Mineros Reports Strong Q2 2026 Sales of 61,849 Gold Equivalent Ounces; Revises Full-Year Guidance to 220,000 - 240,000 Ounces

Mineros S.A. reported second-quarter 2026 gold sales of 59,639 ounces, an 11% increase year-over-year, while gold-equivalent sales reached 61,849 ounces, up 13% from the prior year. Silver sales at Hemco more than doubled during the period.

The company raised its full-year 2026 consolidated gold production guidance to 220,000 – 240,000 ounces, up from the previous range of 213,000 – 233,000 ounces. Hemco’s gold production guidance was lifted to 137,000 – 147,000 ounces, compared to the prior 130,000 – 140,000 ounces, while Nechí guidance remained unchanged at 83,000 – 93,000 ounces.

Consolidated cash cost guidance remained unchanged at $2,070 – $2,170/oz, with all-in sustaining costs (AISC) held at $2,370 – $2,470/oz. Hemco AISC was guided at $2,000 – $2,100/oz, and Nechí company-owned dredges AISC was guided at $1,820 – $1,920/oz. The company used a gold price assumption of $4,405/oz.

Mineros S.A. raised its production guidance by 7,000 oz at both the low and high ends, representing increases of 3.2% and 3.0% respectively. Cost guidance remained unchanged.

Second-quarter sales of gold-equivalent (AuEq) ounces rose 13%, a gain largely anticipated following strong first-quarter performance and management’s prior statement that the company was operating at the top end of its guidance. H1 AuEq sales of approximately 122,634 oz annualize to roughly 245,000 oz, exceeding the new high-end guidance of 240,000 oz. This implies a significant slowdown in the second half, which management appears to be incorporating into its outlook.

The company reported no new developments regarding capital allocation, costs, or its balance sheet. The market had already reflected operational strength, with the stock rising approximately 24% from May lows to C$6.65 on July 6, retracing most of the spring pull-back.

Mineros S.A. is a Colombian-headquartered gold producer with over 51 years of operating history. The company operates two primary producing assets: the Nechí alluvial property in Colombia, which utilizes bucket-line and suction dredges along with the Aurora floating plant, and the Hemco property in Nicaragua. The Hemco operation includes underground mines at Panama and Pioneer, the Porvenir development project, and ore purchases from Bonanza Mining Partners.

Mineros also holds the 100%-owned La Pepa project in Chile and the recently acquired Cajamarca/Tolima exploration project in Colombia, which contains a historical gold resource that has not yet been verified. The company is listed on the TSX, BVC, and OTCQX.