value through sustainable operations [2]. Group 2: Company Description - Compañia de Minas Buenaventura S.A.A. is the largest publicly traded precious and base metals company in Peru, engaged in exploration, mining development, processing, and trade of gold, silver, and other base metals [3]. - The company operates several wholly-owned mines in Peru, including Orcopampa, Uchucchacua, Julcani, Tambomayo, La Zanja, El Brocal, and Coimolache [3]. - Buenaventura holds a 19.58% stake in Sociedad Minera Cerro Verde, a significant copper producer in Peru, in partnership with Freeport-McMoRan Inc. and Sumitomo Corporation [4].