BUENAVENTURA MINING CO Business Summary

Compañía de Minas Buenaventura S.A.A. (BVN) is Peru’s largest publicly traded precious metals company, generating revenue through the exploration, extraction, and sale of gold, silver, copper, lead, and zinc. The company operates a diversified business model comprised of direct mining operations, such as the El Brocal and the newly commissioned San Gabriel gold project, alongside strategic equity stakes in major assets like the Cerro Verde copper mine (19.58% ownership). Its primary business segments include mineral production, exploration and development, and energy generation through its subsidiary Huanza. As of early 2026, Buenaventura is transitioning into a free-cash-flow-focused producer, leveraging the ramp-up of the San Gabriel mine to offset maturing assets. It competes directly with major regional and global players such as Pan American Silver, Hochschild Mining, and Newmont, maintaining a dominant market position in Peru due to its extensive land holdings and integrated infrastructure. Founded in 1953 by Alberto Benavides de la Quintana, the company is currently led by Chief Executive Officer Leandro García, who previously served as CFO and holds an MBA from the University of Miami and an AMP from Harvard Business School. The executive team is supported by Daniel Domínguez, Vice President and CFO, a 25-year company veteran with a background from London Business School, and Juan Carlos Ortiz, Vice President of Operations. The Board of Directors is chaired by Roque Benavides Ganoza, a prominent figure in the Peruvian mining sector. Notable institutional backing includes a significant 19% stake held by Antofagasta PLC (controlled by the Luksic family), with additional major holdings by Van Eck Associates, BlackRock, and Fidelity International, reflecting strong institutional confidence in the company’s multi-metal growth strategy.