logo
Mineros S.A. Announces Share Repurchase Program in the Colombian Public Market

Mineros S.A. Announces Share Repurchase Program in the Colombian Public Market

Business Wire18-07-2025
MEDELLIN, Colombia--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) (' Mineros ' or the ' Company '), a leading gold producer in Latin America, today announced that its Board of Directors has authorized the commencement of a share repurchase program, following the repurchase plan's approval by the General Shareholders' Meeting on March 31, 2025, under which the Company may repurchase common shares of the Company up to the value of US$12 million through the Colombian Stock Exchange (Bolsa de Valores de Colombia, or the ' BVC ').
The share repurchase program will remain in effect until March 31, 2027, or when the maximum value of shares has been repurchased, whichever condition is met first, unless extended or terminated earlier by the Company. The repurchases will be made in accordance with applicable Colombian regulations, including those established by the Financial Superintendent of Colombia (Superintendencia Financiera de Colombia), and will be conducted through open market transactions at prevailing market prices.
The Company believes that the repurchase of its shares represents an attractive opportunity to deploy capital efficiently and reflects its confidence in the long-term value of Mineros' gold production. Repurchased shares will be held in treasury.
'This share buyback program reflects our continued commitment to delivering value to our shareholders and our confidence in the strength of our balance sheet and future cash flows,' said David Londoño, President and Chief Executive Officer.
The timing and amount of any share repurchases will depend on market conditions, share price, and other factors. The Company is under no obligation to repurchase any specific number of shares and may modify, suspend or discontinue the program at any time.
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.
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 over 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'.
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.
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.
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 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 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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...
FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...

Yahoo

time6 minutes ago

  • Yahoo

FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...

Consolidated Revenues: Record per certificate results in underlying US dollar terms. NOI (Net Operating Income): Record results driven by robust lease GLA performance. AFFO (Adjusted Funds From Operations): $30 million, an 8.6% increase year over year. Distribution Yield: Attractive dollarized cash yield of 8% with a mid 80% payout ratio. Leasing Activity: 1.3 million square feet executed, rental rates grew by 6.8% to $6.45 per square meter. Renewal Spreads: Achieved 28% on commercially negotiated leases. Industrial Occupancy: 94.8%, up 10 basis points sequentially. Retail Portfolio NOI Growth: 4.5% for the quarter. Retail Occupancy: 93.4%, up more than 130 basis points year over year. Real Estate Net LTV: Below 33% as of June 30. Liquidity: $420 million US. Debt Repayment: $50 million US during 2Q '25. FY25 AFFO Guidance: $115 to $119 million US. Cash Distributions Guidance: MXN2.45 per certificate for FY25. FX Assumption Update: Revised to MXN18.5 per US dollar from 20.5%. Warning! GuruFocus has detected 8 Warning Signs with DBMBF. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points FIBRA Macquarie (DBMBF) reported record per certificate results in key metrics such as consolidated revenues, NOI, AFFO, and NAV for the second quarter of 2025. The industrial portfolio maintained a high occupancy rate of 94.8% and achieved a 6.8% increase in rental rates, reaching $6.45 per square meter. The company successfully executed 1.3 million square feet of leasing activity with notable renewal spreads of 28% on commercially negotiated leases. FIBRA Macquarie's retail portfolio showed steady improvements with a 4.5% NOI growth and occupancy reaching a post-pandemic high of 93.4%. The company maintains a strong balance sheet with a real estate net LTV below 33% and robust liquidity of $420 million US, allowing for strategic growth and development opportunities. Negative Points Macroeconomic uncertainties, including tariff negotiations and geopolitical factors, are contributing to slower decision-making and impacting new leasing activities. The company faces challenges in larger Class A buildings due to tenants' hesitance in making significant CapEx decisions amid the current macro backdrop. There is a general softness in near-shoring markets such as Monterrey, Juarez, and Reynosa, which remain relatively weak. FIBRA Macquarie's development program faces potential risks related to increased land prices and infrastructure costs, which could impact yield on cost levels. The company is trading at a significant discount to its asset value, raising questions about potential buybacks and capital allocation priorities. Q & A Highlights Q: What is the current gap between your interest rents and the market trends for your industrial portfolio? A: Simon Hanna, CEO, stated that they achieved record spreads of 28% in the second quarter. They are on track to meet their goal of double-digit spreads for the year, with only 5% of scheduled expirations remaining. They expect to maintain solid double-digit spreads with the remaining leases. Q: Can you provide insights into the retail activity and its resilience to tariff noise affecting the industrial portfolio? A: Simon Hanna, CEO, mentioned that retail, which contributes about 15% of their overall NOI, had a strong quarter. They see more tailwinds than headwinds for the second half of the year, with expectations of resilient performance in key metrics like occupancy and rental rates. The recent peso appreciation has also been beneficial. Q: Could you comment on the commercialization for the FRISA JV in Tijuana? A: Simon Hanna, CEO, expressed excitement about the project, which is still in preparatory stages. The location is favorable for both manufacturing and logistics due to its proximity to labor and transport connections. Tijuana shows relative activity compared to other near-shoring markets, and they feel confident about going vertical there earlier. Q: Are there any risks to the yield on cost levels between 9% and 11% for your CapEx program? A: Andrew McDonald-Hughes, CFO, stated they remain confident in maintaining those levels despite increases in land prices and infrastructure costs. They expect the lower end of the range in active markets like Tijuana and Mexico City, with other markets trending towards the midpoint. Q: Are there any refinancing activities planned to extend maturities or optimize your debt structure? A: Andrew McDonald-Hughes, CFO, confirmed they are actively planning to extend maturities and optimize their debt structure, maintaining leverage guidance between 30% and 35% LTV. They see positive indications from debt markets and are confident in delivering solid results. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

