Mineros to Buy Major Tolima Gold Exploration Project From AngloGold Ashanti

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

Mineros S.A. has agreed to acquire a 100% interest in a gold exploration project in Colombia’s Tolima department from a subsidiary of AngloGold Ashanti, gaining control of the EIG-163 concession near Cajamarca on a cash‑free, debt‑free basis. The deal includes $10 million payable at closing plus up to $60 million in contingent payments tied to future permitted ore tonnage, and is expected to close in the first quarter of 2026, subject to customary conditions.

The company plans to distance the project from its historical La Colosa identity by working with local stakeholders to select a new name and define a development approach anchored in environmental stewardship and social responsibility. Mineros stresses that any future advancement of this large, but still exploration‑stage gold system will depend on regulatory clarity, environmental approvals, and meaningful community consent, highlighting both the project’s strategic potential and its permitting and social‑license risks.

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 leading Latin American gold mining company headquartered in Medellín, Colombia, with a diversified portfolio of operating assets in Colombia and Nicaragua. The company also maintains a pipeline of development and exploration projects across the region, including the La Pepa project in Chile, underscoring its regional growth ambitions in the gold sector.

Average Trading Volume: 346,393

Technical Sentiment Signal: Buy

Current Market Cap: C$1.76B

For detailed information about MSA stock, go to TipRanks’ Stock Analysis page.