Shares of Compañía de Minas Buenaventura (BVN) are higher as investors digest a blockbuster first-quarter 2026 earnings release that showed a step-change in profitability and liquidity. The quarter featured a large year-over-year lift in EBITDA and net income, supported by improving operating performance and supportive realized metal prices, with management emphasizing that San Gabriel entered its ramp-up phase during the quarter. (buenaventura.com)

Buenaventura reported Q1 2026 revenue of $624.6 million versus $307.7 million a year earlier, EBITDA from direct operations of $386.3 million versus $126.3 million, and net income of $355.2 million versus $147.0 million. The company ended the quarter with $759.9 million in cash and reported a net cash position (net debt of negative $51.9 million). (buenaventura.com)

Operationally, Buenaventura highlighted that gold production rose 8% year over year, driven primarily by San Gabriel’s ramp-up, while consolidated silver production increased 6% year over year on higher output at El Brocal, Uchucchacua and Tambomayo. The company also pointed to increased lead and zinc production, while copper output declined due to mine-plan sequencing at El Brocal. (buenaventura.com)

Beyond operating earnings, Buenaventura flagged meaningful incoming cash from affiliates, including dividends tied to its Cerro Verde stake. It said it received $58.7 million on April 24, 2026 (after quarter-end) and total dividends received year-to-date 2026 amounted to $156.6 million, reinforcing the balance-sheet strength narrative alongside the Q1 earnings surge. (buenaventura.com)