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Mineros S.A. (MNSAF) Q4 2025 Earnings Call Transcript

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Elizabeth Wilkinson
Vice President of Investor Relations

Good morning, everyone. Thank you for joining us to discuss Mineros’ fourth quarter and full year 2025 results. I am Ann Wilkinson, Vice President, Investor Relations, and I am joined today by Daniel Henao, President and CEO; Sergio Chavarria, Interim CFO; and Juan Obando, Director of Investor Relations.

Before we begin, please note that today’s presentation includes forward-looking statements based on management’s estimates and assumptions. These involve inherent risks and uncertainties as detailed in our cautionary note. We encourage you to review our management’s discussion and analysis and the 2025 year-end financial statements available on our website in order to understand the risks inherent.

Following our formal remarks, we will hold a question-and-answer session. You may submit questions at any time through the webcast portal. Please be advised that this call is being recorded, and a replay will be available on our website within 24 hours.

With that, I will turn the call over to Daniel Henao, President and CEO.

Daniel Villamil
CEO & President

Thank you, Ann, and good morning, everyone. 2025 was a pivotal year for Mineros, defined by a disciplined approach to our mine plans and a focus on high-quality production. We are pleased to report that we exceeded our full year guidance, delivering 227 gold equivalent ounces. This achievement reflects the steady performance of our technical teams and continued commitment to maximizing the value of our existing ore bodies through operational excellence.

Our operations in Nicaragua continued to deliver. In December alone, the asset reached a production milestone of 16 gold equivalent ounces, demonstrating the steady

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