MINEROS: CB - MSA: TSX Bandera de Chile Bandera de Colombia Bandera de Nicaragua

News Releases

Q1 2024 Press Release
May, 9

Q1 2024 Press Release

Medellin, Colombia – May 9, 2024 – Mineros S.A. (TSX:MSA, MINEROS:CB) (“Mineros” or the “Company”) today reported its financial and operating results for the three months ended March 31, 2024. For further information, please see the Company’s unaudited condensed interim financial statements and management’s discussion and analysis filed under its Mineros’ profile on www.sedarplus.com.

Andrés Restrepo, President and Chief Executive Officer of Mineros, commented: “We had a strong first quarter from both a financial and an operating perspective. Our cash cost and all in sustaining costs were at the lower end of guidance for our operations. Our gold production from Company owned mines was largely as expected and we processed more artisanal material in Nicaragua showing the tremendous flexibility of our operations to compensate for unanticipated downtime in our processing plant at our Hemco operations. We’re pleased with our progress in 2024 and are maintaining our cost and production guidance.”

On September 21, 2023, Mineros sold all of the outstanding share capital of Mineros’ subsidiary, Minas Argentinas S.A., which holds a 100% interest in the Gualcamayo Property in Argentina, to Eris LLC. Accordingly, the financial and operating results of the Company herein are presented for continuing operations comprising the Hemco Property and the Nechí Alluvial Property and omit the discontinued operations composed of the Gualcamayo Project. Certain results set out below have been restated to reflect only the continuing operations of the Company by removing amounts pertaining to the discontinued operations from previous totals. These restatements are reflected in all first quarter 2023 results in order to more appropriately compare the results from the first quarter of 2024 with the first quarter of 2023.

To view the complete report, click here.

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Mineros S.A. subsidiaries