Buenaventura

What Buenaventura does

Compañía de Minas Buenaventura S.A.A. is a publicly-traded Peruvian mining company and the largest precious metals producer listed in Peru, operating 73 years since founding in 1953 and listed on the NYSE (BVN) since 1996. The company extracts and sells gold, silver, copper, zinc, and lead from a diversified portfolio of underground and open-pit mines across Peru, including San Gabriel (gold, first production December 2025), Tambomayo, Orcopampa, Uchucchacua, Julcani, Coimolache, La Zanja, and Colquijirca, with a 20% non-operated stake in Cerro Verde (one of Peru's largest copper mines, run by Freeport-McMoRan). Core production technologies include open-pit and underground mining, heap leaching, SX-EW (solvent extraction-electrowinning) for copper cathodes, and a GIS-based exploration platform recognized with Esri's 2024 SAG Award; the San Gabriel project also introduced a novel underground mining method not previously deployed in South America to address geomechanical challenges.

Buenaventura generates revenue through direct B2B sales of mineral concentrates, doré, and cathode products to global smelters, refineries, and commodity traders, with all pricing set by prevailing market rates on the LBMA, LME, and COMEX rather than proprietary tiers. Distribution is exclusively enterprise-to-enterprise via direct sales channels; no retail, intermediary, or self-serve digital channels are used. The customer base is horizontal across industrial manufacturing, jewelry, electronics, renewable energy (copper for EVs and solar), and investment demand for precious metals. Growth is anchored in three development projects: the $3.4 billion Trapiche copper project (Apurimac, SENACE-approved March 2026, targeting 60,000-70,000 tonnes/year cathode post-2030), the Yumpag silver project (ramp-up), and the San Gabriel gold mine (ramping toward 3,000 tonnes/day and 100,000+ oz/year by 2027). FY 2025 revenue reached approximately $2.4 billion with EBITDA from direct operations of $811.9 million (+88% YoY) and net income of $782.1 million, against a Q1 2026 market capitalization of $8.29 billion.

Name

Buenaventura

Legal name

Compañía de Minas Buenaventura S.A.A.

Website

https://buenaventura.com

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Buenaventura is Peru's largest publicly-traded precious metals miner, producing gold, silver, copper, zinc, and lead from underground and open-pit mines across Peru and selling to global smelters and refineries via commodity exchanges.

Ownership category

akta.pro rank

Product category

Precious Metals Mining

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Mining (except Oil and Gas) (212)

SIC

Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper Concentrate Trading & Marketing (IMAKADAI)

Keywords

• Precious metals mining
• Gold production
• Silver extraction
• Copper mining
• Base metals extraction

Headquarters

HQ city

Lima

HQ country

Peru

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Precious Metals Sales (Gold and Silver): Buenaventura generates the majority of its revenue from the extraction and sale of gold and silver. Q1 2026 revenue of $625 million was driven by stronger mine performance and favorable commodity prices, with gold production of 30 thousand ounces (up 80% YoY) and silver production contributing significantly. Full-year 2025 revenue reached approximately $2.4 billion.
2. Copper Production (Trapiche Project): The company is developing copper production through the Trapiche project in Apurimac, Peru, targeting annual cathode production of 60,000 to 70,000 tonnes using heap leaching and SX-EW processing technology, with operations expected post-2030.
3. Equity-Accounted Investment Income (Cerro Verde): Buenaventura holds a 20% stake in Cerro Verde, one of Peru's largest copper mines, operated by Freeport-McMoRan. This stake contributes equity-accounted income to Buenaventura's financial results.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Buenaventura extracts and sells gold, silver, copper, zinc, and lead from a diversified portfolio of mining operations in Peru, including underground and open-pit mines such as Tambomayo, Orcopampa, Uchucchacua, Julcani, Colquijirca, Coimolache, San Gabriel, and the development-stage Trapiche project. The company also holds a 20% equity stake in Cerro Verde (one of Peru's largest copper mines, operated by Freeport-McMoRan), contributing equity-accounted income from copper production.

