Mineros completes $13.3 million share repurchase in Colombia

Mineros S.A. (TSX: MSA) completed a share repurchase program in Colombia, buying back 2,986,851 common shares at COP$16,500 per share for a total value of COP$49.3 billion ($13.3 million), according to a company statement.

The repurchase was conducted through the Colombian Stock Exchange from May 11 to May 15, 2026, with settlement scheduled for May 26, 2026. The purchase price represented a 13.8% premium to the closing price on May 15, 2026.

The offer was oversubscribed, with shareholders tendering 6,572,905 shares, representing 195% of the maximum amount the company sought to repurchase.

Following the transaction, Mineros' outstanding share count will decrease from 295,780,517 to 292,793,666 shares. The repurchase represents the first tranche of a broader share repurchase program approved by shareholders in March 2026.

The company's shareholders authorized a total repurchase program valued at up to $80 million, to be executed over a maximum period of three years from March 27, 2026. The board of directors was granted authority to determine specific terms and conditions for individual repurchase offers under the program.

Mineros operates gold mining assets in Colombia and Nicaragua, with additional development projects in Chile. The company's shares trade on the Toronto Stock Exchange and Colombian Stock Exchange, and on the OTCQX market under the symbol MNSAF.

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