Metals Exploration (“MTL”) has released an update on progress with the development of the company’s La India project in Nicaragua. Construction is at 24%, ahead of schedule which envisaged 20% at this point. Management has retained guidance for first gold in December 2026 and announced the plant capacity should be scaled up from 1.4Mt/year to 1.8Mt/year with capex moving up from US$160m to US$165m to be funded from MTL’s cash resources and cashflow from the Runruno mine in the Philippines. This ....