Product overview

Compañía de Minas Buenaventura S.A.A. is Peru's largest publicly-traded precious metals mining company with 73 years of operation. The company operates a diversified portfolio of mining assets organized across five main product categories: Gold Mining Operations (Tambomayo, Orcopampa, La Zanja, Coimolache, San Gabriel), Silver Mining Operations (Uchucchacua, Julcani, Yumpag), Copper Operations (Colquijirca, Cerro Verde joint venture, Trapiche project, El Algarrobo, Coimolache Sulfuros), Zinc & Lead Operations (Colquijarca North Pit, San Gregorio), and support services including tailings dam management, the Huanza hydroelectric power plant, and the Río Seco industrial processor. The company also holds a 20% stake in Cerro Verde, operated by Freeport-McMoRan. Recent major milestones include first gold production at San Gabriel in December 2025 and SENACE environmental approval for the Trapiche copper project in March 2026.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• EBITDA increased 88% year-over-year to $811.9 million in FY 2025
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• European Union, Germany, Finland, and ISC3minorStrategic or Co-development Partner · 12 June 2026International partners including the European Union, Germany, Finland, and ISC3 collaborated with Peru's National Society of Industries (SNI) on sustainable chemistry and circular economy programming at Expo SNI 2026. Buenaventura participated alongside Hudbay Minerals, presenting initiatives to strengthen local supplier participation.
• Hudbay MineralsminorStrategic or Co-development Partner · 12 June 2026Hudbay Minerals participated in Expo SNI 2026 alongside Buenaventura, presenting initiatives to strengthen local supplier participation in Peru's mining supply chain. Both companies discussed industry challenges in mining, logistics, and industrial competitiveness.
• Universidad Nacional de MoqueguaminorStrategic or Co-development Partner · 4 September 2025Buenaventura formed an alliance with Universidad Nacional de Moquegua to strengthen the training of mining professionals in the region. This partnership supports local talent development and education in mining engineering and related disciplines near Buenaventura's San Gabriel operation.
• Cerro Verde (Freeport-McMoRan)coreStrategic or Co-development PartnerBuenaventura holds a 20% stake in Cerro Verde, one of Peru's largest copper mines operated by Freeport-McMoRan. Cerro Verde is a major contributor to Buenaventura's financial results through equity-accounted income, with a large-scale sulfide copper operation.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hochschild Mining: London-listed Peruvian precious metals miner (gold and silver) operating multiple underground mines in Peru. Highly comparable to Buenaventura given overlapping commodity focus, Peruvian geographic exposure, and similar underground mining operating model.
• Southern Copper Corporation: Peru-focused copper mining major (NYSE: SCCO) controlled by Grupo México. Comparable as a major Peruvian base-metals producer with overlapping copper, zinc, and polymetallic operations and similar regulatory/social-license dynamics in-country.
• Agnico Eagle Mines: Senior Canadian gold producer with growing Latin American footprint (Mexico, Colombia). Comparable precious-metals-focused operator with similar underground mining expertise and growth-project pipeline to Buenaventura.
• Pan American Silver: Major silver and gold producer with operations across Latin America (Peru, Mexico, Bolivia, Argentina). Direct peer given overlapping Peruvian precious-metals exposure and similar polymetallic mine portfolio.
• Nexa Resources: Peru/Brazil-focused zinc, lead, and copper miner (formerly Milpo, whose former corporate operations manager now heads Buenaventura's operations). Comparable polymetallic base-metals producer with overlapping Peruvian footprint and similar underground operating profile.

Broad incumbents

• Freeport-McMoRan: US-listed major copper and gold miner that operates Cerro Verde, in which Buenaventura holds a 20% stake. Highly relevant given operational and financial linkage, and as a broader incumbent in Peruvian copper.
• Newmont Corporation: World's largest gold mining company with significant South American (Peru/Colombia/Argentina/Mexico) exposure, including the Conga and Yanacocha operations. Comparable as a global gold major and direct competitor for capital and growth assets in the region.
• Barrick Gold: Global gold and copper major with major Peruvian exposure (Lagunas Norte, Pierina historical assets, and Veladero in Argentina). Comparable as a large-scale gold producer competing for capital, reserves, and tier-one development projects in Latin America.
• AngloGold Ashanti: Global gold major with Latin American operations (including Brazil and Colombia). Comparable as a senior gold producer often grouped with Buenaventura in IBD/precious-metals stock screens and competing for the same investor capital pool.

Others

• Wheaton Precious Metals: Precious-metals streaming and royalty company that purchased a 1.5% NSR royalty on Buenaventura's San Gabriel mine. Adjacent / capital-provider peer — not a direct competitor but commercially connected via the San Gabriel royalty transaction and a comparable precious-metals investment thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/compa-a-de-minas-buenaventura-s.a.a.

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Buenaventura