Buenaventura Reports Strong 2025 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy BVN?
Source: Businesswire
- Significant Revenue Growth: In Q4 2025, Buenaventura reported total revenues of $623 million, an impressive 108% increase year-over-year, with full-year revenues reaching $1.731 billion, up 50% from 2024, indicating strong performance in the precious metals market.
- Operating Income Surge: The company achieved an operating income of $297 million in Q4, a staggering 549% increase compared to the previous year, with full-year operating income at $633 million, reflecting successful cost control and operational efficiency.
- Record Net Income: Buenaventura's net income for Q4 2025 was $384 million, a remarkable 1,041% increase year-over-year, with full-year net income reaching $782 million, showcasing a significant enhancement in profitability.
- Earnings Per Share Growth: The EPS for Q4 2025 was $1.51, up 1,041% from the previous year, with full-year EPS at $3.08, highlighting the company's positive performance in shareholder returns.
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Analyst Views on BVN
Wall Street analysts forecast BVN stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 40.010
Low
42.00
Averages
42.00
High
42.00
Current: 40.010
Low
42.00
Averages
42.00
High
42.00
About BVN
Compania de Minas Buenaventura SAA is a Peru-based company primarily engaged in the mining industry. The Company and its subsidiaries focus on the exploration, extraction, concentration, smelting, and commercialization of polymetallic minerals and metals. Their key product is monohydrate manganese sulphate, which is a mineral compound. The Company's segments include: Production and sale of minerals; Construction, development and exploration of projects; Generation and transmission of energy; Insurance brokerage; Leasing of mining concessions; Investments in shares; and Industrial activities. The Company operates the Orcopampa, Uchucchacua, Julcani, and Tambomayo mines. Additionally, the Company owns interests in various mines and operates hydroelectric power plants.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Production Growth: In Q4 2025, Buenaventura's silver production increased by 2% year-over-year, while lead and zinc production surged by 58% and 43%, respectively, indicating the success of the company's polymetallic mining strategy at Uchucchacua, enhancing its competitive edge in the market.
- Significant EBITDA Increase: The EBITDA for Q4 2025 reached $353.5 million, a 279% increase from $93.4 million in Q4 2024, with full-year EBITDA at $811.9 million, showcasing substantial operational efficiency improvements that are expected to drive future investments and expansion.
- Net Income Surge: Q4 2025 net income was $383.6 million, up 1041% from $33.6 million in the same period of 2024, with full-year net income at $782.1 million, reflecting the company's strong market performance and enhanced profitability.
- Capital Expenditure and Dividend Plans: Buenaventura's Q4 2025 capital expenditure for San Gabriel totaled $153.4 million, primarily for processing plant construction, while the Board proposed a dividend payment of $0.9904 per share, demonstrating the company's commitment to shareholder returns and confidence in future growth.
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- Significant Revenue Growth: In Q4 2025, Buenaventura reported total revenues of $623 million, an impressive 108% increase year-over-year, with full-year revenues reaching $1.731 billion, up 50% from 2024, indicating strong performance in the precious metals market.
- Operating Income Surge: The company achieved an operating income of $297 million in Q4, a staggering 549% increase compared to the previous year, with full-year operating income at $633 million, reflecting successful cost control and operational efficiency.
- Record Net Income: Buenaventura's net income for Q4 2025 was $384 million, a remarkable 1,041% increase year-over-year, with full-year net income reaching $782 million, showcasing a significant enhancement in profitability.
- Earnings Per Share Growth: The EPS for Q4 2025 was $1.51, up 1,041% from the previous year, with full-year EPS at $3.08, highlighting the company's positive performance in shareholder returns.
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- Earnings Release Companies: After the bell on Thursday, major companies including Block (XYZ), CoreWeave (CRWV), Rocket Lab (RKLB), and Dell Technologies (DELL) are set to report earnings, with market expectations potentially influencing their stock performance in the short term.
- Additional Earnings Forecast: In addition to the major players, over 80 other companies, including Main Street Capital Corporation (MAIN), are scheduled to release earnings, indicating broad market interest and potential investment opportunities across various sectors.
- Market Reaction Expectations: Investors are keenly focused on the outcomes of these earnings reports, particularly in the current economic climate, as corporate profitability and growth outlooks will directly impact market sentiment and investment decisions.
- Earnings Season Calendar: Seeking Alpha provides a comprehensive earnings season calendar, assisting investors in tracking upcoming earnings releases to make more informed investment choices.
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- Gold Production Exceeds Expectations: In 2025, Orcopampa produced 15,754 ounces of gold, surpassing revised guidance due to higher-than-expected ore grades, while a 20% decrease in gold output is anticipated for 2026 as mining progresses into lower-grade areas.
- Stable Silver and Zinc Production: Uchucchacua's silver, lead, and zinc production in 2025 met expectations, with a projected 20% year-over-year increase in 2026 driven by ongoing operational optimization and increased processing capacity.
- Copper Production Delays: El Brocal's copper output in 2025 fell below revised guidance due to delays in mine development, with 2026 copper production expected to remain stable despite lower ore grades, aiming for a consistent underground mining rate of 13,000 tonnes per day.
- New Project Progress: San Gabriel did not achieve commercial production in 2025, although construction and development activities have been completed, with commercial production expected to commence in Q1 2026, primarily sourced from existing stockpiles while gradually advancing mining activities closer to the surface.
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- Gold Production Exceeds Expectations: In 2025, Orcopampa produced 15,754 ounces of gold, surpassing revised guidance due to higher-than-expected ore grades, while a projected 20% decrease in gold output for 2026 reflects challenges as mining moves into lower-grade areas.
- Stable Silver and Zinc Output: Uchucchacua's silver, lead, and zinc production in 2025 met expectations, with a projected 20% year-over-year increase in 2026 driven by ongoing operational optimization and an increase in processing capacity to 2,500 tonnes per day.
- Copper Production Delays: El Brocal's copper output in 2025 fell below revised guidance primarily due to delays in mine development, with expectations for stable copper production in 2026 despite challenges from lower grades.
- New Project Progress: San Gabriel did not achieve commercial production in 2025, although the first doré bar was produced; commissioning of remaining components is expected to be completed in 2026, gradually initiating mining activities to drive future production growth.
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- Complete Exit: Sagil Capital fully divested its 447,516 shares in Compañía de Minas Buenaventura S.A.A. during Q4, realizing approximately $10.89 million, which reflects the firm's risk management strategy in response to market volatility.
- Significant Price Surge: As of February 11, Buenaventura's shares were priced at $40.48, marking a staggering 220.51% increase over the past year, significantly outperforming the S&P 500's 14% gain, indicating the company's robust performance in the metals market.
- Portfolio Adjustment: This exit not only represents a reassessment of Buenaventura's assets but also reduces overlap with energy and shipping-related holdings, thereby lowering portfolio volatility, showcasing Sagil Capital's emphasis on risk management.
- Long-term Investment Considerations: While Buenaventura offers diversification across gold, silver, and base metals, its earnings remain tied to global pricing trends and Peruvian operational conditions, prompting investors to focus on cyclical risks to optimize their investment strategies.
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