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Symbol Data
Symbol
Currency
TSE:MSA
CAD
OTCMKTS:MNSAF
USD
Description
Mineros S.A. are a gold focused mid-tier producer with three producing mines in Colombia and Nicaragua, one mine in development in Colombia and two exploration properties. Currently they produce roughly 220koz. of gold per year. They have approximately 6Moz. of gold in the reserves and resources category of which 4Moz. are in the measured and indicated category. They have a market capitalisation of ~$1110.55M which is a rise of roughly 3% over the last two weeks. As of 05/06/2026 they have ~$35M debt and ~$216M cash. They have 296M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$1,083.22M
$1,110.55M
05/03/2026
$27.33M
MCap (OS):
$1,082.42M
$1,109.73M
05/03/2026
$27.31M
Total Assets:
$751.00M
$751.00M
05/03/2026
$0.00M
Total Liabilities:
$237.00M
$237.00M
05/03/2026
$0.00M
Current Assets:
$120.00M
$216.00M
05/06/2026
$96.00M
Current Liabilities:
$120.00M
$120.00M
05/03/2026
$0.00M
Total Debt:
$15.00M
$35.00M
05/06/2026
$20.00M
Cash:
$108.00M
$216.00M
05/06/2026
$108.00M
Debt (Net):
$-93.00M
$-181.00M
$-88.00M
Enterprise Value:
$990.22M
$929.55M
$-60.67M
Cash Flow:
$286.06M
$294.86M
never
$8.80M
Cash Flow Multiple:
3.79
3.77
never
-0.02
Net Debt to Cash Flow Ratio:
n/a
n/a
never
0.00
Finance within 1 year:
05/03/2026
n/a
Misc
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
295,780,517
295,780,517
05/03/2026
0
Shares (FD):
296,000,000
296,000,000
05/03/2026
0
Insider Ownership:
60%
60%
05/06/2026
n/a
Dividend (Annual):
1.48%
1.41%
05/06/2026
-0.07
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Group:
Producer
Producer
never
n/a
Production ETA:
n/a
n/a
05/03/2026
n/a
Production (Gold Eq Oz.):
(guess) 220,000
(guess) 220,000
05/03/2026
0
Production (Silver Eq Oz.) :
(guess) 13,438,608
(guess) 13,132,577
05/03/2026
-306,032
Development Phase:
Producer (Multiple Mines)
Producer (Multiple Mines)
05/03/2026
n/a
Optionality Play:
none
No
F U T U R E
% of Spot:
15Producer: Average
15Producer: Average
05/03/2026
0
Cash Flow Multiple:
12
12
05/03/2026
0.00
Resource Data
GOLD
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
1.50M
1.50M
05/03/2026
0.00M
Measured & Indicated:
4.00M
4.00M
05/03/2026
0.00M
Inferred:
2.00M
2.00M
05/03/2026
0.00M
Reserves & Resources:
6.00M
6.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
1.20M
1.20M
05/03/2026
0.00M
Measured & Indicated:
2.80M
2.80M
05/03/2026
0.00M
Inferred:
0.80M
0.80M
05/03/2026
0.00M
Reserves & Resources:
3.60M
3.60M
never
0.00M
C U R R E N T
Annual Production:
(guess) 220,000oz.
(guess) 220,000oz.
05/03/2026
0oz.
Cash Cost:
$2,300
$2,200
05/06/2026
$-100.00
Extra Operating Cost:
$1,000
$1,000
05/03/2026
$0.00
Total:
$3,300
$3,200
05/06/2026
$-100.00
Margin (Free Cash Flow):
$1,300 (28%)
$1,340 (30%)
$40.01
MCap / Production (AuEq):
$4,923.72
$5,047.95
$124.23
EV / Production (AuEq):
$4,500.99
$4,225.23
$-275.77
G R A D E
Underground (Avg):
3.00 g/t
3.00 g/t
05/03/2026
n/a
Open Pit (Avg):
n/a
0.50 g/t
05/03/2026
n/a
Recovery Rate:
(CG) 80.00%
(CG) 80.00%
05/06/2026
0.00%
F U T U R E
Proven & Probable:
5.00M
5.00M
05/03/2026
0.00M
Annual Production:
350,000oz.
350,000oz.
05/03/2026
0oz.
Cash Cost:
$2,500
$2,400
05/06/2026
$-100
Extra Operating Cost:
$1,000
$1,000
05/03/2026
$0
SILVER
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
05/03/2026
0.00M
Measured & Indicated:
n/a
n/a
05/03/2026
0.00M
Inferred:
n/a
n/a
05/03/2026
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
05/03/2026
0.00M
Measured & Indicated:
n/a
n/a
05/03/2026
0.00M
Inferred:
n/a
n/a
05/03/2026
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
05/03/2026
$0.00
Extra Operating Cost:
n/a
n/a
05/03/2026
$0.00
Total:
n/a
n/a
05/03/2026
$0.00
Margin (Free Cash Flow):
n/a
$0.00
MCap / Production (AgEq):
$80.60
$84.56
$3.96
EV / Production (AgEq):
$73.68
$70.78
$-2.90
G R A D E
Underground (Avg):
n/a
n/a
05/03/2026
n/a
Open Pit (Avg):
n/a
n/a
05/03/2026
n/a
Recovery Rate:
n/a
n/a
05/03/2026
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
05/03/2026
0.00M
Annual Production:
n/a
n/a
05/03/2026
n/a
Cash Cost:
n/a
n/a
05/03/2026
n/a
Extra Operating Cost:
n/a
n/a
05/03/2026
n/a
Property
Last Analysis Data (05/03/2026)
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Exp
La Pepa
Chile
100 (guess)
n/a
show
Development
2.5M oz at .5 gpt Oxides.
