Compania de Minas Buenaventura SAA reported its second-quarter 2026 results on July 31. Gold production increased 12% year-over-year. The ramp-up of the San Gabriel mine primarily drove this operational growth.
EBITDA reached $277.1 million, more than doubling the $130.1 million reported in the prior year. Quarterly revenues totaled $529 million, missing market expectations.
The company reported a net cash position of $66.6 million as of June 30, 2026. This financial standing was further strengthened by $117.5 million in dividends received from Cerro Verde after the quarter ended.
Management hosted a conference call on July 31 to discuss these financial and operational results with investors.