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April 18, 2024
PI Global Investments
Gold

Mineros Sees Lower Gold Output in 2024 Following Subsidiary Divestiture


Published: Jan. 22, 2024 at 7:58 a.m. ET

By Adriano Marchese

Mineros said it expects a decrease in gold production in 2024 following the sale of an Argentinian subsidiary.

The dual-listed Columbian gold miner said it expects gold production to be between 209,000 and 229,000 in 2024, a decrease of about 13% over its guidance for 2023.

For…

By Adriano Marchese

Mineros said it expects a decrease in gold production in 2024 following the sale of an Argentinian subsidiary.

The dual-listed Columbian gold miner said it expects gold production to be between 209,000 and 229,000 in 2024, a decrease of about 13% over its guidance for 2023.

For 2023, production reached 250,769 ounces of gold, within the guidance range of 239,000 to 262,000 ounces.

The lower expectation in 2024 is due to the sale of its Gualcamayo property which it sold to Eris in September.

Meanwhile, cash costs are expected to rise to between $1,180 to $1,270 an ounce in 2024, compared with a range of $1,170 to $1,270 in its 2023 guidance.

All-in sustaining cost per ounce of gold sold is expected to decrease slightly to between $1,430 to $1,530 an ounce in 2024, from $1,440 to $1,540 in its guidance of last year.

Write to Adriano Marchese at adriano.marchese@wsj.com



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