Buenaventura Q3 net income rises 50% to $268.4 million

Compañía de Minas Buenaventura (NYSE:BVN) reported third-quarter 2026 net income of US$268.4 million, up 50% year-over-year, as revenue increased 27% to US$545.3 million.

The results compared with net income of US$179 million and revenue of US$431 million in the third quarter of 2025, while earnings per share increased 50% to US$1.06 from US$0.70.

EBITDA from direct operations increased 34% to US$261.2 million, while operating income rose 47% to US$226.4 million.

For the first nine months, direct operations EBITDA reached US$882 million and net income totalled US$825.4 million.

The company also reported US$1,000.6 million in cash, negative net debt of US$307.3 million and a leverage ratio of negative 0.25x, while its board approved a dividend of US$0.5508 per share or American Depositary Share.

Production results were mixed, with copper output from direct operations increasing 7% and gold declining 6%, while silver, lead and zinc production fell 21%, 12% and 1%, respectively.

Processing at San Gabriel remained constrained during most of the quarter because of tailings filtration system reinforcement work, resumed in the final week of September and is scheduled for further reinforcement over the next six months.