Buenaventura

Stock performance

History

Buenaventura was founded as a small mining company and grew into one of Peru's largest precious-metals mining companies, benefiting from Peru's globally significant gold and silver deposits, and built a significant stake in the massive Yanacocha gold mine, one of the largest in Latin America, through a joint venture with US miner Newmont.

Business model

Buenaventura mines gold, silver, and other metals across Peru, both through wholly owned operations and joint-venture stakes in major mines including Yanacocha, selling primarily into global precious-metals markets.

Market position

Buenaventura is one of the largest precious-metals mining companies in Peru and Latin America, though its major joint-venture mine Yanacocha has faced declining output as reserves mature, prompting the company to invest in newer mining projects to sustain production.

Country impact

Buenaventura is one of the largest mining companies in Peru, a country where mining is one of the largest contributors to export revenue and GDP, and its operations have at various points been the focus of local community and environmental disputes common to Peru's broader mining sector.