Mineros S.A.
Primary tickers: TSX:MSA, MINEROS:CB
Stage of development: Exploration, Development, Production
Primary mineral: Gold
Projects to promote: Nechi Alluvial and Hemco
Project locations: Colombia and Nicaragua
Website: www.mineros.com.co
Corporate video: Click here
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 over 50 years Mineros has operated with a focus on safety and sustainability at all its operations.
Cash: USD$96.4M
Debt: USD$25.9M
Major shareholders:
Sun Valley Investments LLC – 56.9%
Corporacion Financiera Colombiana S.A. 8.0%
Negocios y Representaciones S.A.S. – 2.0%
Fondo Bursatil Horizons Colombia – 1.9%
Management Ownership – 1%
Financials
Management Profile
David Londoño, President & CEO
David has 35 years experience in mining. David has held technical, operational and management positions in international companies such as OceanaGold, Kirkland Lake Gold, AngloGold Ashanti and Barrick.
He holds a Bachelor of Science, Mine Engineering, Universidad Nacional de Colombia, a Master of Science in Earth and Systems Engineering, Colorado School of Mines and an MBA, Regis University.
Ann Wilkinson, Vice President, Investor Relations
Ann is a seasoned investor relations officer, responsible for the development and execution of investor relations strategy.
She holds a BA, Economics, Western University, and a Business Foundations Specialization from Wharton.
What is your rationale for taking part 121 Mining Investment?
Mineros is a gold producer with operations in two countries (Colombia and Nicaragua). The Company has been listed on the Colombia Stock Exchange since 1982, and the Toronto Stock Exchange (TSX) since 2021.
Mineros is looking to raise its profile on the TSX and introduce itself to institutional investors.
What recent news would you like to highlight to investors attending?
For the year ended December 31, 2024:
Produced 213,245 ounces of gold;
Record revenue of $538,566;
Record net profit of $86,552;
Earnings per share of $0.29 (basic and diluted earnings from continuing operations);
Average realized price per ounce of gold sold of $2,387;
Cash Cost per ounce of gold sold from continuing operations of $1,282;
AISC per ounce of gold sold from continuing operations of $1,551;
Net cash flows generated by operating activities of $144,192;
Net free cash flow of $86,807; and
Paid $27,663 of dividends.
Average realized price per ounce of gold sold, Cash Cost per ounce of gold from continuing operations, AISC per ounce of gold sold from continuing operations, and net free cash flow are non-IFRS financial measures, with no standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other publicly traded gold producers. For further information and detailed reconciliations to the most directly comparable IFRS measures, see “Non-IFRS and Other Financial Measures” in the MD&A for the three months and year ended December 31, 2024.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Identify potential acquisitions
6 Months:
Hemco Project Update and Development
12 Months:
Acquire additional near-term development or producing assets
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Overcoming the perception of country risk
What do you think makes your company such a compelling investment?
Wildly undervalued relative to TSX peer group
What are the top 3 key investor takeaways?
1) Mineros is an established gold producer with strong financial position and dividend payment.
2) Management team experienced in building and operating mines throughout Latin America,
3) Solid pipeline of organic growth opportunities