Mineros launches its own stock buyback on the Colombia Exchange... for 5 trading days

Latin American gold producer Mineros will conduct a share buyback through the Colombian Stock Exchange.
The buyback will take place over five trading days from May 11 to 15, with a maximum repurchase amount of $15 million, approximately 219.83B Korean won.

The company stated that this share buyback is the first implementation of the buyback plan approved at the annual general meeting on March 27 of this year.
At that time, shareholders approved a buyback plan with a maximum of $80 million and authorized the board of directors to execute the plan through one or more public acquisitions within three years starting from March 27, 2026.

The public buyback will determine the price through an “order demand forecast” method on the Colombian securities market.
Shareholders can submit their desired selling price and quantity or indicate acceptance of the company’s future determined buyback price.
The final purchase price and actual buyback amount will be decided by the company based on the order book structure and market conditions at that time.
Funds will be paid within three business days after the allocation date.

The final number of shares repurchased will depend on the actual subscription volume.
If the total value of shares submitted at or below the determined purchase price exceeds $15 million, the company will proportionally allocate the purchased shares to each subscribing shareholder.

Not to be conducted on the Toronto Stock Exchange

This buyback will not be carried out on the Toronto Stock Exchange.
Mineros believes that this transaction does not fall under the scope of “issuer public acquisitions” regulated by Canadian securities law.
The company plans to announce the final buyback amount and the actual number of shares acquired separately at a later date.

Mineros is a gold mining company headquartered in Medellín, Colombia, operating assets in Colombia and Nicaragua.
The company is also advancing the La Pepa project in Chile and exploration projects in the Tolima region of Colombia.
With over 50 years of operational history, its core principles are safety, sustainability, and conservative capital allocation.

The company’s stock is listed on the Toronto Stock Exchange under the ticker Mineros ($MSA), on the Colombian Stock Exchange as Mineros (MINEROS), and on the OTCQX in the United States under the ticker MNSAF.

Demonstrating shareholder return intentions but market condition variables remain

This buyback is interpreted as a measure to demonstrate stock price stability and strengthen shareholder return commitments.
Especially amid expectations of rising gold prices and improved cash flow in the mining industry, Mineros is more actively engaging in capital allocation, which may attract market attention.

However, the company stated that this public buyback “may change depending on market conditions.”
The actual buyback price and volume may also vary based on subscription scale, market liquidity, and investor response, with the final outcome to be confirmed through subsequent announcements.

Mineros also added that, although forward-looking statements regarding future performance, exploration, development, and production plans are included, these are based on current management assumptions, and actual results may differ significantly.
This buyback could be a short-term stock price boost or the beginning of a medium- to long-term capital policy, which warrants attention.

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The main content may be incomplete or inconsistent with facts.