Buenaventura Beats Q1 Estimates with 103% Revenue Surge, Lifting Gold Outlook

Buenaventura Mining crushed Q1 2026 expectations, reporting revenues of $624.6M (up 103% YoY vs. Zacks' $600M forecast), EBITDA of $386.3M (+206% YoY), and net income of $335.4M (+139% YoY), driven by 8% higher gold output from San Gabriel ramp-up. This follows April 27 previews highlighting 95% sales growth potential from rising volumes and soaring metal prices—gold at $4,875/oz (+65.6% y/y). Strong cash position of $759.9M and net cash status bolsters miners, likely supporting gold prices and bullion assets amid positive precious metals sentiment.