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Compania de Minas Buenaventura SAA (BVN)
NYSE:BVN
US Market

Compania de Minas Buenaventura SAA (BVN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 23, 2026
After Close (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.75
Last Year’s EPS
0.55
Same Quarter Last Year
Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presented a mix of meaningful financial strength (very large reported net income increase, solid cash position, dividend increases, San Gabriel nearly complete and initial production achieved, and attractive 2026 revenue/EBITDA guidance under certain metal price assumptions) alongside material operational and cost challenges (production declines in copper and gold, substantial quarter cost spikes, ventilation and ramp-up issues at San Gabriel, and higher-than-expected CapEx). The positives support balance-sheet robustness and shareholder returns, while the operational headwinds and cost volatility temper near-term operational outlook and create execution risk during ramp-up.
Company Guidance
Guidance highlights: San Gabriel is entering ramp‑up after reaching ~99% completion with primary crusher, SAG and ball mills and sealed tanks at 100% and the filtered tailings plant complete; first doré produced and initial operating permit received, water license pending, and the company expects a stable 2,000 tpd throughput in 2026 (with a 3,000 tpd design target thereafter). Capital spending guidance is $385–415M for 2025 (sustaining CapEx $200–220M) and growth CapEx $185–195M for 2026 (about $160M of that tied to San Gabriel); G&A is guided at $60–70M and exploration at $90–100M (operating $60–70M; greenfield $20–30M). Production and financial anchors: FY2025 copper 52,400 t (‑8% y/y), silver 15.6M oz (+1%), gold 121,000 oz (‑18%); 2026 gold guidance ~48,055 oz alongside the San Gabriel ramp; FY2025 direct‑ops EBITDA reported $112M, net income $1.83B, year‑end cash $530M, debt $710M (leverage 0.22x). Shareholder returns and cash flow: Cerro Verde dividends of ~ $200M expected in 2026 (already $100M received in Jan, $50M expected in July and $50M in Q4), board approved $0.9904/share dividend (total last‑12‑month ADS dividends $1.0135) and approved a 40% payout of 2025 net income; at price assumptions of $4,500/oz gold, $70/oz silver and $12,000/t copper management expects revenues of $1.8–2.0B and EBITDA of $800–1,000M. Cost trends: copper, silver and gold cash costs are up due to higher personnel, cement and FX impacts, increased commercial deductions/non‑payable values/escalators, and lower throughput in some mines.
Strong Net Income and Cash Position
Net income for full year 2025 was $1,830,000,000 versus $416,000,000 in 2024 (≈+340% YoY). Year-end cash position of $530,000,000 and total debt of $710,000,000, yielding a leverage ratio of 0.22x.
Dividend Policy and Payouts
Board approved a dividend of $0.9904 per share; total dividends declared over the past 12 months reached $1.0135 per ADS. Company plans to pay 40% of 2025 net income as dividends (above minimum 20% policy). Cerro Verde dividends attributable to the company: $98,000,000 received (post-quarter), and management expects ~$200,000,000 from Cerro Verde in 2026 (scheduling cited: $100M received in January, $50M in July, $50M in Q4).
San Gabriel Nears Completion and Early Production Milestone
San Gabriel overall progress at 99% completion; CapEx in 2025 for the project was $153,000,000. Produced first doré bar in December 2025 and received initial operating permit; water license expected imminently. Key plant mechanical works (primary crusher, SAG/ball, sealed tanks) reported at 100% and filtered tailings plant complete.
Operational Stability at Core Mines and Affiliate Performance
Management highlighted consistent copper and silver output supported by steady operations at El Brocal, Uchucchacua, and Yumpa. Coimolache operating at full capacity and Cerro Verde delivered dividends (supporting affiliate cash generation).
Guidance and Financial Outlook for 2026
Management provided revenue and EBITDA sensitivity guidance assuming prices of $4,500/oz gold, $70/oz silver, $12,000/t copper: revenue range $1.8B–$2.0B and EBITDA $800M–$1,000M for 2026. 2026 growth CapEx expected $185M–$195M (≈$160M allocated to San Gabriel) and sustaining CapEx $200M–$220M; total 2025 CapEx guidance reiterated at $385M–$415M.
Free Cash Flow Generation and Capital Discipline
Fourth quarter cash position increased driven by net cash inflows from operating activities. Company emphasized strong cash flow generation, solid balance sheet, and disciplined capital allocation enabling returns to shareholders.

Compania de Minas Buenaventura SAA (BVN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

BVN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 23, 2026
2026 (Q1)
0.75 / -
0.55
Feb 26, 2026
2025 (Q4)
0.67 / 1.51
0.131061.54% (+1.38)
Oct 31, 2025
2025 (Q3)
0.40 / 0.71
0.93-23.66% (-0.22)
Jul 24, 2025
2025 (Q2)
0.35 / 0.36
0.2828.57% (+0.08)
May 01, 2025
2025 (Q1)
0.26 / 0.55
0.24129.17% (+0.31)
Oct 30, 2024
2024 (Q3)
0.28 / 0.93
-0.0961068.75% (+1.03)
Jul 25, 2024
2024 (Q2)
0.34 / 0.28
-0.031033.33% (+0.31)
Apr 30, 2024
2024 (Q1)
0.10 / 0.24
0.25-4.00% (-0.01)
Mar 01, 2024
2023 (Q4)
- / -
0.27
Feb 14, 2024
2024 (Q4)
0.13 / -0.04
0.27-114.81% (-0.31)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

BVN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 26, 2026
$40.01$41.13+2.80%
Oct 31, 2025
$22.63$21.79-3.73%
Jul 24, 2025
$17.67$17.27-2.31%
May 01, 2025
$14.07$13.84-1.69%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Compania de Minas Buenaventura SAA (BVN) report earnings?
Compania de Minas Buenaventura SAA (BVN) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
    What is Compania de Minas Buenaventura SAA (BVN) earnings time?
    Compania de Minas Buenaventura SAA (BVN) earnings time is at Apr 23, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is BVN EPS forecast?
          BVN EPS forecast for the fiscal quarter 2026 (Q1) is 0.75.