Mineros Resolves Tax Dispute With Nicaraguan Tax Authorities
Mineros Resolves Tax Dispute With Nicaraguan Tax Authorities
(all amounts are expressed in U.S. dollars)
MEDELLÍN, Colombia--(BUSINESS WIRE)--December 19, 2025--Mineros S.A. (TSX: MSA, OTCQX:
MNSAF, BVC: MINEROS) (“Mineros” or the “Company”) announces that today, after consulting with its legal
and tax advisors, it has determined to resolve a tax dispute with the Government of Nicaragua through the
payment of approximately $49.3 million in respect of unpaid ad-valorem taxes and related interest for the years
2019 to 2024, claimed by the Government of Nicaragua.
ABOUT MINEROS S.A.
Mineros is a Latin American gold mining company headquartered in Medellín, Colombia. The Company has a
diversified asset base, with mines in Colombia and Nicaragua and a pipeline of development and exploration
projects throughout the region. The board of directors and management of Mineros have extensive experience in
mining, corporate development, finance and sustainability. Mineros has a long track record of maximizing
shareholder value and delivering solid annual dividends. For over 50 years Mineros has operated with a focus on
safety and sustainability at all its operations.
Mineros’ common shares are listed on the Toronto Stock Exchange under the symbol “MSA”, and on the
Colombia Stock Exchange under the symbol “MINEROS”. Mineros shares also trade on the OTCQX® Best
Market, symbol MNSAF.
Election of Directors – Electoral Quotient System
The Company has been granted an exemption from the individual voting and majority voting requirements
applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such
requirements would constitute a breach of Colombian laws and regulations which require the directors to be
elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For
further information, please see the Company’s most recent annual information form, available on the Company’s
website at https://www.mineros.com.co/ and from SEDAR+ at www.sedarplus.com.
FORWARD-LOOKING STATEMENTS
This news release contains “forward looking information” within the meaning of applicable Canadian securities
laws. Forward looking information includes statements that use forward looking terminology such as “may”,
“could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”,
“schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the negative or grammatical variation
thereof or other variations thereof or comparable terminology. Such forward looking information includes,
without limitation, statements with respect to the resolution of tax dispute in Nicaragua and the final payment
amount.
Forward looking information is based upon estimates and assumptions of management in light of management’s
experience and perception of trends, current conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the circumstances, as of the date of this news release.
While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to
significant business, social, economic, political, regulatory, competitive and other risks and uncertainties,
contingencies and other factors that could cause actual actions, events, conditions, results, performance or
achievements to be materially different from those projected in the forward-looking information. Many
assumptions are based on factors and events that are not within the control of the Company and there is no
assurance they will prove to be correct.
For further information of these and other risk factors, please see the “Risk Factors” section of the Company’s
annual information form dated March 31, 2025, available on SEDAR+ at www.sedarplus.com.
The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other
events or circumstances could cause actual results to differ materially from those estimated or projected and
expressed in, or implied by, the forward-looking information contained herein. There can be no assurance that
forward-looking information will prove to be accurate, as actual results and future events could differ materially
from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-
looking information.
Forward-looking information contained herein is made as of the date of this news release and the Company
disclaims any obligation to update or revise any forward-looking information, whether as a result of new
information, future events or results or otherwise, except as and to the extent required by applicable securities
laws.
Contacts
For further information, please contact:
Ann Wilkinson
Vice President, Investor Relations
+1 (647) 496-3011
Juan Obando
Director, Investor Relations
(+57) 574 266 5757