Mineros completed its $12 million share buyback program.

Mineros announced the completion of its share buyback program, authorized by the General Shareholders' Meeting on March 31 and carried out through an independent mechanism on the Colombian Stock Exchange (BVC).

The process, whose acceptance period ran from September 1 to 5, received applications for 11,377,004 shares, equivalent to 283 percent of the maximum allowed in the offering. Ultimately, the company will repurchase 3,956,885 shares at a price of 12,000 pesos per share, representing a 9.1 percent premium over the closing price on September 5.

The transaction, which closes on September 12th, will reduce the number of outstanding shares from 299,737,402 to 295,780,517 , completing the repurchase program for a total of $12 million.

David Londoño, executive director of Mineros, noted that the decision reaffirms confidence in the company's value.

“We continue to see significant upside potential and positive performance in Mineros' share price. As we highlighted in our September corporate presentation, we believe the current share price offers significant value for our shareholders ,” Londoño said.

The buyback program was conceived as a mechanism for returning capital to shareholders and as a strategy to strengthen the market value of the stock, amidst volatile international metal prices and adjustments to the company's investment strategy.

Based in Medellín, Mineros has established itself as one of the most important gold producers in Latin America. The company not only maintains operations in Colombia but also develops strategic projects in Nicaragua and Chile , where it is advancing La Pepa, considered a key pillar of its regional growth plan.

For nearly five decades, the company has combined consistent financial results with a management focus on sustainability and worker safety. This balance has earned the trust of investors and strengthened its position in the competitive international gold market.