08:42 AM EDT, 08/25/2025 (MT Newswires) -- Mineros ( MNSAF ) , which gained near 5% to 52-week highs last Friday, said its board instructed management to explore a potential debt financing transaction to fund growth plans.

The company said on Monday that it is expanding its exploration programs and wholly owned operations and has decided to explore alternatives to efficiently fund such expansion. It added: "Despite a 88% rise in Mineros' ( MNSAF ) share price during 2025, management and the board continue to see significant upside in the value of the company, particularly when compared to similar sized gold-producing peers. Accordingly, management has determined to explore debt financing options (including bonds and/or loans) offering superior value to shareholders compared to an equity funding."

In advance of a potential offering, Mineros ( MNSAF ) has engaged with leading credit rating agencies to provide management an independent assessment of its financial health and creditworthiness.

Shares of the company closed up $0.140 to $3.07 on Friday on the Toronto Stock Exchange.