Mineros S.A (MINEROS) Status Update summary

Leadership and strategic vision

• New CEO with extensive mining experience aims to expand operations beyond Colombia and Nicaragua into other jurisdictions in the Americas.

• Focus on increasing company recognition and engaging with investors to support growth ambitions.

• Emphasis on maintaining operational performance and cost control despite favorable gold prices.

Financial performance and capital allocation

• Reported $160 million in revenue and $81 million in cash, with a $0.10 per share annual dividend.

• Plans to maintain some debt for leverage in pursuing new opportunities.

• Share price has more than doubled in recent years, reflecting improved market awareness and performance.

Operational highlights: Colombia

• Operations use large dredges for gravity gold recovery, minimizing chemical use and environmental impact.

• Continuous land reclamation and backfilling as mining progresses, supporting a green reputation.

• Operations are long-lived due to extensive alluvial deposits, with efficient hydroelectric power use.