# Mining News in Nicaragua

Canonical page: https://atlas-staging.minestarters.com/news?regions=nicaragua

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

Results: 11
Returned: 10
Coverage: drill results, resource updates, and metallurgy; primary commodity matching; all time unless dates are supplied.
Region: Nicaragua (nicaragua)
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## Mako Mining Announces Q3 2026 Production Results with Gold Recovered of 12,743 oz Au (Sales of 11,581 oz Au), and Positive Permitting Updates at Mt. Hamilton and San Albino

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mako-mining-announces-q3-2026-production-results-with-gold-recovered-of-12-743-o--9a3fc293-7785-4f9e-bca7-b23ab4b5422f) · [Markdown](https://atlas-staging.minestarters.com/news/mako-mining-announces-q3-2026-production-results-with-gold-recovered-of-12-743-o--9a3fc293-7785-4f9e-bca7-b23ab4b5422f.md)
- Original announcement: 2026-10-19T11:30:00.000Z
- Atlas analysis published: 2026-10-19T12:15:03.789Z
- Atlas analysis updated: 2026-10-19T12:15:03.789Z
- Company: Mako Mining Corp (MKO.V)
- Original source: [orestocks](https://orestocks.com/company/MKO.V/press-releases/8451958335970912)
- Atlas sentiment: 0.241
- Atlas tags: Production Results, Permitting Milestone, Heap Leach Route

Mako Mining reported Q3 2026 production results, highlighted by 12,743 oz of gold recovered across its portfolio. The company also announced key permitting milestones at the Mt. Hamilton and Eagle Mountain projects and detailed plans to expand throughput at the Moss Mine.

## Mineros Steers 85 kilometers of Hemco Drilling With Ore-Origin Data

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mineros-steers-85-kilometers-of-hemco-drilling-with-ore-origin-data--f082a85a-fe00-4d5a-98e6-8507ed8b651f) · [Markdown](https://atlas-staging.minestarters.com/news/mineros-steers-85-kilometers-of-hemco-drilling-with-ore-origin-data--f082a85a-fe00-4d5a-98e6-8507ed8b651f.md)
- Original announcement: 2026-10-02T00:00:00.000Z
- Atlas analysis published: 2026-10-02T08:17:52.117Z
- Atlas analysis updated: 2026-10-02T08:17:52.117Z
- Company: Mineros S.A. (MSA)
- Original source: [cruxinvestor](https://www.cruxinvestor.com/posts/mineros-steers-85-kilometers-of-hemco-drilling-with-ore-origin-data)
- Atlas sentiment: 0.299
- Atlas tags: Resource Update

Mineros is executing its largest-ever drilling program of 85 kilometers at the Hemco Property in Nicaragua, using data from artisanal mining to target new mineralization. The company is also expanding its processing capacity to support future production growth and de-bottleneck the district.

## Metals Exploration's Self-Funded Development Targets December 2026 First Gold at La India

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/metals-exploration-s-self-funded-development-targets-december-2026-first-gold-at--3805aeeb-98c0-42e6-b00d-376947e97642) · [Markdown](https://atlas-staging.minestarters.com/news/metals-exploration-s-self-funded-development-targets-december-2026-first-gold-at--3805aeeb-98c0-42e6-b00d-376947e97642.md)
- Original announcement: 2026-10-01T00:00:00.000Z
- Atlas analysis published: 2026-10-01T19:35:35.838Z
- Atlas analysis updated: 2026-10-01T19:35:35.838Z
- Company: Metals Exploration Plc (MTL)
- Original source: [cruxinvestor](https://www.cruxinvestor.com/posts/metals-explorations-self-funded-development-targets-december-2026-first-gold-at-la-india-)
- Atlas sentiment: 0.343
- Atlas tags: Bonanza Intercept, QA/QC Disclosed

Metals Exploration is targeting first gold production at its La India project in Nicaragua by December 2026, funded by cash flow from its Runruno mine. Maiden drilling at the nearby La Grecia prospect returned high-grade gold and silver intercepts, including 36.5 g/t gold.

