Mineros Reports Fourth Quarter and Full-Year 2025 Results – Record Annual Revenue of $800 Million, Net Profit and Free Cash Flow; Production Guidance Exceeded; $42 Million Returned to Investors; 2026 Growth Strategy Announced

About this update from Mineros Sa

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":215,"url":"https://media.zenfs.com/en/business-wire.com/5714c4a26da61c199b536c42e7b81c5d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/15KKq636XK8U5JEjVLcUyQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/5714c4a26da61c199b536c42e7b81c5d","width":480,"height":215}},"lazy":false},{"type":"text","content":"Driven by record gold prices and disciplined operations across Colombia and Nicaragua, Mineros achieved its strongest financial performance in company history – generating $358 million in Adjusted EBITDA and ending 2025 with a virtually debt-free balance sheet of $108 million in cash. Building on this strength, the Company is deploying $113.7 million in capital to expand production capacity, advance its most aggressive exploration program ever, and accelerate the next phase of production growth.","length":500,"tagName":"p"},{"type":"text","content":" MEDELLIN, Colombia, February 18, 2026 --( BUSINESS WIRE )--Mineros S.A. (TSX:MSA, OTCQX:MNSAF, BVC:MINEROS) (" Mineros " or the " Company ") today reported its financial and operating results for the three months and year ended December 31, 2025. All dollar amounts - other than per share amounts - are expressed in thousands of US dollars unless otherwise stated. For further information, please see the Company’s audited consolidated financial statements and management’s discussion and analysis posted on Mineros’ website https://mineros.com.co/en/investors/financial-reports and filed under its profile on www.sedarplus.com .","length":641,"tagName":"p"},{"type":"text","content":" Highlights for the Three Months and Year Ended December 31, 2025 ","length":64,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Record revenues in both the three months and year ended December 31, 2025 of $260,733 and $799,674 respectively.","length":112,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net profit in the three months ended December 31, 2025 of $9,413.","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Record net profit in the year ended December 31, 2025 of $144,984.","length":66,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Earnings per share of $0.03 and $0.49 (basic and diluted earnings) in the three months and year ended December 31, 2025, respectively.","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"$108,005 in cash and cash equivalents as of December 31, 2025 after making the ad-valorem tax (" VAT ") payment of $49.3 million to the Nicaraguan tax authority (" DGI ")","length":186,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Record net cash flows from operating activities were $49,684 for the three months ended December 31, 2025, and for the full year 2025 net cash flows from operating activities rose to a record $198,454.","length":201,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Produced 58,596 ounces of gold in the fourth quarter of 2025, 35,705 ounces from our Nicaraguan operations and 22,891 from our Colombian operation. Gold equivalent (AuEq) ounces 1 produced in the fourth quarter of 2025 were 61,281 compared with 55,511 in the fourth quarter of 2024.","length":281,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Consolidated gold production of 221,608 ounces in 2025 (AuEq - 227,481), 131,831 ounces from our Nicaraguan operations and 89,777 from our Colombian operations.","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Average realized price per ounce of gold sold 1 reached a record high of $4,179 and $3,474 in the three months and year ended December 31, 2025, respectively.","length":157,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash Cost per ounce of gold sold 2 was $2,140 in the three months ended December 31, 2025 and $1,746 in the year ended December 31, 2025.","length":136,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"AISC per ounce of gold sold 1 was $2,486 and $2,032 respectively in the three months and year ended December 31, 2025.","length":117,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Loans and other borrowings totalled $15,398 as at December 31, 2025.","length":68,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Paid $7,362 in dividends in the fourth quarter ended December 31, 2025 and $29,772 for the year ended December 31, 2025.","length":120,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":1803,"olType":false},{"type":"readMore"},{"type":"text","content":"Daniel Henao, President and Chief Executive Officer of Mineros, commented: "Our 2025 results reflect a year of significant operational and financial milestones for Mineros. Driven by record gold prices and growing production across our assets in Colombia and Nicaragua, we achieved record annual revenues of $799.7 million and a record net profit of $145.0 million. Despite the impact of a one-time $49.3 million tax settlement on our quarterly earnings, our underlying cash generation remained robust, ending the year with $108.0 million in cash, a significant account receivable from our refineries of $24 million and a substantially deleveraged balance sheet. This financial strength allows us to continue rewarding shareholders through consistent dividends while we pivot our focus toward high-impact growth and exploration in 2026."","length":847,"tagName":"p"},{"type":"text","content":"Mr. Henao went on to say, "Our 2026 guidance demonstrates a transition in our corporate lifecycle. We are moving beyond a steady-state profile by allocating capital to projects with immediate accretive returns, such as our brownfield initiatives and operational efficiencies. Our focus remains on creating shareholder value through disciplined growth that strengthens cash flow and enhances long-term returns."","length":420,"tagName":"p"},{"type":"text","content":"The following table summarizes the financial highlights for the three months and years ended December 31, 2025 and 2024.","length":120,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;background-color:#CCEEFF;padding-left:0.0px;width:36%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"background-color:#CCEEFF;padding-left:0.0px;vertical-align:middle;","val":[{"type":"text","content":" Three Months Ended On December 31, ","length":35,"tagName":"p","attribs":{}}]},{"colspan":"2","rowspan":"1","style":"background-color:#CCEEFF;padding-left:0.0px;vertical-align:middle;","val":[{"type":"text","content":" Variation 