Denver Gold GroupIndependent since 1989

Presented at Mining Forum Europe 2026

Mineros S.A.

  • TSX:MSA
  • Producer
  • Gold
  • Silver
  • Medellin, Colombia

Company profile

Mineros is a leading Latin American gold mining company headquartered in Medellín, Colombia. The Company operates a diversified portfolio of assets in Colombia and Nicaragua, and maintains a pipeline of development and exploration projects across the region, including the La Pepa Project in Chile and Tolima in Colombia. In 2025 Mineros produced 227,000 AuEq and expects to produce between 220,000 and 240,000 ounces of gold in 2026. Mineros is developing a path to producing >300,000 ounces of gold per annum in the short to medium term with the ultimate goal of becoming a 500,000 + gold ounce producer per year. With more than 50 years of operating history, Mineros maintains a longstanding focus on safety, sustainability, and disciplined capital allocation. Its common shares are listed on the Toronto Stock Exchange (MSA) and the Colombian Stock Exchange (MINEROS), and trade on the OTCQX® Best Market under the symbol MNSAF.

At Mining Forum Europe

Presented in Zürich in 2026

Tuesday, 14 April 2026, 2:50 PM · Ballroom 2

Presented by Daniel Henao
President & Chief Executive Officer

Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.

Peer groupthe five most similar Denver Gold Group members, 1 = most similar

RankCompanyStageMineralsPrimary operationsMarket cap2025 productionReservesMatch by factor
This companyMineros S.A.TSX:MSAProducerGold, SilverColombia$1.9B226 koz2.1 Moz
1Aris MiningTSX:ARISProducerGoldColombia$4.0B257 koz9.3 Moz
2KingsgateASX:KCNProducerGold, SilverThailand$998M80 koz1.5 Moz
3Fortuna Mining Corp.TSX:FVIProducerGold, SilverIvory Coast$3.5B317 koz3.1 Moz
4DRDGOLDJSX:DRDProducerGold, SilverSouth Africa$2.3B155.288 koz5.85 Moz
5Hochschild Mining plcLSE:HOCProducerGold, SilverPeru$4.1B318.5 koz2.6 Moz

close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.

Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.

BBG013L2CJD5

MINEROS SA

Security description
MSA
Ticker
MSA
Exchange code
CN
Security type
Common Stock
Security type 2
Common Stock
Market sector
Equity
FIGI composite
BBG013L2CJD5 ↗
Share class
BBG001SBRV22 ↗

Financial Instrument Global Identifier record from OpenFIGI, as at 20 September 2026. The composite FIGI identifies the share in its country of listing; the share-class FIGI is the same on every market it trades on.