The company projects a consolidated estimated production of 213,000 to 233,000 ounces of gold.
Mineros S.A. has updated its gold production projections for 2026. According to this report, approximately 84% of the company’s growth capital will be allocated to Nicaragua.
This will be supported by a US$23 million project to expand Hemco’s processing capacity from 1,800 to 2,500 tpd. This initiative represents the first stage of a disciplined approach to increasing production through organic capacity expansion.
In addition to these immediate gains, Mineros is evaluating the strategic installation of a 1,000 tpd mill that is already part of the company’s asset inventory.
This project is considered a critical exercise to eliminate bottlenecks and increase production in Nicaragua. By addressing these processing limits, the company is laying the groundwork for a transition to significantly higher production capacity in the long term.
What are the production projections?
According to the information provided by the company for 2026, Mineros has a consolidated estimated production of 213,000 to 233,000 ounces of gold. This represents an increase of approximately 10,000 ounces compared to 2025 estimates.
This increase results from a disciplined focus on “quick-return” ounces, prioritizing capital investment toward brownfield projects and operational efficiencies that can be implemented rapidly to maximize free cash flow in a robust commodities market.
“Our projections for 2026 demonstrate a transition in our corporate lifecycle. We are moving beyond a steady-state profile by allocating capital to projects with immediate incremental value. We are refocusing our strategy toward creating shareholder value through disciplined growth that strengthens cash flow and enhances long-term returns. This 10,000-ounce increase represents the first stage of a comprehensive evolution for the Company,” said Daniel Henao, President and CEO of Mineros.
The company is also focused on advancing the Porvenir Project through the final stages of permitting and technical optimization. The completion of the NI 43-101 technical report update for Hemco, scheduled for the end of the first quarter of 2026, includes an update to the Pre-Feasibility Study (PFS) of the Porvenir Project, highlighting an optimized process plant with a processing capacity of 2,000 tonnes per day (tpd). The Porvenir project already holds the environmental license for mining operations, significantly reducing the risk on the path to production.
The company anticipates that the Mineros exploration program (with a budget of approximately US$17.3 million) is designed to support near-term production growth while advancing a pipeline of opportunities across the portfolio.
The company plans approximately 95,000 meters of drilling in 2026, with a focus on a 75,400-meter program at Hemco, Nicaragua (approximately US$11 million), predominantly centered on brownfield targets around existing operations and growth projects (including work at and near Porvenir), while selectively increasing greenfield exploration in the underexplored “Golden Triangle” district—an area defined by the historic mining towns of Bonanza, Rosita, and Siuna, where the Company operates.
Click here for read the original article in portafolio.co published on Feb 09, 2026.
ES