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","length":130,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"During the fourth quarter of 2025, the Company made capital investment 3 of $34,111 in existing mines, and exploration and growth projects, compared with $27,316 in the fourth quarter of 2024; an increase of 25% The increase of $6,795 is due to increased exploration in the Nechí Alluvial and Hemco Properties, the details of which are described in Section 8 under the Capital Expenditures for the three months ended December 31, 2025.","length":434,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":3120,"olType":false},{"type":"text","content":" Financial Highlights for the year ended December 31, 2025 ","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Revenue increased by 48% and totaled $799,674 during the year ended December 31, 2025, compared with $538,566 in the year ended December 31, 2024. The increase in revenue is due to a 46% increase in the average realized price of gold sold and a 4% increase in ounces of gold sold partially offset by a decrease of 4% in silver sales and 24% decrease in energy sales. Gold sales totaled $769,785 at an average realized price per ounce of gold sold of $3,474 in the year ended December 31, 2025, compared with sales of gold of $508,965 at an average realized price per ounce of gold sold of $2,387 in the year ended December 31, 2024.","length":632,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":632,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Cost of sales increased by 34%, to $473,420 in the year ended December 31, 2025, compared with $354,567 in the year ended December 31, 2024. The increase in costs is primarily due to: (i) the higher cost of purchasing ore from BMP in Nicaragua of $75,973 and $9,786 from purchasing ore from CMP in Colombia both due to higher gold prices; (ii) higher taxes and royalties of $17,232 (iii) higher labour costs of $9,880; and (iv) greater maintenance and materials costs of $5,400, offset by lower costs for services like leases and energy of $4,942","length":546,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":546,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Gross Profit increased by 77% to $326,254 in the year ended December 31, 2025, compared with $183,999 in the year ended December 31, 2024; due to a 48% increase in revenue, due to higher gold prices, which was partially offset by a 34% increase in cost of sales as explained above.","length":281,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":281,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Profit for the period was up by 68% to $144,984 or $0.49 per share during the year ended December 31, 2025, compared with $86,552 or $0.29 per share during the year ended December 31, 2024. The increase in profit is due to the increase in gross profit, partially offset by an increase in other expenses of $53,709 and an increase in administrative expenses of $1,498. In addition, as a result of the higher profit before taxes, current tax expenses increased by $35,869.","length":470,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":470,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Adjusted EBITDA was up 71% to $358,405 during the year ended December 31, 2025, compared with $210,099 during the year ended December 31, 2024, due to a 48% increase in revenue, offset by a 34% increase in cost of sales, and an increase of $1,498 in administrative expenses.","length":274,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":274,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" ROCE was 56% as at December 31, 2025, compared with ROCE of 38% as at December 31, 2024. The increase is mainly attributable to a 71% higher Adjusted EBITDA for the trailing 12 months, driven by higher gold prices and a slight increase in production. Average capital employed increased by 25% due to higher investment of property, plant and equipment, and exploration projects, mainly associated with the acquisition of the 80% of the La Pepa Project not already owned. This trend is consistent with the Company’s growth strategy and investment cycle, and will continue to be monitored to ensure sustainable returns over time.","length":626,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":626,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Net Debt was $(92,606) as at December 31, 2025, compared with $(70,483) as at December 31, 2024, due to 12% higher cash and cash equivalents of $108,005, together with 41% lower loans and other borrowings of $15,398, reflecting a strong cash position. The balance sheet remains conservatively structured, providing financial flexibility to support ongoing investments and future growth initiatives.","length":398,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":398,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Dividends Paid were up 8% to $29,772 during the year ended December 31, 2025, compared with $27,663 in the same period of 2024. The period over period increase is due to the fact that the dividend paid in the first quarter of 2024 was $0.0175 corresponding to the $0.07 annual dividend declared in 2023 and paid over four quarters with the final payment made in the first quarter of 2024.","length":388,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":388,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Net cash flows generated by operating activities were up 38% totaling $198,454 in the year ended December 31, 2025, compared with $144,192 in the same period of 2024. The Company’s net free cash flow for the year ended December 31, 2025 totaled $138,649, up from $86,807 in the same period of 2024, due to higher receipts from sales of goods of $239,736 partially offset by greater payments to: suppliers of $106,375 and income tax of $66,941, including the one-time payment in Nicaragua to satisfy the tax dispute; and higher capital expenditures of $43,620 related to purchases of intangible assets and exploration expenditures.","length":630,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":630,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":" Capital investments were up 85% to $140,579 during the year ended December 31, 2025, as investments were made into existing mines and exploration and growth projects, compared with $75,919 in the year ended December 31, 2024. The increase is explained mainly by the acquisition of the remaining 80% interest in the La Pepa Project from Pan American Silver Corp. ("Pan American") and the construction of the extension