BVC:MINEROS TSX:MSA OTCQX:MNSAF MINEROS.COM.CO Mineros S.A. to Repurchase Shares in Colombia Commencing May 11, 2026
BVC:MINEROS TSX:MSA OTCQX:MNSAF MINEROS.COM.CO
Mineros S.A. to Repurchase Shares in Colombia Commencing May 11,
2026
Medellin, Colombia – May 8, 2026 – Mineros S.A. (TSX:MSA,OTCQX:MNSAF, BVC:MINEROS)
(“Mineros” or the “Company”), a leading gold producer in Latin America, will commence an offer
to repurchase its common shares (an Oferta de Readquisicion de Acciones , or “ORA”) through
the facilities of the Colombian Stock Exchange for five business days starting on Monday, May
11, 2026, and ending on May 15, 2026. The maximum aggregate value of the common shares to
be repurchased under the ORA will be $15.0 million.
The ORA was 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 $80.0 million, to be executed through one or more repurchase offers within a
maximum period of three (3) years from March 27, 2026 (the “Share Repurchase Program”), and
(ii) authorized the Board of Directors to regulate the Share Repurchase Program and define and
approve its specific terms and conditions.
The repurchase price for each common share will be determined through a book -building
mechanism, pursuant to which eligible shareholders will indicate the price at which they are willing
to sell a specified number of shares, or their willingness to accept the repurchase price, during
the acceptance period. The repurchase price and the maximum amount to be repurchased will
be determined by the Company based on the structure of the order book and prevailing market
conditions at the time of adjudication. Payment will be made on the third business day following
the date of adjudication.
The final number of shares repurchased under the ORA will be determined based on the number
of common shares tendered to the ORA. In the event that common shares tendered below or at
the determined repurchase price hav e a value exceeding $1 5.0 million, common shares will be
repurchased from the tendering shareholders on a pro-rata basis.
The ORA is subject to applicable market conditions. Further details regarding the ORA, including
the final aggregate value and number of common shares repurchased, will be announced as they
become available.
The ORA will not be made through the facilities of the Toronto Stock Exchange. Mineros has
determined that the ORA is not subject to regulation as an “issuer bid” under applicable Canadian
securities laws.
ABOUT MINEROS S.A.
BVC:MINEROS TSX:MSA OTCQX:MNSAF 2
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.
Election of Directors – Electoral Quotient System
The Company has received an exemption from the individual and majority voting requirements
applicable to TSX -listed issuers. Compliance with such requirements would conflict with
Colombian laws and regulations, which require directors to be elected from a slate of nominees
under an electoral quotient system. Additional details are available in the Company’s most recent
Annual Information Form, accessible on the Company’s website at www.mineros.com.co and on
SEDAR+ at www.sedarplus.com.
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
commencement of the share buyback, the timing and amount of repurchases of shares; the
Company’s planned exploration, development and production activities; and any other statement
that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results,
performance or achievements.
BVC:MINEROS TSX:MSA OTCQX:MNSAF 3
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 annual information form dated March 25, 2024, 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
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.