Latest news with #Mineros'
Business Wire
18-07-2025
- Business
- Business Wire
Mineros S.A. Announces Share Repurchase Program in the Colombian Public Market
MEDELLIN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) (' Mineros ' or the ' Company '), a leading gold producer in Latin America, today announced that its Board of Directors has authorized the commencement of a share repurchase program, following the repurchase plan's approval by the General Shareholders' Meeting on March 31, 2025, under which the Company may repurchase common shares of the Company up to the value of US$12 million through the Colombian Stock Exchange (Bolsa de Valores de Colombia, or the ' BVC '). The share repurchase program will remain in effect until March 31, 2027, or when the maximum value of shares has been repurchased, whichever condition is met first, unless extended or terminated earlier by the Company. The repurchases will be made in accordance with applicable Colombian regulations, including those established by the Financial Superintendent of Colombia (Superintendencia Financiera de Colombia), and will be conducted through open market transactions at prevailing market prices. The Company believes that the repurchase of its shares represents an attractive opportunity to deploy capital efficiently and reflects its confidence in the long-term value of Mineros' gold production. Repurchased shares will be held in treasury. 'This share buyback program reflects our continued commitment to delivering value to our shareholders and our confidence in the strength of our balance sheet and future cash flows,' said David Londoño, President and Chief Executive Officer. The timing and amount of any share repurchases will depend on market conditions, share price, and other factors. The Company is under no obligation to repurchase any specific number of shares and may modify, suspend or discontinue the program at any time. ABOUT MINEROS S.A. 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. 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. Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'. Election of Directors – Electoral Quotient System 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 and from SEDAR+ at 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 timing of the commencement of the share buyback, the timing and amount of repurchases of shares; 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. 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. For further information of these and other risk factors, please see the 'Risk Factors' section of the Company's annual information form dated March 25, 2024, available on SEDAR+ at 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. 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.
Business Wire
18-06-2025
- Business
- Business Wire
Mineros Announces Departure of Chief Financial Officer
MEDELLIN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) (' Mineros ' or the ' Company ') announces the departure of Alan Wancier, its Chief Financial Officer, effective June 20, 2025. David Londoño, President and Chief Executive Officer said, 'I want to express my most sincere gratitude for Mr. Wancier's years of hard work and commitment to Mineros, starting in the finance group at our Hemco Property in Nicaragua. His service and leadership to the Company during the past 11 years have been invaluable and he has made many contributions to the development and evolution of Mineros. We wish him every future success.' Sergio Alejandro Chavarria Munera, Mineros' Director of Finance, has agreed to act and will be appointed as Interim Chief Financial Officer while a search is conducted for Mr. Wancier's replacement. Mr. Chavarria has held progressively more senior roles in finance with Mineros since 2018. Before joining Mineros, he was a Senior Audit Officer at Deloitte. Mr. Chavarria holds a Master of Business Administration from EAFIT University, and a degree in economics from the National University of Colombia. ABOUT MINEROS S.A. Mineros is a gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with relatively low-cost mines in Colombia and Nicaragua and a pipeline of development and exploration projects throughout the region. 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 almost 50 years Mineros has operated with a focus on safety and sustainability at all its operations. Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'. Election of Directors – Electoral Quotient System 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 and from SEDAR+ at 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 expected departure timeline and transition for the Chief Financial Officer position, any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements. Forward-looking information is based upon estimates and assumptions of management considering 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. For further information of these and other risk factors, please see the 'Risk Factors' section of the Company's annual information form dated March 25, 2024, available on SEDAR+ at 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. 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.
