How San Gabriel’s First Dore Bar Milestone Could Impact Compañía de Minas Buenaventura (BVN) Investors

• Compañía de Minas Buenaventura S.A.A. recently reported that its San Gabriel gold project in Moquegua produced its first dore bar during commissioning, in line with the planned schedule and ahead of securing final approvals for full-scale operations.
• This commissioning milestone is important because San Gabriel is intended to replace output from aging mines and underpin the company’s longer-term production profile.
• We’ll now examine how San Gabriel’s successful first dore bar and impending ramp-up could influence Buenaventura’s broader investment narrative.

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Compañía de Minas BuenaventuraA Investment Narrative Recap

To own Buenaventura, you need to believe it can convert a maturing Peru-focused mine portfolio into a steadier, lower-risk producer anchored by new assets like San Gabriel, while keeping costs and balance sheet risk in check. The first dore bar at San Gabriel directly supports the key near term catalyst of a smooth ramp-up, but permitting and tailings execution remain the biggest swing factors for the story.

The most relevant recent context is management’s updated 2025 production guidance, which sets expectations for gold, silver, and base metals output before San Gabriel reaches its planned 2026 processing levels. This latest commissioning milestone helps frame how San Gabriel could offset future declines at older mines and complements broader efforts to sustain volumes and margins across the portfolio.

However, investors should also be aware that San Gabriel’s progress still depends on timely permits and successful completion of a technically challenging tailings facility...

Read the full narrative on Compañía de Minas BuenaventuraA (it's free!)

Compañía de Minas BuenaventuraA's narrative projects $1.4 billion revenue and $490.9 million earnings by 2028.

Uncover how Compañía de Minas BuenaventuraA's forecasts yield a $27.17 fair value, a 8% downside to its current price.

Exploring Other Perspectives

Simply Wall St Community members have five fair value estimates for Buenaventura, spanning roughly US$8 to US$35 per share, underlining how far opinions can spread. As you weigh those views, remember that San Gabriel’s ramp up and permitting timeline could materially influence future production and cash generation, so it is worth comparing several different assumptions before forming your own stance.

Explore 5 other fair value estimates on Compañía de Minas BuenaventuraA - why the stock might be worth less than half the current price!

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• A great starting point for your Compañía de Minas BuenaventuraA research is our analysis highlighting 4 key rewards that could impact your investment decision.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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