The influence of Indian entrepreneur Vikram Sodhi is evident as the new owner of the company, which he acquired with the aim of expanding it globally.
Mineros S.A., one of Colombia’s three largest gold producers, with operations in the municipalities of El Bagre and Zaragoza in Antioquia, has acquired full ownership of the La Pepa Project in northern Chile, located in the Maricunga Gold Belt, Atacama Region, where it previously held a 20% stake.
Augusto López Valencia, Chairman of the Board of Directors, approved a payment of USD 40 million for the remaining 80% of the La Pepa mine, which had been owned by Pan American Silver Corp, the world’s leading silver producer. Pan American Silver exchanged this asset for full ownership of a silver mine in Zacatecas, Mexico.
Since March of this year, the company has been majority-owned by Sun Valley Investments, a Switzerland-registered firm whose largest shareholder and managing partner is Vikram Sodhi, an entrepreneur of Indian origin. Sodhi has undertaken several strategic moves since last year to gain control of Mineros S.A., including purchases from individual shareholders and public tender offers, successfully acquiring 66.26% of the company.
Mineros S.A. has operated for more than 50 years in the Bajo Cauca subregion, an area historically renowned for its gold wealth since the Spanish conquest. From its mineral reserves exceeding ten years, the company extracts gold from alluvial deposits in closed pools along the plains adjacent to the Nechí River, where the metal is found free in sand and gravel, enabling recovery through gravimetric processes without the use of cyanide or mercury.
Seeking to become a mid-tier gold producer, Mineros S.A. also holds full control of Hemco, a mining operation in Nicaragua’s so-called “Golden Triangle.” Hemco operates two underground mines and has three additional medium-term projects, which are expected to extend the mine’s operational life to 13 years.
Read the original article in las2orillas.co published on Sep 25, 2025: Click here.
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