Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Buenaventura Announces First Quarter 2025 Results for Production and Volume Sold per Metal

Compañía de Minas Buenaventura S.A.A. (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, today announced 1Q25 results for production and volume sold.

Production per Metal

Three Months Ended

March 31, 2025

2025

Guidance (1)

 

 

Gold ounces produced

 

 

 

El Brocal

4,627

15.5k - 18.5k

Orcopampa

14,295

45.0k - 50.0k

Tambomayo

3,034

12.5k - 15.5k

Julcani

1,880

7.5k - 9.5k

La Zanja

4,082

18.0k - 21.0k

San Gabriel (4)

-

10.0k - 15.0k

Total Direct Operations (2)

27,918

108.5k - 129.5k

Coimolache

13,343

50.0k - 55.0k

Total incl. Associated (3)

31,483

122.6k - 144.4k

 

 

Silver ounces produced

 

 

 

El Brocal

437,733

1.1M - 1.4M

Uchucchacua

452,176

2.7M - 3.2M

Yumpag

2,275,799

7.3M - 7.8M

Orcopampa

5,109

-

Tambomayo

161,393

1.2M - 1.5M

Julcani

339,744

1.5M - 1.8M

La Zanja

6,682

-

Total Direct Operations (2)

3,678,636

13.8M - 15.7M

Coimolache

89,568

0.2M - 0.3M

Total incl. Associated (3)

3,545,714

13.5M - 15.3M

 

 

Lead metric tons produced

 

 

 

Uchucchacua

3,127

16.0k - 18.0k

Tambomayo

503

-

Julcani

127

0.8k - 1.0k

Total Direct Operations (2)

3,757

16.8k - 19.0k

 

 

Zinc metric tons produced

 

 

 

Uchucchacua

5,272

23.0k - 26.0k

Tambomayo

527

1.0k - 1.3k

Total Direct Operations (2)

5,799

24.0k - 27.3k

 

 

Copper metric tons produced

 

 

 

El Brocal

12,063

55.0k - 60.0k

Julcani

119

-

Tambomayo

16

-

Total Direct Operations (2)

12,198

55.0k - 60.0k

1.

2025 projections are considered to be forward-looking statements and represent management’s good faith estimates or expectations of future production results as of April 2025.

2.

Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.

3.

Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.

4.

4Q25 targeted production initiation remains unchanged, subject to final permitting and required approvals

Volume Sold per Metal

Three Months Ended March 31, 2025

 

Gold ounces sold

 

El Brocal

2,668

Orcopampa

14,746

Tambomayo

2,691

Julcani

1,674

La Zanja

4,633

Total Direct Operations (1)

26,412

Coimolache

11,430

Total incl. Associated (2)

29,965

 

Silver ounces sold

 

El Brocal

359,921

Uchucchacua

496,799

Yumpag

2,187,357

Orcopampa

6,483

Tambomayo

145,701

Julcani

320,277

La Zanja

24,865

Total Direct Operations (1)

3,541,403

Coimolache

78,726

Total incl. Associated (2)

3,434,146

 

Lead metric tons sold

 

Uchucchacua

2,936

Yumpag

39

Tambomayo

386

Julcani

109

Total Direct Operations (1)

3,470

 

Zinc metric tons sold

 

Uchucchacua

4,362

Tambomayo

432

Total Direct Operations (1)

4,794

 

Copper metric tons sold

 

El Brocal

11,324

Tambomayo

66

Julcani

9

Total Direct Operations (1)

11,400

1.

Considers 100% of Buenaventura’s operating units, 100% of La Zanja and 100% of El Brocal.

2.

Considers 100% of Buenaventura’s operating units, 100% of La Zanja, 61.43% of El Brocal and 40.094% of Coimolache.

Average realized prices(1)(2)

Three Months Ended March 31, 2025

 

Gold (US$/Oz)

2,943

Silver (US$/Oz)

32.22

Lead (US$/MT)

1,893

Zinc (US$/MT)

2,812

Copper (US$/MT)

9,292

1.

Considers Buenaventura consolidated figures.

2.

Realized prices include both provisional sales and final adjustments for price changes.

Commentary on Operations

Tambomayo:

  • Gold and silver production slightly exceeded projections for the first quarter 2025, primarily due to higher than expected ore volumes processed.
  • Zinc and lead production also exceeded expectations due to increased processed ore volumes and higher-than-anticipated ore grades from stopes in the bottom section of the mine.

Orcopampa:

  • 1Q25 gold and silver were in line with expectations.

La Zanja:

  • 1Q25 gold production was in line with expectations.
  • Silver production exceeded 1Q25 projections due to higher than anticipated solubility.

Coimolache:

  • 1Q25 gold production was in line with expectations.
  • Silver production exceeded 1Q25 projections due to higher than anticipated silver grades.

Julcani:

  • Silver output for 1Q25 was below estimates, primarily due to lower processed volumes from the Achilla area, as well as reduced grades from the Estela area as a result of increased dilution resulting from softer ground in the majority of the new stopes.
  • Gold production was in line with expectations.

Uchucchacua:

  • Silver production was in line with 1Q25 expectations.
  • Lead and zinc output did not meet guidance due to lower-than-expected grades, attributable to changes in the mining sequence and softer ground that resulted in higher dilution.

Yumpag:

  • Silver production exceeded 1Q25 projections, driven by higher grades from early access to high-grade stopes.

El Brocal:

  • Copper and gold production was in line with expectations for 1Q25.
  • Silver production outperformed guidance, due to higher than budgeted silver grades as part of a short-term plan prioritizing mining blocks with high silver content.

Company Description

Compañía de Minas Buenaventura S.A.A. is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru. The Company is engaged in the exploration, mining development, processing and trade of gold, silver and other base metals via wholly-owned mines and through its participation in joint venture projects. Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

The Company owns 19.58% of Sociedad Minera Cerro Verde, an important Peruvian copper producer (a partnership with Freeport-McMorRan Inc. and Sumitomo Corporation).

(*) Operations wholly owned by Buenaventura.

Note on Forward-Looking Statements

This press release may contain forward-looking information (as defined in the U.S. Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties, including those concerning Cerro Verde’s costs and expenses, results of exploration, the continued improving efficiency of operations, prevailing market prices of gold, silver, copper and other metals mined, the success of joint ventures, estimates of future explorations, development and production, subsidiaries’ plans for capital expenditures, estimates of reserves and Peruvian political, economic, social and legal developments. These forward-looking statements reflect the Company’s view with respect to Cerro Verde’s future financial performance. Actual results could differ materially from those projected in the forward-looking statements as a result of a variety of factors discussed elsewhere in this Press Release.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.