Compania de Minas Buenaventura SAA shares dropped significantly after going ex-dividend for a $0.99 special payout. This event triggered a mechanical markdown in the trading price.
Falling gold and silver prices intensified the selloff across the materials sector. Management also recently lowered production guidance for the Tambomayo and Uchucchacua mines.
The company maintains a strong cash position with low reliance on new debt. However, operational risks at the San Gabriel project and rising costs create ongoing investor uncertainty.