MINEROS: CB - MSA: TSX Bandera de Chile Bandera de Colombia Bandera de Nicaragua
es-ESen-US

Our Operations

Nechí Alluvial Property - Colombia

Long History of Efficient, Profitable & Reliable Production.
Asset Description

  • Operations centred near the town of El Bagre, 190 km north of Medellín, Colombia with an excess of +10 years of reserves based on LOM plan.

  • 49-years dredging experience of well-understood, efficient, profitable and reliable production with suction and bucket dredges similar to mineral sands operation.

  • Alluvial Au deposits mined from closed ponds in the floodplain adjacent to the Nechí River as free Au is hosted in sand and gravels with no use of cyanide and mercury as the Au recovery process is done through only gravity turned.

2018 to 2023E Au Production
Nicaragua Hemco Gráfica 1
2018 to 2023E AISC per ounce of gold sold
Nechí Alluvial Colombia Gráfico 2

  1. Includes production from the La Yé underground mine of 17 koz (2018), 16 koz (2019), and 7 koz (2020); the La Yé underground mine was sold in 2020 and effective control of operations passed to the new owners on or about May 31, 2020.

  2. AISC per ounce of gold sold is a non-IFRS ratio, with no standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. For further information, including reconciliations to the nearest IFRS measures, see “Non-IFRS Measures” in the MD&A for the applicable year.

Alluvial Process Life-Cycle

Alluvial mining is well-understood, reliable, low-cost, and efficient
Exploration

  1. Drill to find gold-bearing coarse gravel.

Nechí Alluvial Colombia Imágen 1
Production

  1. Closed ponds (not in river).

  2. Store organics for rehab.

  3. Store gravel for rehab.

  4. Re-profile for closure.

Nechí Alluvial Colombia Imágen 2
Closure & Rehab

  1. Wetlands.

  2. Small holdings.

  3. Beekeeping.

  4. Reforestation.

  5. Crops.

  6. Pisciculture.

Nechí Alluvial Colombia Imágen 3

Video

Hemco Property – Nicaragua

Two Operations in One: Panama, Pioneer & Third-Party Ore Suppliers.
Asset Description

  • Operations are near the town of Bonanza in Nicaragua’s “Golden Triangle”, 230 km northeast of Managua that produces from two underground mines.

  • Production is sourced from two producing underground mines (Panama and Pioneer), as well as processing of ore purchased from third party artisanal miners.

  • Innovative arrangement with third-party artisanal miners have helped increase annual Au production from the Hemco Property from 60 koz in 2013 to 133 koz in 2022.

  • Near-term production growth from the new Porvenir satellite deposits that is expected to start in 2027 adding 44.7 koz of Au, 89 koz of Ag and 28 Mlb of Zn per year that extends the Hemco Property mine life to 13 years.

2018 to 2023E Au Production
Nicaragua Hemco Gráfica 1
2018 to 2023E Historical AISC
Nicaragua Hemco Gráfica 2

  1. Approx. 29% of 2023 Guidance attributable to underground production and 71% attributable to production from mineralized material purchased from artisanal miners.

  2. AISC per ounce of gold sold is a non-IFRS ratio, with no standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. For further information, including reconciliations to the nearest IFRS measures, see “Non-IFRS Measures” in the MD&A for the applicable year.

    3. Fuente: Mineros S.A.

Nicaragua: Artisanal Miners & Co-Op

Mineros is committed to the community and the country of Nicaragua.
The Bonanza Model & CMMA
El Modelo Bonanza & CMMA
Bonanza Model Strategy Pillars
The collective groups and co-ops are regulated by Municipal Commission of Artisanal Mining (CMMA).

  1. 1

    Responsible Mining with the Environment.

  2. 2

    Mining with Safe, Reliable & Competitive Practices.

  3. 3

    Mining with Certifiable Resources & Processes.

  4. 4

    Efficient & Profitable Mining Production.

  5. 5

    Legal & Organisational Stability.

  6. 6

    Coexistence Mining with the Surrounding Industries.

  7. 7

    Mining that Promotes Economic & Social Growth.

Video

Technical report

Qualified Person

The scientific and technical information relating to Mineros’ properties contained on this website has been reviewed and approved by Jorge Aceituno, a Registered Member of the Chilean Mining Commission, the Resources and Reserves Planning Manager for Mineros S.A. and a qualified person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”).

Technical disclosure regarding the Nechi Alluvial Property, including references to resources and reserves, is supported by the NI 43-101 compliant Technical Report entitled Technical Report on the Nechí Alluvial Gold Mineral Resource and Mineral Reserves Estimates, Antioquia Department, Colombia Report for NI 43-101, with an effective date of September 15, 2021, prepared by Luke Evans, M.Sc. P.Eng. Principal Geologist, SLR Consulting (Canada) Ltd, Richard E. Routledge, M.Sc. (Applied), P.Geo. Associate Principal Geologist SLR Consulting (Canada) Ltd; Ian Weir, P.Eng. Senior Mining Engineer, SLR Consulting (Canada) Ltd; Holger Krutzelmann, P. Eng. Associate Principal Metallurgist, SLR Consulting (Canada) Ltd; Gerd Wiatzka, P.Eng. Consulting Civil/Environmental Engineer, Principal, Vice President and Director Mining of Arcadis Canada Inc.

Technical disclosure regarding the Hemco Property, including references to resources and reserves, is supported by the NI 43-101 compliant Technical Report entitled Technical Report on the Hemco Property, Región Autónoma de la Costa Caribe Norte, Nicaragua Report for NI 43-101, with an effective date of September 15, 2021, prepared by Sean Horan, P.Geo. Principal Geologist and Geostatistician, SLR Consulting (Canada) Ltd ; Martin Orozco, P.Geo. Principal Geologist SLR Consulting (Canada) Ltd; Jason J. Cox, P.Eng. Principal Mining Engineer SLR Consulting (Canada) Ltd ; Varun Bhundhoo, ing.Project Mining Engineer SLR Consulting (Canada) Ltd ; Holger Krutzelmann, P. Eng. Associate Principal Metallurgist SLR Consulting (Canada) Ltd; Gerd Wiatzka, P.Eng. Consulting Civil/Environmental Engineer Principal, Vice President and Director Mining of Arcadis Canada Inc.

Filiales Mineros S.A.