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Mineros SA ( (TSE:MSA) ) just unveiled an update.
Mineros S.A. has released an updated prefeasibility study for its 100%-owned Porvenir polymetallic project in Nicaragua’s Hemco Property, confirming it as a high-margin, stand-alone underground mine. The study also incorporates updated mineral resource and reserve estimates for the producing Panama and Pioneer mines, underscoring the long-term production base in the area.
The Porvenir project shows robust economics, with an after-tax NPV5% of $460 million, a 37.9% IRR, a projected two-year payback period, and initial capital costs of $206.8 million. Over its first nine full production years, Porvenir is expected to deliver average annual sales of 72,300 ounces of gold equivalent alongside significant silver, zinc, and copper volumes, supported by a 2,000 tpd processing plant using flotation and cyanidation.
Updated reserves at Porvenir total 6.48 million tonnes at 3.53 g/t gold equivalent, containing 736,000 ounces of gold equivalent plus substantial silver, zinc, and copper, reinforcing the scale and quality of the ore body. Management highlights that Porvenir anchors a wider polymetallic district including the Guillermina, Leticia, and San Antonio deposits, with shared infrastructure expected to enhance scalability and potential future growth in Mineros’ Nicaraguan operations.
The most recent analyst rating on (TSE:MSA) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Mineros SA stock, see the TSE:MSA Stock Forecast page.
More about Mineros SA
Mineros S.A. is a precious and base metals producer with operations on the Hemco Property in northeastern Nicaragua, where it runs the Panama and Pioneer mines. The company focuses on underground mining and processing of gold and associated polymetallic mineralization, and is positioning the Porvenir project as the core asset in a broader emerging polymetallic district on this land package.
Average Trading Volume: 375,397
Technical Sentiment Signal: Buy
Current Market Cap: C$1.34B
For an in-depth examination of MSA stock, go to TipRanks’ Overview page.