| Transactions with related companies and joint venture |
31.Transactions with related companies and joint venture | (a) | The Group has carried out the following transactions with its related companies and joint venture in the years 2025, 2024 and 2023: |
| | | | | | | | | 2025 | | 2024 | | 2023 | | | US$(000) | | US$(000) | | US$(000) | | | | | | | | Associates - | | | | | | | Revenues from: | | | | | | | Energy | | 3,167 | | 3,950 | | 3,669 | Supplies, note 28(a) | | 203 | | 364 | | 1,104 | | | | | | | | Purchase of: | | | | | | | Dore silver | | 1,658 | | 992 | | 340 | Supplies | | 293 | | 114 | | 81 | | | | | | | | Services rendered to: | | | | | | | Administrative and Management services | | 4,100 | | 3,337 | | 3,539 | Operation and maintenance services related to energy transmission | | 353 | | 292 | | 310 | | | | | | | | Services received from: | | | | | | | Desorption and smelting | | 483 | | 406 | | 265 | | | | | | | | Contributions granted and paid from: | | | | | | | Tinka Resources Ltd. | | — | | 400 | | — | | | | | | | | Dividends received and collected from: | | | | | | | Sociedad Minera Cerro Verde S.A.A. | | 107,714 | | 166,468 | | 146,884 | Compañía Minera Coimolache S.A. | | 10,290 | | 2,422 | | 402 | | | 118,004 | | 168,890 | | 147,286 | Joint Venture - | | | | | | | Interest income: | | | | | | | Transportadora Callao S.A., note 29(a) | | 7 | | 21 | | 23 |
| (b) | As a result of the transactions indicated in the paragraph (a), the Group had the following accounts receivable and payable from/to associates: |
| | | | | | | 2025 | | 2024 | | | US$(000) | | US$(000) | | | | | | Trade and other receivables, note 7(a) | | | | | Compañía Minera Coimolache S.A. | | 406 | | 669 | | | 406 | | 669 | Other receivables, note 7(a) | | | | | Transportadora Callao S.A. | | 1,853 | | 2,279 | Compañía Minera Coimolache S.A. | | 1,173 | | — | Sociedad Minera Cerro Verde S.A.A. | | — | | 6 | | | 3,026 | | 2,285 | | | 3,432 | | 2,954 | Trade and other payables, note 13(a) | | | | | Compañía Minera Coimolache S.A. | | 271 | | 773 | | | | | | Other payables, note 13(a) | | | | | Other minor | | 342 | | 251 | | | 613 | | 1,024 |
As of December 31, 2025 and 2024, there is no allowance for expected credit losses related to related parties accounts. | (c) | Directors and key personnel − |
As of December 31, 2025 and 2024 there were no loans to employees, directors and key personnel. There are no loans to the Group’s directors and key personnel guaranteed with Buenaventura or any of its subsidiaries’ shares. The Group’s key executives’ compensation (including the related income taxes assumed by the Group) for the years ended 2025 and 2024 are presented below: | | | | | | | 2025 | | 2024 | | | US$(000) | | US$(000) | | | | | | Accounts payable: | | | | | Bonus to officers | | 9,868 | | 8,394 | Directors’ remuneration | | 4,433 | | 4,133 | Salaries | | 1,223 | | 993 | | | | | | Total | | 15,524 | | 13,520 | | | | | | Payments: | | | | | Salaries | | 15,117 | | 12,093 | Directors’ remuneration | | 4,133 | | 1,939 | Total | | 19,250 | | 14,032 | | | | | | Expenses: | | | | | Salaries | | 15,170 | | 12,138 | Directors’ remuneration, note 24 | | 4,433 | | 4,332 | Total | | 19,603 | | 16,470 |
| (d) | The account receivable from Consorcio Transportadora Callao corresponds to the disbursements made between 2011 and 2013 by the subsidiary El Brocal in order to participate in the joint venture (see note 10(c)). This account receivable generates interest at an annual fixed rate of 5.82%. |
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