Mineros S.A. Announces David Splett as New Chief Financial Officer
MEDELLIN, Colombia — Mineros S.A. (TSX:MSA, MINEROS:CB) (' Mineros ' or the ' Company '), a leading gold producer in Latin America, announces that it has appointed David Splett as its Chief Financial Officer, effective July 22, 2025.
Article content
'We are delighted to welcome David Splett as our new Chief Financial Officer. With deep financial expertise, a proven ability to drive disciplined capital allocation, and a strategic mindset, David brings exactly the kind of leadership we need as we enter our next phase of growth. I am confident that his experience in both public markets and operational finance will be instrumental in delivering long-term value for our shareholders,' said David Londoño, President and Chief Executive Officer.
Article content
David Splett is a Chartered Professional Accountant with almost 35 years of senior-level international resource experience, and a demonstrated track record of creating value, and success in financial and operational roles spanning base and precious metals mining, industrial minerals, and oil and gas. Prior to joining Mineros, Mr. Splett was the Senior Vice President and Chief Financial Officer of Calibre Mining Corp. Previously, he was Chief Financial Officer of Elevation Gold Mining Corporation from 2020. Previously, he was the Chief Financial Officer, Latin America for Goldcorp Inc. from 2016 though 2019, where he was responsible for strategy, policy implementation and optimization within the Latin American region. Mr. Splett has also held roles as Vice President of Finance at Mosaic Corporation, Chief Financial Officer at Minera Panama SA, Chief Financial Officer at Minera Antamina, and various roles at Teck Resources. Mr. Splett holds degrees in Economics and Administration from the University of Regina, a Master of Arts, Management Systems, from the University of Hull in the UK, as well as an MBA from Queens University in Ontario.
Article content
ABOUT MINEROS S.A.
Article content
Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia and Nicaragua, and a pipeline of development and exploration projects.
Article content
The board of directors and management of Mineros have extensive experience in mining, corporate development, finance, and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For over 50 years Mineros has operated with a focus on safety and sustainability at all its operations.
Article content
Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'.
Article content
Election of Directors – Electoral Quotient System
Article content
The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the Company's most recent annual information form, available on the Company's website at https://www.mineros.com.co/ and from SEDAR+ at www.sedarplus.com.
Article content
This news release contains 'forward looking information' within the meaning of applicable Canadian securities laws. Forward looking information includes statements that use forward looking terminology such as 'may', 'could', 'would', 'will', 'should', 'intend', 'target', 'plan', 'expect', 'budget', 'estimate', 'forecast', 'schedule', 'anticipate', 'believe', 'continue', 'potential', 'view' or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward looking information includes, without limitation, the Company's planned exploration, development and production activities; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.
Article content
Forward looking information is based upon estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct.
Article content
For further information of these and other risk factors, please see the 'Risk Factors' section of the Company's annual information form dated March 31, 2025, available on SEDAR+ at www.sedarplus.com.
The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward looking information contained herein. There can be no assurance that forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information.
Article content
Forward looking information contained herein is made as of the date of this news release and the Company disclaims any obligation to update or revise any forward looking information, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
For further information, please contact:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
38 minutes ago
- Globe and Mail
Blue Owl Tech (OTF) Q2 Income Beats 8%
Key Points Adjusted net investment income per share was $0.36 for Q2 2025, exceeding expectations by 8.05%. The investment portfolio reached $12.7 billion as of June 30, 2025, up from $6.2 billion a year earlier following the OTF II merger. Dividend payout increased, with a new regular $0.35 per share dividend and the first of five $0.05 per share special dividends announced for Q3 2025. These 10 stocks could mint the next wave of millionaires › Blue Owl Technology Finance (NYSE:OTF), a major player in lending to technology companies, delivered its second quarter 2025 results on August 6, 2025. Adjusted net investment income per share was $0.36. Surpassing analyst estimates of $0.33 (non-GAAP). Total revenue (GAAP) was $319.5 million, just under the $319.6 million forecast. The period saw sharply higher investment activity and expansion of the loan book. Though adjusted profits fell year over year. Overall, the quarter demonstrated robust portfolio growth and strong credit quality, set against some margin compression and increased expenses linked to the recent OTF II merger. