Mineros S.A. Adopts Strategic Gold Reserve Policy

Mineros S.A. has adopted a formal Strategic Gold Reserve Policy, designating physical gold bullion as a core treasury asset. The policy aims to preserve shareholder exposure to gold and hedge against monetary erosion, aligning the company's treasury with its primary product.

New non-IFRS financial measures are introduced, including a "Strategic Liquidity Position" defined as cash plus physical gold bullion, and an updated Net Free Cash Flow definition. Beginning with Q2 2026 financials, the cash flow statement will include a subtotal for "operating cash flows before strategic gold purchases" to isolate recurring operating performance from treasury allocation decisions.

Physical gold will be held with reputable institutional custodians and managed under a newly established Investment Committee with quantitative risk limits. Accounting treatment classifies physical gold bullion as inventory (IAS 2) at the lower of cost and net realizable value, while gold-linked derivatives are measured at fair value through profit or loss (IFRS 9).

Mineros S.A. (MSA) has adopted a Strategic Gold Reserve Policy, a move that serves as a treasury and accounting realignment rather than an operational or financial performance driver. This decision formalizes a trend initiated in Q1 2026, during which the company accumulated $173 million in gold-backed assets. The change does not alter production volumes, cost structures, or valuation multiples.

Mineros S.A. is a Latin American gold mining company headquartered in Medellín, Colombia. The company operates producing assets at the Nechí Alluvial Property in Colombia and the Hemco Property in Nicaragua. Its growth and exploration portfolio includes the Porvenir project in Nicaragua, La Pepa in Chile, and Cajamarca in Colombia. Mineros S.A. is listed on the Toronto Stock Exchange under the ticker MSA, the Colombian Stock Exchange under MINEROS, and the OTCQX under MNSAF. The company’s business model focuses on growth-oriented expansion as a mid-tier producer, leveraging high-grade assets, strategic partnerships, and a strong balance sheet to fund both organic and inorganic growth.