Mineros will focus in 2026 on expanding its growth capital in Nicaragua: this is its bet
84% of Mineros' growth will be for Nicaragua. Photo: Mineros SA
TL;DR
- Mineros will direct 84% of its growth capital to Nicaragua for 2026 projections.
- A $23 million project will expand Hemco's processing capacity from 1,800 to 2,500 tpd.
- The company is considering the strategic installation of a 1,000 tpd mill from its asset inventory.
- Estimated consolidated gold production for 2026 is between 213,000 and 233,000 ounces, an increase of about 10,000 ounces from 2025 estimates.
- Investment priorities are brownfield projects and operational efficiencies to maximize free cash flow.
- The Porvenir Project is advancing through final permitting and technical optimization, with a NI 43-101 technical report update for Hemco expected by the end of Q1 2026.
- Mineros' exploration program, budgeted at approximately $17.3 million, includes 95,000 meters of drilling in 2026, with a focus on Hemco, Nicaragua.