Mineros Full-Year 2025 Profits Hit All-Time Record
Medellin-based multinational gold miner Mineros SA announced February 18 that its full-year 2025 net profits rose to US$145 million, an all-time record.
“Driven by record gold prices and disciplined operations across Colombia and Nicaragua, Mineros achieved its strongest financial performance in company history, generating US$358 million in adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] and ending 2025 with a virtually debt-free balance sheet of US$108 million in cash,” according to the company.
“Building on this strength, the company is deploying US$113.7 million in capital to expand production capacity, advance its most aggressive exploration program ever, and accelerate the next phase of production growth,” Mineros added.
Mineros also reported record revenues in fourth quarter (4Q) of 2025, at US$260.7 million, along with record full-year 2025 revenues of US$799.6 million. Fourth-quarter 2025 net profits also were positive, at US$9.4 million
The company produced 58,596 ounces of gold in 4Q 2025, “35,705 ounces from our Nicaraguan operations and 22,891 ounces from our Colombian operation,” according to Mineros. Consolidated gold production for full-year 2025 hit 221,608 ounces, “131,831 ounces from our Nicaraguan operations and 89,777 ounces from our Colombian operations,” acording to the company.
“Average realized price per ounce of gold sold reached a record high of $4,179 [in 4Q 2025] and $3,474 for the year ended December 31, 2025, respectively. Cash cost per ounce of gold sold was $2,140 in the three months ended December 31, 2025 and $1,746 for the year ended December 31, 2025.
“AISC [all-in sustaining cost] per ounce of gold sold was $2,486 and $2,032 respectively in the three months and year ended December 31, 2025,” the company added.
Commenting on the results, Mineros CEO Daniel Henao stated that “despite the impact of a one-time US$49.3 million tax settlement on our quarterly earnings, our underlying cash generation remained robust, ending the year with $108 million in cash, a significant account-receivable from our refineries of $24 million and a substantially deleveraged balance sheet.
“Our 2026 guidance demonstrates a transition in our corporate lifecycle. We are moving beyond a steady-state profile by allocating capital to projects with immediate accretive returns, such as our brownfield initiatives and operational efficiencies,” Henao added.
