Metals Exploration Advances Construction for Gold Output Target in December 2026
Metals Exploration PLC is progressing with the development of its La India gold project in Nicaragua, aiming to achieve first production by December 2026. As of August 15, 2026, construction milestones include a near-complete process plant and infrastructure, including civil works at over 90% completion. The company has also secured $27 million in equipment financing from Banco de America Central for mining operations. The project is on track despite international shipping disruptions affecting material deliveries due to the conflict in Iran. Metals Exploration reported that approximately 244,000 tons of ore have been stockpiled ahead of commissioning and anticipates higher-than-expected gold output at its Runruno operation in the Philippines this year. CEO Darren Bowden highlighted strong progress across multiple fronts, including installation of key equipment such as ball mills and CIL tanks. The La India project is part of a broader concession area now spanning 1,222 km² following Metals Exploration's acquisition from Condor Gold.
Tickers: $CAT
Topics: gold mining Nicaragua project development