## Metals Exploration completes $27m La India loan withdrawal

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/metals-exploration-completes-27m-la-india-loan-withdrawal--09c31558-f72b-4790-9e8d-106a5190ba4e) · [Markdown](https://atlas-staging.minestarters.com/news/metals-exploration-completes-27m-la-india-loan-withdrawal--09c31558-f72b-4790-9e8d-106a5190ba4e.md)
- Original announcement: 2026-09-29T10:31:09.197Z
- Atlas analysis published: 2026-09-29T13:19:14.994Z
- Atlas analysis updated: 2026-10-13T04:03:22.980Z
- Company: Metals Exploration
- Original source: [miningtechnology](https://www.mining-technology.com/news/metals-exploration-la-india-loan-withdraw/)
- Atlas sentiment: 0.234
- Atlas tags: Bonanza Intercept, QA/QC Disclosed

Metals Exploration has fully drawn a $27m equipment loan to fund construction at its La India gold project in Nicaragua, which is on track for production in December 2026. Additionally, the company reported high-grade early drill results from its La Grecia prospect, including an intercept of 1.3m at 36.5g/t gold.

## La India Development and La Grecia Exploration Update

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/la-india-development-and-la-grecia-exploration-update--fb937243-342d-412d-ac7c-1c6fa76898ef) · [Markdown](https://atlas-staging.minestarters.com/news/la-india-development-and-la-grecia-exploration-update--fb937243-342d-412d-ac7c-1c6fa76898ef.md)
- Original announcement: 2026-09-28T05:00:00.000Z
- Atlas analysis published: 2026-09-29T18:28:01.767Z
- Atlas analysis updated: 2026-09-29T18:28:01.767Z
- Company: Metals Exploration PLC (MTL)
- Original source: [lse](https://www.londonstockexchange.com/news-article/MTL/la-india-development-and-la-grecia-exploration-update/17806941)
- Atlas sentiment: 0.37
- Atlas tags: None

Metals Exploration provided an update on the La India gold project in Nicaragua, noting that first gold production remains on track for December 2026 and equipment financing is fully drawn. Additionally, initial scout drilling at the La Grecia prospect returned high-grade gold intercepts, including 0.7m at 67.4 g/t Au.

## Mineros' Porvenir: 8 Things You Need to Know Before the 2027 Decision

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mineros-porvenir-8-things-you-need-to-know-before-the-2027-decision--c6bc20e4-a6a1-4498-9255-0054916ad082) · [Markdown](https://atlas-staging.minestarters.com/news/mineros-porvenir-8-things-you-need-to-know-before-the-2027-decision--c6bc20e4-a6a1-4498-9255-0054916ad082.md)
- Original announcement: 2026-08-21T00:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Mineros S.A. (MSA)
- Original source: [cruxinvestor](https://www.cruxinvestor.com/posts/mineros-porvenir-8-things-you-need-to-know-before-the-2027-decision)
- Atlas sentiment: 0.234
- Atlas tags: Probable Reserve, QP/CP Signed

Mineros' Porvenir project is a pre-feasibility stage underground polymetallic deposit in Nicaragua, expected to add 55,000 to 72,000 gold-equivalent ounces to the company's production. While technical de-risking through engineering and drilling is progressing, the company has not yet disclosed how the $206.8M initial capital requirement will be funded.

## Mineros S.A. Identifies New High-Grade Vein System at the Nicaragua Property's Xiloa Target - 8.3 m at 17.3 g/t Au - Confirms High-Grade Continuity at Leticia with 1.2 m at 271.3 g/t Au

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f) · [Markdown](https://atlas-staging.minestarters.com/news/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi--bcac7213-54f9-47a3-b246-f38607b4460f.md)
- Original announcement: 2026-05-26T11:01:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Mineros S.A. (MSA)
- Original source: [tmx](https://money.tmx.com/en/quote/MSA/news/4817828886786270/mineros-s-a-identifies-new-high-grade-vein-system-at-the-nicaragua-property-s-xi)
- Atlas sentiment: 0.722
- Atlas tags: Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Bonanza Intercept, Apparent Width Only, Step-Out Extension, Step-Out Extension, QA/QC Disclosed, QP/CP Signed, Infill Drilling

Mineros S.A. announced strong drill results from its 2026 campaign at the Nicaragua Property, highlighted by the discovery of a new high-grade vein system at Xiloa with 8.3 m at 17.3 g/t Au. The company also confirmed high-grade continuity at the Leticia vein system, including an exceptional intercept of 1.2 m at 271.3 g/t Au, and reported positive infill drilling results at the Panamá Mine to support mine planning. All results are reported as core lengths with true widths currently unknown.

