Calculated oxygen fugacities of magmas from Lascar Volcano, Northern Chile, and the 1991 eruption of Mount Pinatubo, Phillipines, are seen to increase with decreasing temperature, relative to the fayalite-magnetite-quartz buffer. Isopleths of constant H,S/SO, at moderate pressures (2-4 kbar) lie parallel to the data. We conclude that magma mixing prior to eruption liberated large quantities of SO, gas by oxidation of dissolved sulphide in the mafic end-member. Oxygen fugacity of the magmas was then buffered by reduction of this gas to H$, leading to increasingly oxidized magmas. Such a process might be used to explain the highly oxidized nature of other sulphur-rich evolved calc-alkaline magmas, notably the El Chichon trachyandesite.Oxygen fugacity (f,,) is an important variable in magmatic processes since it can have a strong effect on phase relations and mineral chemistry due to the positive correlation between f , , and melt Fe3+/Fe2+ ratios. An increase in f , , would therefore tend to stabilize magnetite and increase the Mg No. (Mg/Mg + FeZ*) of ferromagnesian minerals.Preferential crystallization of magnetite relative to silicates is likely to increase the silica activity of the melt, further affecting the mineral assemblage. An example of this would be increased stability of orthopyroxene relative to olivine. In primitive mantle-derived magmas the f,, is likely to be inherited from the source region, providing valuable information about mantle mineralogy and heterogeneity and helping to constrain models of melting mechanisms in different tectonic environments.Oxygen fugacity of silicate liquids is commonly buffered during magmatic differentiation by iron redox reactions.Examples are fayalite = magnetite + quartz (FMQ) and magnetite = hematite (MH). These reaction curves are parallel in temperature-f,, space with f , , decreasing with decreasing temperature. In many magmas, complex reactions involving ferrous and ferric iron take place as the temperature drops, buffering f,, along trends parallel to the fayalite-magnetite-quartz buffer. Changes in f , , relative to the fayalite-magnetite-quartz buffer during magmatic differentiation may reflect processes such as assimilation of crustal material and degassing of the magma.