Mineros completes $12 million share repurchase program

Mineros S.A. (TSX: MSA) completed its $12 million share repurchase program that was open to Colombian shareholders from September 1 through September 5, 2025, according to a company statement.

The gold mining company received tenders for 11,377,004 shares, representing 283% of the approved maximum. Mineros will repurchase 3,956,885 shares at $2.99 per share, which the company said represents a 9.1% premium to the closing price on September 5, 2025. The settlement date is scheduled for September 12, 2025.

Following the transaction, Mineros' outstanding shares will decrease from 299,737,402 to 295,780,517 shares. The share repurchase program was approved at the company's General Shareholders' Meeting on March 31, 2025.

"We continue to see significant upside and positive price movement for Mineros shares," said David Londoño, President and Chief Executive Officer. "We believe Mineros' current share price continues to offer significant value to shareholders compared to the universe of peers in the gold mining industry."

The Colombia-based company operates mines in Colombia and Nicaragua, with development and exploration projects throughout Latin America including the La Pepa Project in Chile. Mineros shares trade on the Toronto Stock Exchange under the symbol MSA and on the Colombia Stock Exchange under the symbol MINEROS.

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