Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul>
<li>Mineros reported strong Q1 production with 60.8Koz AuEq, displaying 10% YoY growth.</li>
<li>Production of 57.9Koz of gold and 162Koz of silver beat our estimates of 55.6Koz and 87Koz, driven by outperformance at Hemco.</li>
<li>The plant capacity expansion at Hemco remains a key focus in 2026 and has already achieved 2,100tpd vs. the 2,500tpd year-end target.</li>
</ul>


Mineros reported strong Q1 production with 60.8Koz AuEq, displaying 10% YoY growth.
Production of 57.9Koz of gold and 162Koz of silver beat our estimates of 55.6Koz and 87Koz, driven by outperformance at Hemco.
The plant capacity expansion at Hemco remains a key focus in 2026 and has already achieved 2,100tpd vs. the 2,500tpd year-end target.


Mineros SA

MSA: Q1 Production Beat Driven by Hemco