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BUEN UENAVENTURA - Buenaventura Announces First Quarter 2021 Results Lima , Peru , April 29 , 2021 Compañia de Minas Buenaventura S.A.A. ( " Buenaventura " or " the Company " ) ( NYSE : BVN ; Lima Stock Exchange : BUE.LM ) , Peru's largest publicly - traded precious metals mining company , today announced results for the first quarter ( 1Q21 ) ended March 31 , 2021. All figures have been prepared in accordance with IFRS ( International Financial Reporting Standards ) on a non- GAAP basis and are stated in U.S. dollars ( US $ ) . First Quarter 2021 Highlights : • • • • • • EBITDA from direct operations reached US $ 38.2 million in 1Q21 , compared to negative US $ 6.7 million reported in 1Q20 . 1Q21 Adjusted EBITDA including associated companies reached US $ 182.9 million , compared to US $ 30.1 million in 1Q20 . 1Q21 net income of US $ 16.4 million , compared to a net loss of US $ 68.6 million for the same period in 2020 . 1Q21 exploration at operating units increased to US $ 9.3 million , compared to US $ 6.0 million in 1Q20 . This increase was due to an internal policy change to boost exploration activities , despite Covid - 19 personnel restrictions at some of our operations . 1Q21 capital expenditures were US $ 13.1 million , compared to US $ 10.7 million for the same period in 2020 . Buenaventura's cash position reached US $ 225.4 million for the first quarter 2021 . The Company will hold a Shareholders Meeting on May 21 , 2021 ( please refer page 7 for the proposed agenda ) . Financial Highlights ( in millions of US $ , except EPS figures ) : 1Q21 1Q20 Var Total Revenues 185.9 114.5 62 % Operating Profit -10.9 -59.7 82 % EBITDA Direct Operations 38.2 -6.7 N.A. Adjusted EBITDA ( Inc Associates ) 182.9 30.1 508 % Net Income 16.4 -68.6 N.A. EPS * 0.06 -0.27 N.A. ( * ) As of March 31 , 2021 , Buenaventura had a weighted average number of shares outstanding of 253,986,867 . Contacts in Lima : Daniel Dominguez , Chief Financial Officer ( 511 ) 419 2540 Rodrigo Echecopar , Head of Investor Relations ( 511 ) 419 2591 / rodrigo.echecopar@buenaventura.pe Company Website : www.buenaventura.com Contacts in NY : Barbara Cano ( 646 ) 452 2334 barbara@inspirgroup.com