Company Overview

Compañía de Minas Buenaventura S.A.A. is a Peru-based precious metals mining company primarily engaged in the exploration, development, extraction, processing, and sale of mineral resources. The company operates mainly within the mining and metals industry, with a core focus on gold, silver, and base metals such as copper, zinc, and lead. Its revenue is largely driven by the production and sale of precious metals, complemented by earnings from equity interests in other mining operations.

Founded in 1953, Buenaventura has evolved from a domestic Peruvian mining operator into one of the country’s largest and most established mining companies. It is publicly listed on the New York Stock Exchange under the ticker BVN and on the Lima Stock Exchange, reflecting its long-standing access to international capital markets. The company is widely recognized for its technical expertise in underground mining and its early adoption of joint venture models with global mining partners.

Business Operations

Buenaventura conducts its operations through multiple wholly owned and partially owned mining units, generating revenue from the sale of doré bars, concentrates, and refined metals. Its principal operating mines include Orcopampa, Uchucchacua, Tambomayo, Julcani, and El Brocal, each contributing differently depending on metal prices, ore grades, and operational conditions. In addition to direct mining operations, Buenaventura earns income from dividends and equity-method investments.

The company maintains a vertically integrated approach that includes exploration, mine development, processing, and environmental management. Its asset base spans underground and open-pit mines, processing plants, and exploration properties. Buenaventura also holds a significant ownership interest in Sociedad Minera Cerro Verde S.A.A., one of the largest copper mining operations in Peru, operated as a joint venture with international partners.

Strategic Position & Investments

Buenaventura’s strategy emphasizes disciplined capital allocation, optimization of existing operations, and long-term reserve replacement through exploration. A key pillar of its strategy is maintaining strategic equity investments in large-scale mining assets while focusing operational control on mines where it has technical and cost advantages. The company has historically reinvested in mine life extensions and brownfield exploration to sustain production levels.

Notable strategic investments include its significant stake in Sociedad Minera Cerro Verde S.A.A., which provides exposure to large-scale copper production, and interests in early-stage exploration projects across Peru. Buenaventura has also invested in operational efficiency, digital mine planning, and environmental and water management technologies, reflecting its focus on sustainability and regulatory compliance in emerging mining districts.

Geographic Footprint

Buenaventura’s operations are concentrated in Peru, where it operates across multiple mining regions in the Andean highlands, including Arequipa, Ayacucho, Huancavelica, La Libertad, and Lima regions. Its corporate headquarters is located in Lima, Peru, serving as the central hub for strategic planning, finance, and governance.

While the company does not operate producing mines outside Peru, its geographic influence extends internationally through metal sales to global commodity markets and relationships with multinational partners and investors. Its exposure to international markets is further reflected in its NYSE listing and compliance with U.S. securities regulations.

Leadership & Governance

Buenaventura is recognized for stable, founder-led governance and a long-term strategic orientation. The company has historically emphasized conservative financial management, technical excellence, and strong relationships with local communities and regulators. Its leadership philosophy centers on sustainable mining, value preservation across commodity cycles, and maintaining a strong balance sheet.

Key members of the leadership team include:

• Roque Benavides Ganoza – Executive Chairman
• Leandro García – Chief Executive Officer
• Luis Pablo de la Flor – Chief Financial Officer
• Ricardo Portocarrero – Vice President, Operations
• Patricia Bustamante – Vice President, Legal and Corporate Affairs

The company operates under a governance framework aligned with U.S. SEC reporting standards, including regular disclosures through Form 20-F filings, and adheres to Peruvian corporate governance regulations.