Compañia de Minas Buenaventura (NYSE:BVN), Peru’s largest publicly traded precious metals miner, reported a substantial increase in fourth-quarter and full-year 2025 profitability, bolstered by a strategic shift toward polymetallic production and improved margins.
The company’s fourth-quarter net income reached $383.6 million, a nearly twelve-fold increase compared to the $33.6 million reported in the same period of 2024.
For the full year, net income climbed to $782.1 million.
The earnings momentum was mirrored in the company’s EBITDA from direct operations, which rose to $353.5 million in the fourth quarter, up from $93.4 million a year earlier.
Full-year EBITDA reached $811.9 million, nearly doubling the $431.2 million recorded in 2024.
This performance was achieved despite an 11% decline in gold production, as the company successfully offset lower gold output with massive gains in base metals.
Lead production surged 58% and zinc production grew 43% year-over-year, following a concerted effort to target polymetallic stopes at the Uchucchacua mine.