Mineros Announces Share Repurchase Offer in Colombia to Commence
Mineros Announces Share Repurchase Offer in Colombia to Commence
September 1, 2025
(all dollar amounts are expressed in U.S. dollars)
MEDELLIN, Colombia--(BUSINESS WIRE)--August 27, 2025--Mineros S.A. (TSX:MSA,
MINEROS:CB) (“Mineros” or the “Company”), a leading gold producer in Latin America,
announces, following a commitment made on July 18, 2025 to update the market, that it 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 starting on Monday, September
1, 2025, and ending on September 5, 2025. The maximum aggregate value of the common shares
to be purchased under the ORA will be $12.0 million. The final number of shares purchased
under the ORA will be determined based on the number of common shares tendered to the ORA.
In the event that common shares having a value exceeding $12.0 million are tendered to the
ORA, common shares will be purchased 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.
Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The
Company has a diversified asset base, with mines in Colombia and Nicaragua and a pipeline of
development and exploration projects throughout the region including the La Pepa Project in
Chile.
The board of directors and management of Mineros have extensive experience in mining,
corporate development, finance and sustainability. Mineros has a long track record of
maximizing shareholder value and delivering solid annual dividends. For almost 50 years
Mineros has operated with a focus on safety and sustainability at all its operations.
Mineros’ common shares are listed on the Toronto Stock Exchange under the symbol “MSA”,
and on the Colombia Stock Exchange under the symbol “MINEROS”.
This press release is neither an offer to sell nor a solicitation of an offer to buy any securities in
the United States or elsewhere.
Election of Directors – Electoral Quotient System
The Company has been granted an exemption from the individual voting and majority voting
requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that
compliance with such requirements would constitute a breach of Colombian laws and regulations
which require the directors to be elected on the basis of a slate of nominees proposed for election
pursuant to an electoral quotient system. For further information, please see the Company’s most
recent annual information form, available on the Company’s website at
https://www.mineros.com.co/ and from SEDAR+ at www.sedarplus.com.
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, statements with respect to the Company's intention to repurchase its shares,
and the maximum size, timing and outcome of the ORA.
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 and 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 31, 2025, 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 forward-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 otherwise, except as and to the extent
required by applicable securities laws.
Contacts
For further information, please contact:
Ann Wilkinson
Vice President, Investor Relations
+1 (647) 496-3011
Juan Obando
Director, Investor Relations
(+57) 574 266 5757