Mineros Sets 2026 Gold Output Growth and Commits Over US$113 Million to Expansion

Mineros SA ( (TSE:MSA) ) has provided an update.

Mineros S.A. has issued 2026 production and cost guidance that targets consolidated gold output of 213,000 to 233,000 ounces, about 10,000 ounces above its 2025 guidance, reflecting a pivot toward “quick-return” ounces from brownfield projects and efficiency gains to maximize free cash flow. The company expects solid contributions from its Hemco operation in Nicaragua, with 130,000–140,000 ounces and strong AISC margins from Bonanza Mining Partners, and steady output of 83,000–93,000 ounces from the Nechí mine in Colombia, supported by disciplined cost control. The 2026 capital budget of US$113.7 million prioritizes growth at Hemco—including a major plant expansion from 1,800 to 2,500 tpd and potential installation of an additional 1,000 tpd mill—along with technical studies for the Porvenir project in Nicaragua and La Pepa in Chile, as well as sustaining and exploration spending, positioning the company for multi-year production growth and enhanced long-term scalability.

The most recent analyst rating on (TSE:MSA) stock is a Buy with a C$7.00 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 focused primarily on gold, with core operations at the Nechí Property in Colombia and the Hemco Property in Nicaragua. Listed in Canada, the United States, and Colombia, the company concentrates on brownfield development, operational efficiencies, and selective expansion projects, targeting higher-margin production and cash flow generation within a robust gold price environment.

Average Trading Volume: 350,440

Technical Sentiment Signal: Hold

Current Market Cap: C$2.06B

Learn more about MSA stock on TipRanks’ Stock Analysis page.