Mineros S.A.

Notable vs. Peers

• Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
• Trading within 0% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

1. Permit granted

   Oct 2021 · Task #742: Mineros' own press release, 'Mineros Receives Environmental Permits for its Nechi Alluvial Property in Colombia', dated 22 October 2021 (fetched directly, not a search snippet): Colombia's National Authority of Environmental Licenses (ANLA) 'approved the Company's previously-submitted application to amend the Nechi Property environmental management plan, granting environmental permits sufficient to support planned operations within the 141.63 hectare area' (Stage 1.5), with mining operations anticipated to begin in 2022. This is an amendment/expansion permit, not Nechi's original 1937-era operating permit (that original permit genuinely predates Mineros' 1974 purchase of the concession titles from Pato Consolidated and cannot be attributed to Mineros -- Task #626/#692's prior RESEARCHED_UNKNOWN checked-gap ruling on THAT specific question stands, and is not being overridden). But this rule's own trigger is just 'stage is CONSTRUCTION or later' -- it does not require the FIRST-ever permit, and the schema already accepts an equivalent-shaped citation elsewhere for a long-operating mine (DMET's PERMIT_GRANTED is dated to a 2025 Environmental Impact Study approval for a specific operational phase; VTX's is dated to a 2024 mining-lease renewal, not an original grant). A dated, real, Mineros-attributable permit grant authorizing current Nechi operations did exist and had simply not been located by either prior pass, both of which were searching specifically for an original-grant event. Source: https://www.newswire.ca/news-releases/mineros-receives-environmental-permits-for-its-nechi-alluvial-property-in-colombia-865746589.html (Mineros S.A., 22 October 2021). · Source
2. Construction decision (FID)

   Not yet reached · Mineros S.A. purchased the mining concession titles for the Nechi alluvial deposits from Pato Consolidated in 1974 -- the company's own real acquisition decision enabling it to take over and continue the dredging operation under its own ownership (production has been reported on a '50 years between 1974 and 2023' basis ever since). Exact day not confirmed from available sourcing -- recorded reached-but-undated. -- TASK #692 CORRECTION (2026-08-25): row marked disputed=true -- This row's own note already described the 1974 event as "the company's own real ACQUISITION decision", and this miner's own CONSTRUCTION_START and FIRST_PRODUCTION rows both date the asset's real construction/production history to 1937 under a prior operator. Promoting construction-decision-implies-permit-granted to `enforced` (Task #691) made the proxy visible: the gate presupposes a board FID to build, which never happened here. Marked disputed=true so hasMilestone() no longer treats it as a construction decision; the row and its research are preserved, per the Task #685 (KAU) remedy. · Source
3. Construction start

   Reached — date not disclosed · Commercial bucket-dredge gold production at Nechi began in 1937 under the property's original operator/developer, decades before Mineros' 1974 acquisition of the concession from Pato Consolidated (see CONSTRUCTION_DECISION row) -- recording the asset's own real construction/production history, the same predecessor-operator convention used for DSV/GEM in the Task #430 batch3 script. Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
4. First pour / production

   Reached — date not disclosed · Same event as the CONSTRUCTION_START row above: commercial bucket-dredge gold production at Nechi commenced in 1937, predating Mineros' 1974 acquisition of the concession. Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Mineros' Nechi and El Bagre alluvial gold operations in Colombia's Antioquia region have a continuous production history spanning over a century (predating the modern corporate entity), alongside the more recently-acquired Hemco Nicaragua underground/open-pit operations, each with a distinct history. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.