Mineros S.A. Reports Significant 2025 Drill Results in Nicaragua; Confirms High-Grade Discovery at a New Target and Potential Expansion of the District
Mineros Unlocks High-Grade Nicaragua Targets as Record 2025 Cash Flow Fuels Aggressive 2026 Expansion
The most recent news (February 27, 2026) details the conclusion of the 2025 diamond drilling campaign at the Hemco Property in Nicaragua. The company completed 52,214 metres, successfully identifying new mineralized structures and extending known systems. Key highlights include high-grade intercepts at the Momotombo target (e.g., 2.90m @ 68.42 g/t Au) and the Leticia system (3.70m @ 36.58 g/t Au). These results confirm continuity within active mining blocks at the Pioneer Mine and extend mineralization at the Panamá Mine. This follows the February 18 report of record FY 2025 financial results, including $800M in revenue and $145M in net profit.
The drilling results are Routine - Positive. While the grades are exceptionally high, they represent the successful execution of a previously announced 2025 exploration program and serve to replace depleted reserves in an active mining district. The impact is material in that it supports the "Resource-to-Reserve" conversion necessary to sustain the Hemco operations, but it is not a "Game Changer" as these targets were already part of the known Hemco/Porvenir complex.
The broader context of the recent news cycle shows a company aggressively cleaning up its balance sheet and corporate structure: - Financial Strength: Record EBITDA of $358M in 2025 provides the "dry powder" for the $114M 2026 CapEx budget. - Legacy Cleanup: The $49.3M settlement with Nicaraguan tax authorities and the $40M acquisition of the remaining 80% of La Pepa remove significant overhangs. - Market Access: Achieving DTC eligibility and joining the S&P/TSX Global Mining Index improves liquidity for North American investors.
Mineros S.A. is a Latin American gold producer with two primary assets: - Nechí Alluvial Property (Colombia): A long-life (12+ years) alluvial operation using dredges. It is a low-cost, steady producer. - Hemco Property (Nicaragua): The current growth engine, consisting of the Panama and Pioneer underground mines and a significant "Bonanza" artisanal mining partnership. - La Pepa (Chile): A 100%-owned exploration project in the Maricunga Gold Belt with >2Moz Au in resources.