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Buenaventura Announces Fourth Quarter 2024 Results for Production and Volume Sold per Metal

1. Buenaventura reported 4Q24 production and sales results. 2. Gold production increased significantly across multiple sites. 3. Forecasts indicate overall decreases in certain metals for 2025. 4. Higher silver grades expected to offset lower gold and lead grades. 5. Company's operational guidance reflects ongoing mining permits and approvals.

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FAQ

Why Bullish?

Increased gold production indicates strong performance. Past trends show higher production leads to stock price increases.

How important is it?

Financial results and future guidance are critical for BVN's valuation, affecting investor confidence.

Why Long Term?

Production increases and operational expansions often yield sustained growth over multiple quarters.

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Buenaventura Announces Fourth Quarter 2024 Results for Production and Volume Sold per Metal

LIMA, Peru--()--Compañía de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced 4Q24 results for production and volume sold.

Production per Metal

Three Months Ended December 31, 2024 Year Ended December 31, 2024
Total Direct Operations (2) 39,362 148,683
El Brocal 6,317 23,646
Orcopampa 16,466 70,892
Tambomayo 7,823 33,896
Total Direct Operations (2) 39,362 148,683
  1. 2025 projections are considered to be forward-looking statements and represent management’s good faith estimates or expectations of future production results as of February 2025.
  2. Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.

Volume Sold per Metal

Three Months Ended December 31, 2024 Year Ended December 31, 2024
Gold ounces sold 35,615 135,766

Commentary on Operations

Tambomayo: 2024 gold production exceeded revised guidance, primarily due to an increase in processed ore.

Company Description
Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru.

Contacts

Daniel Dominguez, Chief Financial Officer
(511) 419 2540

Sebastián Valencia, Head of Investor Relations
(511) 419 2591
sebastian.valencia@buenaventura.pe

Website: buenaventura.com/en/inversionista/

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