Mineros SA (TSX:MSA) - Record $800M Revenue in 2025 Sets Up 2026 Nicaragua Growth Surge

Crux Investor interview highlights Mineros SA’s record revenue and a growth narrative tied to expansion plans (including Nicaragua) in a high gold-price environment. Tradeable angle: reinforces producer leverage to spot gold and the market’s appetite for growth/optionalities, but also raises jurisdiction/execution risk considerations that can widen equity risk premia versus bullion. For metals, it’s indirectly supportive—strong margins at elevated gold prices can sustain producer hedging decisions and project pipelines. More relevant for gold equities/streaming comps than for immediate spot direction.