Mineros S.A.
Mineros S.A., one of Colombia’s largest gold producers, has embarked on a significant new stage of international growth with its full acquisition of the La Pepa gold project. The La Pepa project is located within the Maricunga Gold Belt in Chile’s Atacama region. Mineros S.A., which already owned 20% of this project, recently bought the remaining 80% of the project from Pan American Silver Corp. at a cost of approximately USD 40 million and thereby attained ownership of the complete 100% of the La Pepa project. Pan American Silver, one of ,the world’s top silver producers, which divested its stake in the La Pepa project, consolidated its ownership in an alternate property i.e. the silver asset in Zacatecas, Mexico.
This expansion of Mineros S.A. into Chile was approved under the leadership of Augusto López Valencia, who began his tenure as Mineros’ Chairman with this pivotal deal.
Some Important Changes in the Shareholder Structure and Management of Mineros S.A.
Since March 2025, Mineros S.A. has been controlled by Sun Valley Investments, a Swiss-registered firm which is led by Vikram Sodhi who is its managing partner and dominant shareholder. Sun Valley Investments increased its control of Mineros to 66.26% through strategic share acquisitions and public offers in 2024, realigning the company’s leadership towards disciplined capital deployment and international consolidation. Under Mr. Sodhi’s vision, Mineros now aims to achieve a mid-tier producer status thereby enhancing its competitiveness across regional mining markets.
Operational Legacy and Responsible Mining
Mineros S.A. has maintained continuous operations for nearly five decades in Colombia’s Bajo Cauca region, a region renowned since colonial times for production of gold. The company operates alluvial gold extraction in the Nechí River plains using gravimetric methods which avoid both cyanide and mercury, thereby ensuring compliance with modern environmental and safety standards. Its reserves offer a production horizon exceeding ten years supporting long-term operational and sustainability commitments.
Regional Diversification and Project Pipeline
In addition to its Colombian and Chilean assets, Mineros S.A. wholly owns Hemco Nicaragua S.A. which is located in Nicaragua’s Golden Triangle. Hemco runs two underground mines and is advancing three additional development projects and is confident of ensuring at least 13 more years of mine life. The recent La Pepa acquisition, located in a globally respected mining jurisdiction, adds a top-tier gold resource to Mineros’ stable, and complements its ongoing Porvenir project in Nicaragua.
Growth Outlook
Mineros S.A.’s strategic expansion into Chile and its continued investment in Nicaragua helps the Company graduate into a select group of regional gold producers having sustainable growth trajectories and diversified portfolios. The La Pepa deal is widely expected to augment Mineros S.A.’s reserve base and enhance its long-term gold production, thereby generating enhanced shareholder value. Mineros S.A. is thus well on the way to completing its transition into a leading mid-tier Latin American mining company.
Read the original article in las2orillas.co published on September 25, 2025: Click here.
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