Business Wire
07-05-2025
- Business
- Business Wire
Mineros S.A. Obtains Key Permit for Underground Mine Construction at Porvenir Project, Nicaragua
MEDELLÍN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX: MSA, MINEROS: CB) ('Mineros' or the 'Company') is pleased to announce that its wholly owned subsidiary, HEMCO Mineros Nicaragua S.A., has obtained the Forest Harvesting Permit that it requires to commence the construction phase for its underground mine at the Porvenir Project. The Porvenir Project is in the community of Vesubio, municipality of Bonanza, within the North Caribbean Coast Autonomous Region (the 'RACCN') of Nicaragua, a region with a rich mining history. This crucial approval marks a significant milestone, enabling the start of mine site preparation and underground development work. It represents a major step towards realizing the Porvenir Project. The approval underscores Mineros' and HEMCO's unwavering commitment to rigorous environmental standards, and transparent community engagement. This permit specifically covers mining activities only and does not constitute an operational permit. Further comprehensive environmental and regulatory permits, including those from the Ministry of the Environment and Natural Resources (MARENA) for plant operations, are required before any processing activities can commence. 'Receiving the permit for construction of the Porvenir underground mine is a major step forward,' said David Londoño, President and CEO of Mineros. 'We appreciate the RACCN's constructive review process and look forward to advancing the project in line with our responsible mining principles.' Project Background and Community Commitment The Bonanza region has a long history associated with mining. Mineros, through HEMCO, has a well-established presence in Nicaragua, operating the nearby Pioneer and Panama mines. The Company is committed to responsible resource development that generates sustainable socio-economic benefits. Throughout the development of the Porvenir Project, Mineros has engaged with local communities and authorities and remains dedicated to environmental stewardship and maximizing local benefits, including employment and procurement opportunities, as the project progresses through construction and towards potential future operations. Next Steps and Future Permitting Following receipt of this permit, Mineros will advance technical studies and detailed planning for the project's operational phase infrastructure. Key next steps include: Progressing Towards Optimized Pre-Feasibility Plan: The Company is actively working on updating the project assumptions, including a geometallurgical update based on the 2023 test work, which is scheduled to be completed by the end of 2025. Final Engineering Designs: Completing and submitting final, detailed engineering designs for essential operational components, such as the beneficiation (processing) plant, the Tailings Storage Facility (TSF), and the Waste Rock Storage Facility (WRSF), to the relevant authorities (including MARENA) as required for subsequent operational permit applications. Operational Permit Applications: Continuing the application processes for all necessary operational permits. Additional Permits Required Before Operation Commercial operation of the Porvenir mine remains contingent upon obtaining several additional permits, including but not limited to: Environmental Permit for Operations (covering Beneficiation Plant, Tailings Storage Facility, Waste Rock Storage Facility, and overall site operations): The application specifically for the Beneficiation Plant and its associated TSF is currently in process with MARENA. Permits covering the waste rock facility and other operational aspects will be sought subsequently. Occupational Health and Safety License: To be secured following the completion of mine and plant construction. Water Development Concession: Requires a completed hydrological study as part of the application. Wastewater Discharge Permit: For managing domestic and industrial effluents according to regulatory standards. This permit framework will ultimately cover tailings management, waste rock management, water use, air quality controls, and concentrate handling/export. QUALIFIED PERSON The scientific and technical information contained in this news release has been reviewed and approved by Luis Fernando Ferreira de Oliveira, MAusIMM CP (Geo), Mineral Resources and Reserves Manager for Mineros S.A., who is a qualified person within the meaning of NI 43-101. ABOUT MINEROS S.A. 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. 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 50 years Mineros has operated with a focus on safety and sustainability at all its operations. Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'. Election of Directors – Electoral Quotient System 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 and from SEDAR+ at Forward-Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information includes statements that use forward-looking terminology such as "may", "could", "would", "will", "should", "intend", "target", "plan", "expect", "estimate", "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, statements with respect to expected applications for and receipt of regulatory approvals, the expected sufficiency of such regulatory approvals to support construction activities at the Porvenir Project, the Company's plans and expectations with respect to the future development of the Porvenir Project and the timing therefor. 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 including, without limitation, assumptions about: favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production and development of the Porvenir Project; future prices of gold and other metal prices; the timing and results of exploration and drilling programs, and technical and economic studies; the development of the Porvenir Project; completion of its drilling programs; the accuracy of any Mineral Reserve and Mineral Resource estimates; the geology of the Porvenir Project being as described in the applicable technical report; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; political and regulatory stability; the receipt of governmental, regulatory and third party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; inflation rates; availability of labour and equipment; and positive relations with local groups. 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. 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 the Company's website at and SEDAR+ at
Business Wire
21-04-2025
- Business
- Business Wire
Mineros S.A. Corrects Record Date for August 2025 Dividend Payment
MEDELLIN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) ('Mineros' or the 'Company') announces a correction to the previously-announced record date for the ordinary dividend to be paid to holders of common shares of Mineros on August 1, 2025. The Company's press release of April 1, 2025, incorrectly disclosed the Canadian record date for the August dividend payment as July 24, 2025. The correct record date is July 25, 2025. The previously disclosed record dates for the May, November and February dividend payments remain unchanged. About Mineros S.A. 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 throughout the region. 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 almost 50 years Mineros has operated with a focus on safety and sustainability at all its operations. Mineros' common shares are listed on the Toronto Stock Exchange under the symbol 'MSA', and on the Colombia Stock Exchange under the symbol 'MINEROS'. Election of Directors – Electoral Quotient System 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 and from SEDAR+ at Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information may relate to the Company's future financial outlook and anticipated events or results and may include information regarding the Company's financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Forward-looking information includes statements that use forward-looking terminology such as 'may', 'could', 'would', 'will', 'should', 'intend', 'target', 'plan', 'expect', 'estimate', '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, statements with respect to the timing and payment of dividends. Forward-looking information is based upon estimates and assumptions of management in light of management's experience and perception of current conditions and expected developments, as well as other factors, as of the date of this news release. While management considers these assumptions to be reasonable, many of these 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. 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. These risk factors specifically include, without limitation, changes in market conditions, gold prices, currency fluctuations, operating risks, and the additional risks described in the ''Risk Factors' sections of the Company's most recent annual information form, available on SEDAR+ at The Company cautions that the foregoing lists of important assumptions and factors that may affect future results 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. 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. 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.
