EarningsQ2 2026 Earnings Report
MX:BVNN Q2 2026 EPS Results
Actual EPS$16.70
Consensus EPS$19.04
Beat/MissMissed by -$2.34
One Year Ago EPS$6.47
MX:BVNN Q2 2026 Revenue Results
Actual Revenue$9.45B
Expected Revenue$10.96B
Beat/MissMissed by -$1.51B
YoY Revenue Growth+40.90%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:BVNN Upcoming Earnings
Compania de Minas Buenaventura SAA's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BVNN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial performance (revenues +43%, EBITDA +113%, net income +165%), solid cash position and large dividend inflows, alongside production gains and growth investments (San Gabriel commercial sales, Yumpag throughput approval). These positives are tempered by operational challenges at San Gabriel (filtration, recoveries, incremental CapEx), some elevated unit costs while ramping, and weather preparedness spending. On balance, the substantive financial and portfolio strengths outweigh the operational ramp-up issues and modest cost pressures.Company Guidance
Strong Revenue Growth
Total revenues increased 43% year-over-year to $529 million in Q2 2026, driven by robust operational performance and favorable metal prices.
Material EBITDA and Margin Expansion
EBITDA from direct operations reached $277 million, up 113% year-over-year; EBITDA margin expanded from 35% to 52% (≈+17 percentage points), reflecting improved profitability.
Net Income Surge
Net income was $261 million, a 165% increase year-over-year, reflecting stronger operations across core assets and favorable commodity prices.
Production Increases Across Metals
Consolidated gold production rose 12% YoY to 30.1k oz, silver production rose 2% YoY to 3.6M oz, and copper production rose 2% YoY to 13.5k tons; San Gabriel contributed its first commercial gold (2.8k oz).
Balance Sheet and Cash Strength
Quarter-end cash of $759 million vs total debt of $69.002 million, leaving a net cash position of ~ $67 million; net debt to EBITDA was -0.05x, indicating strong financial flexibility.
Significant Dividends from Cerro Verde
Year-to-date dividends from Cerro Verde totaled $274 million (including $118 million received post-quarter); management expects total Cerro Verde dividends of ~$350–$380 million for 2026.
Yumpag Throughput Approval and Cost Benefits
Regulatory approval to increase Yumpag throughput from 1,000 tpd to 1,200 tpd (20% increase); company expects ~10% higher production versus the initial plan and a dilution of fixed costs plus a 15–17% energy cost reduction after Q4 grid connection.
CapEx Allocation to Growth Assets
Q2 CapEx was ~ $98 million (primarily San Gabriel, El Brocal, Uchucchacua-Yumpag). Full-year CapEx guidance ~ $500 million with ~$200 million spent in H1, reflecting continued investment in growth and productivity.
MX:BVNN 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