Mineros Ramps Up Nicaragua Expansion With Higher Throughput and Record Drilling

Mineros SA ( (TSE:MSA) ) has shared an announcement.

Mineros S.A. reports substantial progress on its Nicaragua expansion, having raised throughput at the Hemco processing plant to a sustained 2,000 tonnes per day, with milestones of 2,200 tpd by June 2026 and 2,500 tpd by year-end, while maintaining budget and environmental compliance. The company has boosted metallurgical recoveries above 90% for gold, is evaluating an additional 1,000 tpd mill circuit, and expects higher throughput and stockpiled ore from the Panama and Pioneer mines to restore economies of scale and reduce unit operating costs over the medium term.

To support growth, Mineros is strengthening its Bonanza Mining Partners model with a new ore staging “Patio” in Rosita that already adds about 200 tpd to Hemco and could see higher volumes under current gold prices. The company has also launched a record 75,000-metre drilling campaign using its own rigs to cut costs, aiming to extend mine lives, advance the Porvenir project, and unlock new high-grade targets across its Nicaraguan portfolio, with an updated technical report on Porvenir and Hemco expected by the end of March 2026.

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 Latin American precious metals producer with a long-standing presence in Nicaragua’s Autonomous Region of the North Caribbean Coast, one of Central America’s most prolific gold belts. Through its Hemco operation, the company benefits from an experienced local workforce, strong community ties, and diversified power that includes company-owned hydroelectric generation.

Average Trading Volume: 325,715

Technical Sentiment Signal: Hold

Current Market Cap: C$2.15B

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