Buenaventura Mining CO (BVN) Q4 FY25 earnings call

Buenaventura closed FY25 with robust financial results, driven by strong EBITDA and net income, despite a decline in gold and copper production. The San Gabriel project is nearing completion, having produced its first dore bar, though its ramp-up faces initial challenges with ventilation and high-grade access, leading to a revised 2026 production outlook. The company is actively reviewing its portfolio, including potential asset sales, while increasing exploration investments and maintaining a disciplined capital allocation strategy, highlighted by an increased dividend payout.