Mineros S.A. (BVC:MINEROS)
Colombia flag Colombia · Delayed Price · Currency is COP
13,600
+600 (4.62%)
At close: Apr 30, 2026

Mineros Earnings Call Transcripts

Fiscal Year 2026

  • Record gold production and financial results were highlighted, with strong growth from Nicaragua and Colombia and ambitious expansion plans, including new acquisitions and exploration. The company aims to reach 500,000 oz annual production by 2030, leveraging disciplined growth and undervalued opportunities.

Fiscal Year 2025

  • Record 2025 results featured 48% revenue growth, 71% higher Adjusted EBITDA, and strong cash flow, driven by high gold prices and operational excellence. 2026 guidance targets further production growth, major CapEx in Nicaragua, and continued shareholder returns.

  • Q3 2025 saw record revenue, net income, and free cash flow, driven by higher gold prices and stable production in Colombia and Nicaragua. Strategic investments, including the La Pepa acquisition and increased exploration, support future growth, with 2026 production expected to rise slightly.

  • Management highlighted stable production in Nicaragua and Colombia, a flexible cost structure tied to gold prices, and a robust dividend plan. Growth is driven by operational improvements, new projects, and exploration, with disciplined capital management and increased market visibility.

  • Gold production rose 3% year-over-year, with revenues up 37% and net income up 141% in Q2 2025. Cost guidance was raised due to higher gold prices, and the company completed the acquisition of the La Pepa Project in Chile, expanding its growth pipeline.

  • A 50-year-old gold producer with strong dividend history reported robust Q1 2025 results, highlighted by $160 million in revenue and a 6% dividend yield. Operational focus remains on Colombia and Nicaragua, with ongoing growth initiatives and acquisition plans.

  • Deutsche Goldmesse

    Q1 results showed strong revenues and earnings, with negative free cash flow due to receivables and tax timing. Gold production in Colombia and Nicaragua met or exceeded guidance, though costs in Nicaragua were high due to artisanal sourcing. Ongoing exploration and disciplined acquisition plans support future growth.

  • Status Update

    A new CEO with deep mining experience is driving expansion, cost discipline, and operational efficiency. Strong financials, green practices, and integration of artisanal miners support growth, while new permits and M&A opportunities aim to boost production and market presence.

  • Q1 2025 saw record net income of $38M and a 41% revenue increase, driven by higher gold prices and production. Dividend and share repurchase programs were approved, while exploration and permitting advanced in Colombia and Nicaragua.

  • AGM 2025

    The assembly approved record financial results, a $0.10 per share dividend, and a $12 million share buyback. A new board and CEO were appointed, and strategic plans for stable production and further exploration were outlined. Key risks and shareholder concerns were addressed.

Fiscal Year 2024

Fiscal Year 2023

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