Mineros Reports Record Third Quarter 2025 Financial Results - Operations Performing Well

Core Insights - Mineros S.A. reported record financial results for Q3 2025, with revenues of $196.0 million and net profits of $54.1 million, driven by high gold prices and production levels [3][4][10] Financial Performance - Revenue for Q3 2025 reached $195,978, a 39% increase from $140,876 in Q3 2024, primarily due to a 40% rise in average realized gold prices [10][4] - Net profit for Q3 2025 was $54,063, up 90% from $28,507 in Q3 2024, reflecting higher gold prices and production [10][4] - Earnings per share were $0.18 for Q3 2025, compared to $0.10 in Q3 2024 [4][10] - Cash costs per ounce of gold sold were $1,704 in Q3 2025, a 38% increase from $1,235 in Q3 2024 [10][4] - All-in sustaining costs (AISC) per ounce of gold sold were $1,982 in Q3 2025, up 34% from $1,481 in Q3 2024 [10][4] Production Metrics - Gold production for Q3 2025 was 54,862 ounces, a slight increase of 2.3% from 53,612 ounces in Q3 2024 [24][10] - Year-to-date gold production totaled 163,012 ounces, up 2% from 159,056 ounces in the same period of 2024 [24][10] - The average realized price per ounce of gold sold was $3,464 in Q3 2025, compared to $2,477 in Q3 2024 [10][4] Cash Flow and Investments - Net cash flows from operating activities were $77,316 in Q3 2025, a 44% increase from $53,751 in Q3 2024 [10][4] - Net free cash flow for Q3 2025 was $62,400, up from $38,816 in Q3 2024 [10][4] - Capital investments increased significantly to $62,515 in Q3 2025, compared to $17,578 in Q3 2024, marking a 256% rise [10][4] Strategic Initiatives - The company is focusing on organic growth through the development of the Porvenir Project and exploring inorganic growth opportunities [3][4] - Mineros has over $102 million in cash and cash equivalents, providing a strong financial position for future investments [3][4] Exploration and Development - The company is advancing exploration projects, including the Porvenir Project and the La Pepa Project, with significant drilling campaigns planned for 2025 [38][50][30] - A total of 7,712 meters of diamond drilling was completed in Q3 2025, achieving approximately 90% of the annual drilling plan [33][10] Health and Safety - Mineros is committed to maintaining a safe work environment, with operations certified under ISO 45001 for Occupational Health and Safety [27][10]