Interview with David Londoño, President & CEO of Mineros SA

Our previous interview: https://www.cruxinvestor.com/posts/mineros-sa-tsxmsa-leading-gold-producer-in-colombia-with-growth-plan-towards-400000-ozyr-6250

Recording date: 12th May 2025

Mineros SA (TSX: MSA), a Latin America-focused gold producer, is charting a path of disciplined expansion under newly appointed CEO David Londoño, a Colombian mining engineer with over 30 years of industry experience. With operations in Colombia and Nicaragua, the company produces gold through low-cost dredging and underground mining methods, generating $160 million in annual revenue and maintaining a strong cash balance of $81 million. It also rewards shareholders with a stable 10-cent annual dividend.

In Colombia, Mineros uses an environmentally friendly dredging process powered by hydroelectric energy, which allows for simultaneous gold recovery and land reclamation. In Nicaragua, operations are set to expand following the approval of a new mine at Porvenir, which could boost regional output by 50,000–60,000 ounces annually.

A hallmark of Mineros’ strategy is its integration of artisanal miners into the supply chain—an initiative that supports local communities while enhancing the grade of processed ore. With this social license and local expertise, the company is evaluating acquisitions across Latin America, targeting 70,000 to 130,000-ounce-per-year assets that complement its current footprint.

Londoño is focused on margin discipline and performance. “We don’t control the price, but we control the costs and our performance,” he stated. With improved market visibility and a rising share price, Mineros is positioning itself as a cost-effective, socially conscious, and dividend-paying gold producer with room to grow. The company’s strategic focus on value-driven expansion and operational excellence highlights its potential as a standout mid-tier player in the Latin American gold sector.

View Mineros SA's company profile: https://www.cruxinvestor.com/companies/mineros-sa

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