Mineros SA 2Q 2025 Net Profit Soars 141% Year-on-Year
Medellin-based multinational gold miner Mineros SA announced August 12 a 141% jump in second quarter (2Q) 2025 net profit, hitting US$43.5 million, from US$18 million in 2Q 2024.
Revenues in the latest quarter rose 37%, to US$182 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 66% year-on-year, to US$82 million, according to the company.
Commenting on the results, Mineros CEO David Londoño stated:“These results were generated from the production and sale of 53,907 ounces of gold at an average [per-ounce] price of US$3,313, which is 15% higher than the first quarter of 2025 and a full 42% higher than the average gold price for the second quarter of 2024.
“Cash costs and all-in sustaining costs were at the low end of guidance for Nechí [here in Antioquia] and approximately 12% above the high end of guidance for Hemco [in Nicaragua] because of the very strong gold price and its effects on the cost to purchase ore from the cooperatives representing our artisanal mining partners.”
“With an excess of US$109 million in cash and a strong and flexible balance sheet, we are ramping up our search for appropriately sized additions to production, both organically, with the near-term development of the Porvenir Project at our Hemco Property, and inorganic growth,” he added.
Shortly following closure of the 2Q 2025 reporting period, Switzerland-based Sun Valley Investments AG announced on July 15 that it has now boosted its total shareholding in Mineros SA to 65.38% of the issued and outstanding common shares, up from 57% of its prior shareholdings.