of the tailings’ impoundment facility at the Hemco Property.","length":487,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":487,"olType":false},{"type":"text","content":" 2026 Guidance ","length":13,"tagName":"p"},{"type":"text","content":"For 2026, Mineros is providing consolidated gold production guidance of 213,000 to 233,000 ounces of gold . This represents an increase of 10,000 ounces relative to 2025 guidance. This increase is the result of a disciplined focus on "quick-return" ounces, prioritizing capital investment toward brownfield projects and operational efficiencies that can be brought online rapidly to maximize free cash flow in a robust commodity market.","length":445,"tagName":"p"},{"type":"text","content":" 2026 Operational & Cost Outlook ","length":35,"tagName":"p"},{"type":"text","content":"The Company’s production and cost guidance reflects a commitment to maintaining healthy margins despite global inflationary pressures.","length":134,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;background-color:#CCEEFF;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Production and Cost Guidance ","length":28,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;background-color:#CCEEFF;padding-left:0.0px;width:10%;","val":[{"type":"text","content":"units","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"background-color:#CCEEFF;padding-left:0.0px;padding-right:0.0px;vertical-align:bottom;width:40%;","val":[{"type":"text","content":" 2026 ","length":4,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Nechí Property (Colombia) ","length":25,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" oz ","length":2,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":" 83,000 – 93,000 ","length":15,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":"AISC per ounce of gold sold (Company Owned Dredges)","length":51,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":"$/oz","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":"$1,820 - $1,920","length":15,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":"AISC Margin (Contract Mining Partners)","length":38,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;vertical-align:bottom;padding-bottom:4.0px;width:40%;","val":[{"type":"text","content":"11 - 14","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Hemco Property (Nicaragua) ","length":26,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":" 130,000 - 140,000 ","length":17,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:50%;","val":[{"type":"text","content":"AISC per ounce of gold sold (Panama & Pioneer)","length":50,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:10%;","val":[{"type":"text","content":"$/oz","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":"$2,000 - $2,100","length":15,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":"AISC Margin (Bonanza Mining Partners)","length":37,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":"%","length":1,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;padding-right:0.0px;vertical-align:bottom;padding-bottom:4.0px;width:40%;","val":[{"type":"text","content":"39 - 41","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Consolidated ","length":12,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:bottom;border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;padding-right:0.0px;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Gold production ","length":15,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" oz ","length":2,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":" 213,000 – 233,000 ","length":17,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" Cash Cost per ounce of gold sold 1 ","length":33,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" $/oz ","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":" $2,070 - $2,170 ","length":15,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:50%;","val":[{"type":"text","content":" AISC per ounce of gold sold 1 ","length":28,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-bottom:solid black 1.0pt;padding-left:0.0px;width:10%;","val":[{"type":"text","content":" $/oz ","length":4,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"border-bottom:solid black 1.0pt;padding-left:0.0px;width:40%;vertical-align:bottom;padding-right:0.0px;","val":[{"type":"text","content":" $2,370 - $2,470 ","length":15,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"3","rowspan":"1","style":"padding-left:0.0px;","val":[{"type":"text","content":"Note to Guidance: The gold price assumed was $4,405. While our 2026 guidance is anchored in our primary gold reserves, the Company continues to optimize silver recovery at the Hemco processing plant. Although silver is not currently classified as either a Mineral Reserve or a Mineral Resource, we expect improvements to our ability to recover silver will provide a positive impact on our revenues and consolidated AISC. For reporting purposes, any silver recovered will be disclosed as gold equivalent (AuEq) production using the then-average price per ounce sold of each metal.","length":579,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"3","rowspan":"1","style":"padding-left:0.0px;","val":[{"type":"text","content":"1. These measures are forward-looking non-IFRS financial measures. For further information concerning the equivalent historical non-IFRS financial measures, see Section 10 – Non-IFRS and Other Financial Measures in this MD&A.","length":229,"tagName":"p","attribs":{}}]}]}],"length":1323},{"type":"text","content":"In 2026, the Hemco Property (Nicaragua) is expected to deliver solid performance with gold production guidance of 130,000–140,000 ounces. The Panama & Pioneer operations are expected to have an AISC range of $2,000–$2,100 per ounce. In addition, the Bonanza Mining Partners arrangement is expected to generate a 39%–41% AISC margin, supporting a resilient contribution profile","length":380,"tagName":"p"},{"type":"text","content":" Capital Expenditures ("CAPEX"): Financing the Growth Horizon ","length":70,"tagName":"p"},{"type":"text","content":"The 2026 CAPEX budget is structured to balance sustaining requirements with high-impact growth initiatives.","length":107,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;padding-left:0.0px;width:25%;","val":[{"type":"text","content":" Category ","length":8,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"vertical-align:top;border-top:solid black 1.0pt;border-bottom:solid black 1.0pt;padding-left:0.0px;width:25%;","val":[{"type":"text","content":" Investment (US$) 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