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Adjusted Net Investment Income per Share, Non-GAAP) $0.36 $0.33 $0.46 (21.7%) Revenue (Total Investment Income, GAAP) $319.5 million $319.61 million $174.2 million 83.5% Net Asset Value per Share $17.17 $16.74 2.6% Total Investments at Fair Value $12.7 billion $6.2 billion 104.7% Net Investment Income $0.34 $0.49 -30.6% Source: Analyst estimates for the quarter provided by FactSet. About Blue Owl Technology Finance and Its Business Model Blue Owl Technology Finance (NYSE:OTF) specializes in providing loans and structured investments to technology companies, with a focus on those in the software and enterprise IT sectors. The company operates as a business development company (BDC), which requires at least 70% of its assets to be in qualifying assets as defined by the 1940 Act, and intends to invest at least 80% of its assets in technology-related companies. This enables it to tap into the rapid expansion and recurring revenues seen in modern enterprise software and healthcare tech. Recent business focus has centered on expanding its technology-related loans while managing risk through diversified lending and conservative credit policies. The company's strategy includes using leverage—borrowing capital to multiply investment returns—and leveraging its external management team for deal sourcing and risk management. Success depends on its sector focus, effective cost control, and prudent capital deployment. Key Developments in the Quarter The period marked a critical milestone for Blue Owl Technology Finance as it completed its merger with Blue Owl Technology Finance II. This action increased the portfolio's investments to $12.7 billion at fair value as of June 30, 2025, a 106.8% rise from a year earlier. The number of portfolio companies expanded to 184, now diversified across 37 industries. Technology remains central to its investments, with significant portions in systems software and healthcare technology. New investment commitments surged to $1.47 billion, more than doubling from $820 million in the prior quarter and up from $1.11 billion a year ago. The average investment commitment also grew, rising to $84.3 million from $49.2 million a year earlier. The credit quality of the portfolio remained strong, with investments on non-accrual—meaning loans not currently paying interest—continuing to be less than 0.1% of the portfolio by fair value. This points to very few troubled loans relative to the total, which is notable given the rapid scaling of the loan book and the technology sector's typical risk. On the expense front, total operating costs (GAAP) jumped to $159.0 million from $82.1 million in the prior quarter. The increase stemmed mainly from the larger portfolio after the merger and higher interest and management fees. Net debt-to-equity stood at 0.58x, higher than the prior quarter but still conservative versus management's target leverage range. Liquidity remained healthy, with $170.5 million in cash and $3.3 billion in untapped credit. The company's lending remains anchored in first-lien senior secured loans—these are loans with the highest claim on collateral if a borrower defaults, making up 78.0% of fair value. Floating rate loans, whose yields adjust with interest rates, made up 97.3% of debt investments. Management announced a regular dividend of $0.35 per share and the first of five planned $0.05 per share special dividends for Q3 2025. Together, these bring the annualized dividend yield, based on net asset value as of June 30, 2025, to 9.3%. The company continues to pay regular quarterly dividends and has added a series of special payments to reflect additional distributable income. Looking Ahead: Outlook and Investor Considerations Blue Owl Technology Finance did not provide specific financial guidance for the upcoming quarter or fiscal 2025. Leadership highlighted a strong investment pipeline, ongoing stable credit conditions, and plans to maintain both regular and special dividends as previously announced. Investors may want to focus on the interplay between portfolio yields, expenses, and the deployment of leverage in coming quarters. Expense growth is outpacing revenue quarter-over-quarter, reflecting both merger-related costs and new deal activity. Margin compression—the reduction in earnings per dollar invested—remains an area to watch amid rising competition in the technology lending marketplace. The board recently declared a total dividend of $0.40 per share, continuing its trend of special distribution payments for Q3 2025. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,026%* — a market-crushing outperformance compared to 180% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025
Globe and Mail
2 hours ago
- Globe and Mail
DMG Blockchain Solutions Announces Preliminary July Operational Results, Treasury Update, Launch of Blockseer Explorer
VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for July 2025: During July 2025, DMG's realized hashrate was 1.65 EH/s, up 6% from the 1.56 EH/s reported in June, as the Company was able to make fully operational its hydro infrastructure with 0.4 EH/s hashrate, achieved in the latter part of July. As a result of diligent efforts by its mining staff, the Company was able to overcome the infrastructure contamination issues caused by manufacturer quality control issues. DMG is now observing intraday hashrate fluctuations of less than 1% in its hydro mining segment, even during the warmest part of the summer. The hydro miners are designed to maintain hashrate under higher ambient temperatures, albeit at reduced efficiency, and are performing as expected. Notably, the initial failure rate of the hydro miners has been significantly lower than that of previous generations of air-cooled equipment. The Company has scheduled substation maintenance in August, which is expected to result in three days of downtime, with the possibility of partial shutdowns around that period. DMG does not currently utilize backup power generation for its Bitcoin mining operations, except for its server room. DMG's bitcoin balance was 307 BTC at the end of July. