Compania de Minas Buenaventura SAA (BVN)
NYSE:BVN
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.03Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported strong top-line and bottom-line improvements (revenues >100% YoY, EBITDA >3x, net income +142%), meaningful production gains in gold (+80%) and silver (+6%), significant permitting progress, and a robust cash position supported by large affiliate dividends. Challenges include a copper production decline (-11%), marked increases in workers' profit sharing and other cost pressures, and operational teething issues at San Gabriel (clay/high moisture, partial equipment delivery, tailings constraints) that will delay full ramp-up. On balance, the positive financial performance, strong cash generation and permitting momentum outweigh the operational and cost headwinds.Company Guidance
Strong Revenue Growth
Total revenues reached $625 million in Q1 2026, more than doubling year over year (>100% YoY), driven by stronger operating performance and a favorable market environment.
Robust Profitability and Margin Expansion
EBITDA from direct operations was $386 million, more than three times higher YoY (>200% YoY), with margins improving from 41% to 62% (up 21 percentage points). Net income was $355 million, a 142% YoY increase.
Significant Gold and Silver Production Uplift
Gold production was 30 thousand ounces, up 80% YoY, primarily due to San Gabriel ramp-up. Silver production reached 3.9 million ounces, up 6% YoY, supported by higher output at El Brocal, Uchucchacua, and Tambomayo.
Permitting Progress Unlocking Capacity
Key permits received in 2026: Stage one operating permit and water use license for San Gabriel; second ITS at Yumpag authorizing 12k tpd; first ITS at El Brocal increasing capacity to 17k tpd; Environmental Impact Assessment approved for Trapiche. Management noted these milestones increase operational certainty and support ramp-up.
Strong Balance Sheet and Cash Generation
Quarter-end cash position of $760 million and a net cash positive stance (total debt amount was inaudible). CapEx for the quarter was $81 million. YTD dividends received amounted to ~$157 million, including $59 million in April, supporting free cash flow.
Material Affiliate Cash Flow Contribution
Management expects Cerro Verde to generate exceptional cash in 2026 (EBITDA in excess of $2.5 billion; free cash flow ~ $1.2–1.3 billion after ~ $350–400 million CapEx and ~$1 billion taxes). Buenaventura expects to receive around $200 million in dividends from Cerro Verde this year, with ~$160 million already distributed Jan–Apr.
Compania de Minas Buenaventura SAA (BVN) Earnings, Revenues Date & History
BVN Earnings History
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 |
|---|---|---|---|
Apr 30, 2026 | $30.02 | $32.59 | +8.56% |
Feb 26, 2026 | $38.93 | $40.02 | +2.80% |
Oct 31, 2025 | $22.02 | $21.20 | -3.73% |
Jul 24, 2025 | $17.19 | $16.80 | -2.30% |
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 Jul 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 Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is BVN EPS forecast?
BVN EPS forecast for the fiscal quarter 2026 (Q2) is 1.03.