Mineros S.A. Posts Strong Q1 2026 Gold Production Growth
Event summary
- Mineros S.A. reported Q1 2026 gold production of 57,850 ounces, up 7% YoY.
- Silver production surged 109% YoY to 161,766 ounces, driven by Hemco Property.
- Gold Equivalent (AuEq) production reached 60,782 ounces, a 10% YoY increase.
- Hemco Property saw a 22% YoY increase in gold production due to plant optimization.
The big picture
Mineros S.A.'s strong Q1 2026 performance highlights the strategic importance of its Nicaraguan operations, particularly Hemco Property. The company's focus on metallurgical recoveries and plant capacity expansions aligns with broader industry trends toward operational efficiency in precious metals mining. With annual guidance tracking toward the upper end, Mineros is positioning itself for sustained growth in a competitive market.
What we're watching
- Execution Risk
- Whether Mineros can sustain the pace of operational improvements at Hemco Property.
- Capacity Expansion
- The timeline and success of expanding Hemco's processing capacity to 2,500 tonnes per day by year-end.
- Production Recovery
- How quickly Nechí Property in Colombia can return to normal production levels in Q3 2026.
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