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance. Digital Asset Treasury Update As of the date of this press release, DMG has paid down more than half of its Sygnum Bank loan balance, which was $20.0 million as of its most recently reported financial quarter ending March 31, 2025. In the near-term, DMG anticipates it will increase its bitcoin balance and limit further reductions in its debt. As a bitcoin miner, DMG's cash cost of energy to make bitcoin is well below the market price, which makes its cost of growing its bitcoin balance attractive. The Company continues to explore the development of a broader digital asset portfolio. DMG Launches Blockseer Explorer DMG announces it has relaunched Blockseer Explorer, which is part of DMG Blockchain's digital asset software suite and is a product tailored to a specific and underserved segment of the market: Bitcoin-native operators such as miners and self-custody treasuries. Explorer helps users track wallet activity, set alerts and export concise, spreadsheet-ready transaction data—with no coding, API setup or SQL required. By providing a bitcoin-only, GUI-first and export-friendly solution for wallet monitoring, Blockseer Explorer offers immediate benefit to a wide range of operators who want visibility, not complexity. Blockseer Explorer is available at no cost at About DMG Blockchain Solutions Inc. DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG's carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner. For additional information about DMG Blockchain Solutions and its initiatives, please visit Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights. For further information, please contact: On behalf of the Board of Directors, Sheldon Bennett, CEO & Director Tel: +1 (778) 300-5406 Email: investors@ Web: For Investor Relations: investors@ For Media Inquiries: Chantelle Borrelli Head of Communications chantelle@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG's strategies and plans, increasing the Company's bitcoin balance and limit further reductions in its debt, explore building a broader digital asset portfolio, scheduled substation maintenance in August, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company's products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company's technology and operations, among others, are all forward-looking information. Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG's production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company's filings on In addition, DMG's past financial performance may not be a reliable indicator of future performance. Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.
Globe and Mail
6 hours ago
- Globe and Mail
Expeditors Appoints David A. Hackett as CFO
Expeditors International of Washington, Inc. (NYSE: EXPD) announced the appointment of David A. Hackett on August 4, 2025, as Senior Vice President and Chief Financial Officer, effective October 1, 2025. Hackett has served as Vice President, Finance, since May 2024. On August 4, 2025, Expeditors' current Senior Vice President and Chief Financial Officer, Bradley S. Powell, notified the Board of Directors of his intention to retire, effective September 30, 2025. These announcements demonstrate the company's commitment to succession planning. 'Dave has fully integrated himself into our finance and accounting operations and fits seamlessly with our culture, having worked closely with Brad to learn our services, business model and strategies since joining Expeditors as Vice President of Finance in May 2024,' said Daniel R. Wall, President and Chief Executive Officer. 'Dave also worked directly with our other executives and the Board and traveled to many Districts throughout our global network to learn our operations at the field level and meet with a great many employees. With his wealth of financial capabilities and demonstrated leadership, we are fully confident in Dave's ability to step in as CFO.' Wall added, 'I can't thank Brad enough for his strong hand in overseeing our financial health and growth. Brad built a strong team around him and managed through some of the most difficult events in our company's history, including the 2008 financial crisis and the COVID-19 pandemic. Through it all, Brad has brought unflappable leadership and strategic thinking to the role of Chief Financial Officer. At least as significantly, Brad brought us his unrelenting focus on investing in our people, profitability, and cash flow. Over the past 17 years under Brad, Expeditors has increased its dividend from $0.32 to $1.54 and has returned a total of $12 billion to shareholders through share repurchases and dividends. We all wish Brad the best in a well-deserved retirement.' Upon his appointment, Hackett commented, 'The Expeditors culture is unique, and I appreciate getting to know so many people throughout the organization. I'm humbled and honored to build on Brad's legacy in leading the finance and accounting function as part of the executive team of this great company. I'm also excited to help shape strategy that drives sustainable, profitable, and capital-efficient growth for our employees and shareholders.' Dave Hackett, 52, joined Expeditors in May 2024 as Vice President, Finance. Prior to Expeditors, Hackett served in many roles across finance at NIKE, Inc. for nearly 16 years, with 7 of these years as a vice president in the finance and strategy function as part of the NIKE Corporate Leadership Team. During his time at NIKE, he led external reporting, was Controller of North America and Vice President of Global Treasury and Financial Risk Management. Prior to NIKE, Hackett spent nearly 9 years in the audit function of KPMG where he was a senior manager and led the audit teams for some of the firm's largest public clients in the Pacific Northwest. He also obtained his CPA certification in the state of Oregon in 1998. Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 172 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.
