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, Nicaragua and Argentina 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$47M
Debt: USD$47M

Major shareholders:
Grupo Colpatria – 30.4%
Negocios Y Representaciones – 11.3%
Corporacion FInanciancera Colombiana S.A. – 8.0%
Vasquez Merchan y Cia SCA – 3.0%
Fondo Bursátil Ishares Colcap – 2.9%
Management Ownership – 1%

Financials

Management Profile

Andrés Restrepo Isaza – President and CEO

Andrés is a production engineer with extensive management experience in mining, construction and telecommunications. He has held the role of President and CEO of Mineros S.A. since 2015 and holds a Master in Public Administration from Harvard University.

What is your rationale for taking part 121 Mining Investment?

Mineros is a gold producer with operations in three countries (Colombia, Nicaragua and Argentina). 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?

Nov. 19, 2021 – Mineros Begins Trading On The Toronto Stock Exchange Closes $20m Initial Public Offering In Canada And $11.5m Offering In Colombia
Nov. 25, 2021 – Mineros Announces Exercise Of Over-Allotment Option In Connection With Its Initial Public Offering In Canada
Feb. 16, 2022 – Mineros Delivers on 2021 Production Guidance and Announces 2022 Guidance
Mar. 30, 2022 – Mineros Releases 2021 Sustainability Report
March 16, 2023 – Mineros announces positive pre-feasability study results for its Porvenir Project in Nicaragua, increasing the life of mine of the Hemco Property from five to thirteen years.
Apr. 1, 2023 – Mineros Announces Results of Ordinary Meeting of General Shareholders Assembly, 2023 Dividends, and Filing of Annual Information Form

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Near Targets Exploration

6 Months:
Hemco Project Update and Development

12 Months:
Mineral Reserves and Mineral Resources Update

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?

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