## Mineros S.A. Achieves Major Milestone With Porvenir Project Development

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mineros-s-a-achieves-major-milestone-with-porvenir-project-development--90d8b41c-ec97-4358-9d89-9cba7f31a63b) · [Markdown](https://atlas-staging.minestarters.com/news/mineros-s-a-achieves-major-milestone-with-porvenir-project-development--90d8b41c-ec97-4358-9d89-9cba7f31a63b.md)
- Original announcement: 2026-05-05T12:01:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Mineros S.A. (MSA)
- Original source: [tmx](https://money.tmx.com/en/quote/MSA/news/8102082254913737/mineros-s-a-achieves-major-milestone-with-porvenir-project-development)
- Atlas sentiment: 0.483
- Atlas tags: QP/CP Signed, Resource Update

Mineros S.A. has received environmental certification from the Attorney General's Office for the Porvenir processing plant and tailings storage facility in Nicaragua. This milestone, following the March 2026 Pre-Feasibility Study, advances the underground polymetallic project toward potential construction.

## Mineros Announces Updated Prefeasibility Study for the Porvenir Project and Highlights Emerging Porvenir Polymetallic District

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/mineros-announces-updated-prefeasibility-study-for-the-porvenir-project-and-high--6ed5f00d-de2a-48b0-83e0-a2dfb492a05e) · [Markdown](https://atlas-staging.minestarters.com/news/mineros-announces-updated-prefeasibility-study-for-the-porvenir-project-and-high--6ed5f00d-de2a-48b0-83e0-a2dfb492a05e.md)
- Original announcement: 2026-03-31T12:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Mineros S.A. (MSA)
- Original source: [tmx](https://money.tmx.com/en/quote/MSA/news/5428004096961885/mineros-announces-updated-prefeasibility-study-for-the-porvenir-project-and-high)
- Atlas sentiment: 0.42
- Atlas tags: NI 43-101 Compliant, QP/CP Signed, PFS-Supporting, Resource Update, Proven Reserve, Probable Reserve, Measured Resource, Indicated Resource, Inferred Resource, Mill Route

Mineros S.A. announced an updated Prefeasibility Study for its Porvenir Project, highlighting robust economics with a $460 million NPV (5% discount rate) and a 37.9% IRR. The study confirms Porvenir as a high-margin, stand-alone underground operation and the cornerstone of an emerging polymetallic district in Nicaragua. The company also reported updated Mineral Resource and Reserve estimates for Porvenir and other deposits within the Hemco Property, reinforcing district-scale potential and a viable processing flowsheet for gold, silver, zinc, and copper.

## San Albino Royalty Exploration Update Highlighted 39.15 g/t Au over 5.9 m (Estimated True Width) 19.2 m Below Surface at El Golfo Prospect

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/san-albino-royalty-exploration-update-highlighted-39-15-g-t-au-over-5-9-m-estima--360716b7-7fd1-4211-b359-ac290322358e) · [Markdown](https://atlas-staging.minestarters.com/news/san-albino-royalty-exploration-update-highlighted-39-15-g-t-au-over-5-9-m-estima--360716b7-7fd1-4211-b359-ac290322358e.md)
- Original announcement: 2025-05-27T11:00:00.000Z
- Atlas analysis published: Unknown date
- Atlas analysis updated: Unknown date
- Company: Sailfish Royalty Corp. (FISH)
- Original source: [tmx](https://money.tmx.com/en/quote/FISH/news/5389567418754934/san-albino-royalty-exploration-update-highlighted-39-15-g-t-au-over-5-9-m-estima)
- Atlas sentiment: 0.493
- Atlas tags: Bonanza Intercept, True Width Disclosed, QA/QC Disclosed

Sailfish Royalty Corp. reported high-grade drill results from Mako Mining's El Golfo prospect in Nicaragua, highlighted by an 8.0 m intercept at 39.15 g/t Au and 27.8 g/t Ag. The mineralization is located near the existing Las Conchitas operation and is hosted within a known structural trend.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Deleterious Elements Present:** Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Growth:** Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** 100% of resource is Inferred category — very early stage, no engineering confidence.
- **Grade Decline:** Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.