May 2026
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Largest Metals & Mining Public Companies in Colombia
Benchmark revenue and EBITDA valuation multiples for public comps like
Mineros, PazdelRío and Antioquia Gold.
 | Mineros SA is a precious metals producer with gold production, development, and exploration stage properties in Latin and South America, including Colombia and Nicaragua. Its principal producing mining properties are the Nechi Alluvial mine in Colombia and the Pioneer and Panama mines in Nicaragua. The Group operates in two principal countries, Colombia (Nechi Alluvial) and Nicaragua (HEMCO Nicaragua). The Group also has gold exploration projects, including the La Pepa project in Chile, included in the Segment Chile (La Pepa). Key revenue is generated from Nicaragua (HEMCO Nicaragua). | $4 | +115% | $1B | $1B | 1.4x | 3.1x | ||
| Acerias Paz del Rio SA is engaged in the production, processing, marketing, and distribution of elements and raw materials necessary for the steel industry, as well as its products, and to carry out all kinds of industrial, commercial, and distribution activities related to steel and steel industry products. | $0 | -10% | $26M | $107M | 0.3x | 4.0x | ||
| Antioquia Gold Inc is a Canada-based mineral exploration and development company. It is engaged in the acquisition, exploration, evaluation, and development of mineral resource properties in Colombia. The company's project includes the Cisneros project. The project covers approximately 5,630 hectares and is located in the central portion of the department of Antioquia, about 80 kilometers northeast of Medellin. The company has one operating and reporting segment in mining. Geographically, the company derives a majority of its revenue from Colombia and also has a presence in Barbados and Canada. | $0 | 0% | $16M | $145M | — | — | ||
| Median | $0 | 0% | $26M | $145M | 0.8x | 3.5x |
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