The earnings call presented a strong financial performance with record net income and revenue growth driven by higher gold prices and increased production. However, challenges such as increased cost of sales and a decline in production in Nicaragua were acknowledged. Overall, the positive aspects of financial growth and strategic acquisitions outweigh the concerns, indicating a positive sentiment.

Company Guidance

During the third quarter of 2025, Mineros reported a gold production of 163,000 ounces for the first nine months, marking a 2.5% increase from the previous year's 159,000 ounces. The company achieved a record net income of $50 million for the quarter and a cumulative net income of $136 million year-to-date. Revenue grew by 39% to reach $196 million, driven by a 40% increase in the average realized gold price, contributing to a 49% rise in gross profit to $82 million. Net free cash flow was approximately $63 million in the third quarter and $106 million year-to-date. The company also completed a share buyback program involving 3.9 million shares at COP 12,000 each. Additionally, Mineros acquired 80% of the La Pepa project from Pan American Silver Corporation for $40 million, granting full ownership of the gold exploration asset in Chile. The company's adjusted EBITDA rose by 59% to $244 million, and the net income saw a 114% increase from $63.4 million in the same period of 2024. The cash cost increased by 38% and the All-In Sustaining Cost (AISC) rose by 34%, largely due to higher costs associated with artisanal mining in Nicaragua.

Record Net Income

The company reported a record net income of $50 million for the third quarter and an accumulated net income of $136 million for the first nine months of 2025, representing 114% growth compared to $63.4 million in the same period of 2024.

Significant Revenue Growth

Revenue grew by 39% in the third quarter, reaching a record figure of $196 million, driven by a 40% increase in the average realized gold price.

Increased Gold Production

Gold production increased by 2.5% to 163,000 ounces in the first nine months of 2025 compared to the same period in 2024.

Successful Share Buyback Program

Completed a share buyback program, repurchasing a total of 3.9 million shares at COP 12,000, concluding on September 12.

Acquisition of La Pepa Project

Acquired 80% of the La Pepa project for $40 million, resulting in 100% ownership of the gold exploration asset in Chile.

Cash Flow Growth

Generated positive free cash flow of $62 million in the third quarter and a total of $106 million for the first nine months of 2025.

Adjusted EBITDA Growth

Adjusted EBITDA increased by 59% to $244 million for the first nine months of 2025.

Mineros SA (TSE:MSA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:MSA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 23, 2026	2025 (Q4)	0.20 / -	0.114	―	―	―
Nov 05, 2025	2025 (Q3)	0.08 / 0.25	0.14	81.43% (+0.11)	―	―
Aug 12, 2025	2025 (Q2)	0.10 / 0.21	0.082	151.22% (+0.12)	―	―
May 08, 2025	2025 (Q1)	- / 0.18	0.082	120.73% (+0.10)	―	―
Feb 14, 2025	2024 (Q4)	- / 0.11	0.108	5.56% (<+0.01)	―	―
Nov 13, 2024	2024 (Q3)	- / 0.14	0.055	154.55% (+0.09)	―	―
Aug 14, 2024	2024 (Q2)	- / 0.08	0.053	54.72% (+0.03)	―	―
May 09, 2024	2024 (Q1)	- / 0.08	0.067	22.39% (+0.01)	―	―
Feb 15, 2024	2023 (Q4)	- / 0.11	-0.094	214.89% (+0.20)	―	―
Nov 09, 2023	2023 (Q3)	- / 0.06	0.013	323.08% (+0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:MSA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 05, 2025	C$4.68	C$5.02	+7.26%
Aug 12, 2025	C$2.66	C$2.83	+6.39%
May 08, 2025	C$2.05	C$2.35	+14.63%
Feb 14, 2025	C$2.12	C$1.79	-15.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mineros SA (TSE:MSA) report earnings?

Mineros SA (TSE:MSA) is schdueled to report earning on Feb 23, 2026, TBA (Confirmed).

What is Mineros SA (TSE:MSA) earnings time?

Mineros SA (TSE:MSA) earnings time is at Feb 23, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:MSA EPS forecast?

TSE:MSA EPS forecast for the fiscal quarter 2025 (Q4) is 0.2.

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