Q1 Revenue at $624.6M, Below Estimates
Reports Q1 revenue $624.6M, two estimates $651.5M. Gold production increased by 8% year-over-year (YoY) primarily driven by the ramp-up of operations at San Gabriel. Consolidated silver production increased by 6% YoY, reflecting higher output at El Brocal, Uchucchacua and Tambomayo. Lead and zinc production increased by 20% and 27% YoY, respectively, primarily due to higher throughput at Uchucchacua. Copper production decreased by 11% YoY, primarily due to lower output at El Brocal. This reflects the mine plan for 1Q26, which prioritized the processing of previously classified as low grade lead-silver ore, resulting in reduced copper ore throughput.
