Mineros S.A. Completes Acquisition of La Pepa Project, Securing 100% Ownership and Advancing Growth Strategy in Chile
Mineros S.A. Completes Acquisition of La Pepa Project, Securing 100%
Ownership and Advancing Growth Strategy in Chile
MEDELLIN, Colombia--(BUSINESS WIRE)--September 22, 2025--Mineros S.A. (TSX:MSA,
MINEROS:CB) (“Mineros” or the “Company”), a leading gold producer in Latin America, is
pleased to announce it has completed the acquisition of the remaining 80% interest in the La
Pepa Project from Pan American Silver Corp. (“Pan American”) for approximately US$40
million. Mineros now holds 100% ownership of this advanced gold exploration project.
The La Pepa Project is a significant, exploration-stage asset with a substantial estimated Mineral
Resource base, located in the Maricunga Gold Belt of the Atacama Region, Chile, approximately
800 km north of Santiago and 110 km east of Copiapó, at 4,200 metres above sea level in the
Andes Mountains. The completion of this transaction terminates the joint venture between
Mineros and Pan American and gives Mineros full control over the project’s development path.
“Securing 100% of the La Pepa Project is a transformative step which adds a second organic
growth project in addition to our Porvenir Project in Nicaragua. This will anchor our future as we
mature into a mid-tier gold producer,” stated David Londoño, President and CEO of Mineros.
“This asset delivers a major gold resource and solidifies our strategic presence in the world-class
mining jurisdiction of Chile.”
ABOUT MINEROS S.A.
Mineros is a Latin American gold mining company headquartered in Medellin, 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 including the La Pepa Project in
Chile.
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 almost 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”.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in
the United States or elsewhere.
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 La Pepa Project; estimates of Mineral
Resources; exploration plans; and mining techniques that may be suitable for the La Pepa
Project.
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