Mineros 3Q 2026 Profits Rise 31% Year-on-Year

Medellin-based multinational gold miner Mineros SA announced November 11 that its third quarter (3Q) 2026 net income jumped 31% year-on-year, to COP$283 billion (US$86 million), from COP$215 billion (US$65 million) in 3Q 2025.

Revenues rose 13% year-on-year, to COP$887 billion (US$269 million), versus COP$783 billlion (US$238 million) in 3Q 2025.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) “increased by 65% year-over-year, reaching US$402 million for the first nine months of 2026 — the best result in the company’s history — thanks to disciplined cost control,” the company added.

Also for the first nine months of 2026, “Mineros recorded record revenues of COP$2.9 trillion [US$881 million] a net profit of COP$768 billion [US$233 million], driven by sales of 187,133 gold-equivalent ounces,” according to the company.

Gold production of 62,253 ounces in 3Q 2026 rose 13% year-on-year, which “reflects a significant operational improvement at the Hemco [Nicaragua] property, which contributed 37,698 ounces . . . driven by higher processing volumes and improved metallurgical recoveries,” according to Mineros.

Meanwhile, its “Nechí” alluvial mining operation here in Antioquia “contributed 24,555 ounces, an 8% increase in 3Q 2026 compared to 3Q 2025,” with the result that consolidated production for the first nine months totaled 180,356 ounces, up 11% year-on-year, according to the company.

“Gold sales of 61,283 ounces in 3Q3 2026 — a 12% increase over 3Q 2025 — contributed to a total of 178,772 ounces for the first nine months of 2026.

“This represents a 10% year-over-year increase and prompted the company to upwardly revise its full-year 2026 guidance for the second time, setting a new range of 235,000–245,000 ounces (compared to the previous range of 220,000–240,000 and the original range of 213,000–233,000),” the company added.