Mineros S.A. (MINEROS) Earnings Call Transcripts

Mineros S.A.'s Latest Earnings Call - March 27, 2026

In the fiscal year 2025, Mineros S.A. reported record revenues of COP 3.2 trillion (approximately $800 million), a 46% increase year-over-year, alongside a net profit of COP 594 billion, up 68% from the previous year. The company exceeded its production guidance with 227,000 ounces of equivalent gold produced. Management announced a dividend distribution of COP 121 billion and a share buyback program of COP 47 billion, signaling a commitment to returning value to shareholders. However, the dividend per share remains unchanged at $0.10, which has raised concerns among shareholders about the adequacy of returns given the significant profit increase.

Reported metrics

Guidance from management

For 2026, management expects production to reach 233,000 ounces and has set all-in sustaining costs between $2,370 and $2,470 per ounce. They are focused on improving operational efficiencies and maintaining profitability despite rising costs.

What management said

We also welcome those that right now are listening through YouTube and watching through the YouTube channel, we will be starting momentarily. Very well. So we will begin our assembly. First of all, we invite you to look at the following video that summarizes what -- welcome -- what Mineros as a company. [Presentation]

Good morning, shareholders. First of all, receive or cordial welcome and also to express my pleasure to have you all attending in these general holders assembly to look at exercise 2025 -- fiscal year 2025. I am Agusto López Valencia, the Chairman of the Board. I have here with me, Daniel Villamil, the CEO of the company, Mr. Sergio Chavarria, Vice President of Financial, CFO and administration; and Dr. who is the...

What analysts pressed on

Analysts expressed concerns over the unchanged dividend despite record profits, questioning the adequacy of returns to shareholders. There were also discussions about the timing and pricing of the share buyback program, with some shareholders advocating for clearer terms and conditions.

Main topics on the call

• Record Revenue and Profit — Mineros achieved record revenues of COP 3.2 trillion and net profits of COP 594 billion in 2025, representing increases of 46% and 68% respectively. Management attributed this success to higher gold prices and increased ...
• Dividend Distribution — The company proposed a dividend distribution of COP 121 billion, maintaining the dividend per share at $0.10 despite significant profit growth. This decision has drawn criticism from shareholders, with one stating, "The ...
• Share Buyback Program — A share buyback program of COP 47 billion was approved, which management believes will enhance shareholder value. The CEO noted, "The buyback mechanism is equivalent to dividends and brings additional benefits of tax nat...
• Operational Efficiency and Production Growth — Management highlighted operational improvements, including increased recovery rates and production capacity. The CEO stated, "We are increasing recovery levels in our plants in Colombia, Nicaragua... from 87% to 90% plus...

Read the full Mineros S.A. transcript (March 27, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Mineros S.A. earnings call transcripts on record, spanning February 21, 2023 to August 6, 2026. Based on this history, Mineros S.A. reports semi-annually. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

MINEROS

Exchange

BVC

Country

CO

Sector

Materials

Industry

Metals and Mining

Calls on record

11

First call

February 21, 2023

Most recent

August 6, 2026

Reporting cadence

semi-annually