Prod
Nechi
Colombia
100 (guess)
Open Pit
show
80K year production
Dev
Tolima
Columbia
100 (guess)
Open Pit
show
30M oz at .7 gpt AU.
Permit issues.
Prod
Panama
Nicaragua
100 (guess)
Open Pit
show
Production
Prod
Pioneer
Nicaragua
100 (guess)
Open Pit
show
Producer
Exp
Porvenir
Nicaragua
100 (guess)
n/a
show
700,000 oz AU
Production in 2027
Current Data
Stage
Name
Owned %
Type
NPV $M
IRR %
CapEx $M
Au
Ag
Cu
Notes
Exp
La Pepa
Chile
100 (guess)
n/a
show
Development
2.5M oz at .5 gpt Oxides.
Prod
Nechi
Colombia
100 (guess)
Open Pit
show
80K year production
Dev
Tolima
Columbia
100 (guess)
Open Pit
show
30M oz at .7 gpt AU.
Permit issues.
Prod
Panama
Nicaragua
100 (guess)
Open Pit
show
Production
Prod
Pioneer
Nicaragua
100 (guess)
Open Pit
show
Producer
Exp
Porvenir
Nicaragua
100 (guess)
n/a
show
700,000 oz AU
Production in 2027
Profitability (by resource)
Proven & Probable
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
1.50M
1.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-2.09M
P L A U S I B L E
Gold Eq. Oz.:
1.20M
1.20M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-1.67M
Maximum Profit (Gold):
$1,560.34M
$1,608.35M
n/a
$48.01M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$1,560.34M
$1,608.35M
n/a
$48.01M
Max Profit / Current MCap:
1.440
1.448
n/a
0.008
Max Profit Per Share (Gold):
$5.27
$5.43
n/a
$0.16
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$5.27
$5.43
n/a
$0.16
Total Free Profit Per Share:
$0.30
$0.27
n/a
$-0.03
FD MCap / Gold Eq.:
$902.68
$925.46
n/a
$22.78
FD MCap / Silver Eq.:
$14.78
$15.50
n/a
$0.73
FD MCap / Per Metal as % Spot Price:
19.62%
20.38%
n/a
0.76%
EV / Gold Eq.:
$825.18
$774.62
n/a
$-50.56
EV / Silver Eq.:
$13.51
$12.98
n/a
$-0.53
EV / Per Metal as % Spot Price:
17.94%
17.06%
n/a
-0.88%
Measured & Indicated
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
4.00M
4.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-5.56M
P L A U S I B L E
Gold Eq. Oz.:
2.80M
2.80M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-3.89M
Maximum Profit (Gold):
$3,640.78M
$3,752.81M
n/a
$112.03M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$3,640.78M
$3,752.81M
n/a
$112.03M
Max Profit / Current MCap:
3.361
3.379
n/a
0.018
Max Profit Per Share (Gold):
$12.30
$12.68
n/a
$0.38
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$12.30
$12.68
n/a
$0.38
Total Free Profit Per Share:
$7.33
$7.52
n/a
$0.19
FD MCap / Gold Eq.:
$386.86
$396.62
n/a
$9.76
FD MCap / Silver Eq.:
$6.33
$6.64
n/a
$0.31
FD MCap / Per Metal as % Spot Price:
8.41%
8.74%
n/a
0.33%
EV / Gold Eq.:
$353.65
$331.98
n/a
$-21.67
EV / Silver Eq.:
$5.79
$5.56
n/a
$-0.23
EV / Per Metal as % Spot Price:
7.69%
7.31%
n/a
-0.38%
Reserves & Resources
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
6.00M
6.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-8.35M
P L A U S I B L E
Gold Eq. Oz.:
3.60M
3.60M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-5.01M
Maximum Profit (Gold):
$4,681.01M
$4,825.04M
n/a
$144.04M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$4,681.01M
$4,825.04M
n/a
$144.04M
Max Profit / Current MCap:
4.321
4.345
n/a
0.023
Max Profit Per Share (Gold):
$15.81
$16.30
n/a
$0.49
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$15.81
$16.30
n/a
$0.49
Total Free Profit Per Share:
$10.84
$11.14
n/a
$0.30
FD MCap / Gold Eq.:
$300.89
$308.49
n/a
$7.59
FD MCap / Silver Eq.:
$4.93
$5.17
n/a
$0.24
FD MCap / Per Metal as % Spot Price:
6.54%
6.79%
n/a
0.25%
EV / Gold Eq.:
$275.06
$258.21
n/a
$-16.85
EV / Silver Eq.:
$4.50
$4.33
n/a
$-0.18
EV / Per Metal as % Spot Price:
5.98%
5.69%
n/a
-0.29%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
05/03/2026 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
USD 1.0000
USD 1.0000
05/17/2026
Spot Gold:
$4,600.28
$4,540.29
05/17/2026
$-59.99
Spot Silver:
$75.31
$76.06
05/17/2026
$0.75
Gold:Silver Ratio:
61.08
59.69
05/17/2026
-1.39
Spot Gold (Future):
$7,000.00
$7,000.00
$0.00
Spot Silver (Future):
$200.00
$200.00
$0.00
Gold:Silver Ratio (Future):
35.00
35.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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