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 almost 50 years Mineros has operated with a focus on safety and sustainability at all its operations.
Cash: USD$27.2M
Debt: USD$29.1M
Major shareholders:
Sun Valley Investments LLC – 24.9%
Negocios y Representaciones – 11.4%
Banderato Corporation – 6.2%
BlackRock Fund Advisors – 3.0%
Mercantil Colpatria SA – 1.7%
Management Ownership – 1%
Financials
Management Profile
Andrés Restrepo, President & CEO, since 2015, is a result-oriented executive and strategic leader who excels in forming high-performance teams with a common objective.
Mr. Restrepo holds a BSc (Production Engineering) from EAFIT University, Colombia and a MC/MPA from the Edward S. Masan Program at Harvard University
Ann Wilkinson, Vice President, Investor Relations, is a seasoned investor relations officer, responsible for the development and execution of investor relations strategy and crisis communications.
Ms Wilkinson holds a BA, Economics from Western University, and a Business Foundations Specialization from The Wharton School
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?
Operational and Corporate Highlights for the six months ended June 30, 2024
Produced 105,444 ounces of gold, 65,641 ounces from our Nicaraguan operations, and 39,803 from our Colombian operations.
Declared US$30.0M in dividends March 26, 2024.
Paid US$7.5M in dividends in each of April, July and October 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