BVC:MINEROS TSX:MSA OTCQX:MNSAF MINEROS.COM.CO Mineros S.A. Returns Capital to Shareholders with Share Repurchase Program in Colombia
BVC:MINEROS TSX:MSA OTCQX:MNSAF MINEROS.COM.CO
Mineros S.A. Returns Capital to Shareholders with Share Repurchase Program in
Colombia
Medellin, Colombia – May 21, 2026 – Mineros S.A. (TSX:MSA, OTCQX:MNSAF,
BVC:MINEROS) (“Mineros” or the “ Company”), a leading gold producer in Latin America,
announces that it is repurchasing 2,986,851 common shares of the Company at a price of
COP$16,500, which is equivalent to C$6.06 per share (COP$2,722.15/CAD$1.00 on May 15,
2026) for a total aggregate value of COP$49,283,041,500 (US$13.3 million
(COP$3,796.87/US$1.00) under the share repurchase offer (an Oferta de Readquisición de
Acciones, or “ ORA”), carried out through the facilities of the Colombian Stock Exchange (the
“BVC”) from May 11, 2026 to May 15, 2026. The price represents a premium of 13.8% compared
to the closing price of the Company’s common shares on the BVC on May 15, 2026. The
settlement date for the repurchases will be May 26, 2026.
Shares tendered to the ORA total ed 6,572,905 shares representing 195% of the maximum
amount.
The ORA was conducted pursuant to the Share Repurchase Program approved by the General
Shareholders’ Assembly of Mineros at its ordinary meeting held on March 27, 2026, which (i)
approved a share repurchase program for an aggregate value of up to USD$80.0 million, to be
executed through one or more repurchase offers within a maximum period of three (3) years from
March 27, 2026, and (ii) authorized the Board of Directors to regulate the Share Repurchase
Program and define and approve its specific terms and conditions. The completion of this ORA
represents the first tranche executed under the Share Repurchase Program.
Following settlement, the number of outstanding common shares of the Company will decrease
from 295,780,517 to 292,793,666 shares.
About Mineros S.A.
Mineros is a leading Latin American gold mining company headquartered in Medellín, Colombia.
The Company operates a diversified portfolio of assets in Colombia and Nicaragua and
maintains a pipeline of development and exploration projects across the region, including the La
Pepa Project in Chile and the exploration project in Tolima near Cajamarca, Colombia.
With more than 50 years of operating history, Mineros maintains a longstanding focus on safety,
sustainability, and disciplined capital allocation. Its common shares are listed on the Toronto
Stock Exchange (MSA) and the Colombian Stock Exchange (MINEROS) and trade on the
OTCQX® Best Market under the symbol MNSAF.
BVC:MINEROS TSX:MSA OTCQX:MNSAF 2
For Further Information, Please Contact:
Ann Wilkinson
Vice President, Investor Relations
+1 (647) 496-3011
Juan Obando
Director, Investor Relations
+57 (4) 266-5757
FORWARD-LOOKING STATEMENTS
This news release contains “forward looking information” within the meaning of applicable
Canadian securities laws. Forward looking information includes statements that use forward
looking terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”,
“expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”,
“view” or the negative or grammatical variation thereof or other variations thereof or comparable
terminology. Such forward looking information includes, without limitation, the timing of the
completion of the share buyback, the timing and amount of repurchases of shares; and any other
statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity,
results, performance or achievements.
Forward looking information is based upon estimates and assumptions of management in light of
management’s experience and perception of trends, current conditions and expected
developments, as well as other factors that management believes to be relevant and reasonable
in the circumstances, as of the date of this news release. While the Company considers these
assumptions to be reasonable, the assumptions are inherently subject to significant business,
social, economic, political, regulatory, competitive an d other risks and uncertainties,
contingencies and other factors that could cause actual actions, events, conditions, results,
performance or achievements to be materially different from those projected in the forward looking
information. Many assumptions are based on factors and events that are not within the control of
the Company and there is no assurance they will prove to be correct.
For further information of these and other risk factors, please see the “Risk Factors” section of
the Company’s most recent annual information form, available on SEDAR+ at
www.sedarplus.com.
The Company cautions that the foregoing lists of important assumptions and factors are not
exhaustive. Other events or circumstances could cause actual results to differ materially from
those estimated or projected and expressed in, or implied by, the forw ard looking information
BVC:MINEROS TSX:MSA OTCQX:MNSAF 3
contained herein. There can be no assurance that forward looking information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward looking information.
Forward looking information contained herein is made as of the date of this news release and the
Company disclaims any obligation to update or revise any forward looking information, whether
as a result of new information, future events or results or other wise, except as and to the extent
required by applicable securities laws.