China's Xi Makes Trump Wait for Leader Talks
China's Xi Makes Trump Wait for Leader Talks

Newsweek

time7 minutes ago

  • Newsweek

China's Xi Makes Trump Wait for Leader Talks

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The White House has been optimistic about the prospects for an in-person summit with Chinese President Xi Jinping—the first of President Donald Trump's second term. Yet analysts say the Chinese leader is likely holding out for concrete deliverables before agreeing to the high-profile meeting. All Eyes on Sweden Trump dramatically escalated the trade war with the world's second-largest economy in April, rolling out sweeping new tariffs that prompted China to respond with its own export duties and other measures. While Trump has said that "the confines of a deal" are in place ahead of a third round of talks between U.S. and Chinese negotiators, set for Sweden next week, several contentious issues remain unresolved. These include ongoing U.S. curbs on advanced chip exports to China and persistent geopolitical friction over influence in Asia and Beijing's threats toward Taiwan. Newsweek reached out to the White House and Chinese embassy in the U.S. via email for comment. Europe's Role Patrick Cronin, Asia-Pacific security chair at the Hudson Institute, told Newsweek: "A Xi-Trump summit is highly probable, but withholding final approval until Beijing can button down more information and as many concessions as possible is no doubt part of Xi's calculus." "What China and the United States can each negotiate with the EU will also help inform the China-US trade bargain that will be at the heart of any Xi-Trump summit," Cronin said. After months of efforts with dozens of countries, the White House recently secured a handful of deals with Japan, Vietnam, the Philippines and Indonesia, Cronin added. In a picture combination created on May 14, 2020, Chinese President Xi Jinping, left, and U.S. President Donald Trump are shown. In a picture combination created on May 14, 2020, Chinese President Xi Jinping, left, and U.S. President Donald Trump are shown. Dan Kitwood, Nicholas Kamm/AFP via Getty Images Among the deals Trump hopes to achieve is with the EU—a traditionally U.S.-aligned bloc that has become increasingly alienated by Trump's unpredictable trade moves and controversial domestic policies. Analysts say China has been seeking to exploit this rift and achieve a thaw in ties with Brussels that has deteriorated over issues like alleged Chinese market flooding with state-subsidized electric vehicles, human rights concerns and Beijing's support for Russia amid the war in Ukraine. Sean King, an Asia scholar and senior vice president at Park Strategies, told Newsweek: "PRC [People's Republic of China] leaders have long seen Europe as a comparatively easier mark, as the continent doesn't have America's Asian security concerns and obligations." He added, "It's probably better for Trump to first line up what he says are trade deals with friends and allies before going for the big one with Beijing." While European Commission President Ursula von der Leyen's visit to Beijing this week yielded a memorandum of understanding on climate change and an agreement to facilitate rare-earth exports, analysts note that a fundamental shift in EU-China ties remains elusive. Timetable Uncertain U.S. Secretary of State Marco Rubio, visiting Malaysia earlier this month for meetings with his Chinese counterpart Wang Yi, said that "the odds are high" a Trump-Xi summit will take place by the end of the year. Rosemary Foot, professor and senior research fellow at the University of Oxford's Department of Politics and International Relations, told Newsweek it's unlikely Xi is counting on Europe as leverage in his dealings with the White House. "I think that it is to do with China's more general approach to the Trump administration which is to wait for some intention to offer a serious deliverable from the meeting and perhaps also to paint President Trump as supplicant," she said. Trump and Xi last met in 2019 at the G20 summit in Osaka, Japan.

FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...
FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...

Yahoo

time36 minutes ago

  • Yahoo

FIBRA Macquarie (DBMBF) Q2 2025 Earnings Call Highlights: Record Performance Amid Macroeconomic ...

Consolidated Revenues: Record per certificate results in underlying US dollar terms. NOI (Net Operating Income): Record results driven by robust lease GLA performance. AFFO (Adjusted Funds From Operations): $30 million, an 8.6% increase year over year. Distribution Yield: Attractive dollarized cash yield of 8% with a mid 80% payout ratio. Leasing Activity: 1.3 million square feet executed, rental rates grew by 6.8% to $6.45 per square meter. Renewal Spreads: Achieved 28% on commercially negotiated leases. Industrial Occupancy: 94.8%, up 10 basis points sequentially. Retail Portfolio NOI Growth: 4.5% for the quarter. Retail Occupancy: 93.4%, up more than 130 basis points year over year. Real Estate Net LTV: Below 33% as of June 30. Liquidity: $420 million US. Debt Repayment: $50 million US during 2Q '25. FY25 AFFO Guidance: $115 to $119 million US. Cash Distributions Guidance: MXN2.45 per certificate for FY25. FX Assumption Update: Revised to MXN18.5 per US dollar from 20.5%. Warning! GuruFocus has detected 8 Warning Signs with DBMBF. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points FIBRA Macquarie (DBMBF) reported record per certificate results in key metrics such as consolidated revenues, NOI, AFFO, and NAV for the second quarter of 2025. The industrial portfolio maintained a high occupancy rate of 94.8% and achieved a 6.8% increase in rental rates, reaching $6.45 per square meter. The company successfully executed 1.3 million square feet of leasing activity with notable renewal spreads of 28% on commercially negotiated leases. FIBRA Macquarie's retail portfolio showed steady improvements with a 4.5% NOI growth and occupancy reaching a post-pandemic high of 93.4%. The company maintains a strong balance sheet with a real estate net LTV below 33% and robust liquidity of $420 million US, allowing for strategic growth and development opportunities. Negative Points Macroeconomic uncertainties, including tariff negotiations and geopolitical factors, are contributing to slower decision-making and impacting new leasing activities. The company faces challenges in larger Class A buildings due to tenants' hesitance in making significant CapEx decisions amid the current macro backdrop. There is a general softness in near-shoring markets such as Monterrey, Juarez, and Reynosa, which remain relatively weak. FIBRA Macquarie's development program faces potential risks related to increased land prices and infrastructure costs, which could impact yield on cost levels. The company is trading at a significant discount to its asset value, raising questions about potential buybacks and capital allocation priorities. Q & A Highlights Q: What is the current gap between your interest rents and the market trends for your industrial portfolio? A: Simon Hanna, CEO, stated that they achieved record spreads of 28% in the second quarter. They are on track to meet their goal of double-digit spreads for the year, with only 5% of scheduled expirations remaining. They expect to maintain solid double-digit spreads with the remaining leases. Q: Can you provide insights into the retail activity and its resilience to tariff noise affecting the industrial portfolio? A: Simon Hanna, CEO, mentioned that retail, which contributes about 15% of their overall NOI, had a strong quarter. They see more tailwinds than headwinds for the second half of the year, with expectations of resilient performance in key metrics like occupancy and rental rates. The recent peso appreciation has also been beneficial. Q: Could you comment on the commercialization for the FRISA JV in Tijuana? A: Simon Hanna, CEO, expressed excitement about the project, which is still in preparatory stages. The location is favorable for both manufacturing and logistics due to its proximity to labor and transport connections. Tijuana shows relative activity compared to other near-shoring markets, and they feel confident about going vertical there earlier. Q: Are there any risks to the yield on cost levels between 9% and 11% for your CapEx program? A: Andrew McDonald-Hughes, CFO, stated they remain confident in maintaining those levels despite increases in land prices and infrastructure costs. They expect the lower end of the range in active markets like Tijuana and Mexico City, with other markets trending towards the midpoint. Q: Are there any refinancing activities planned to extend maturities or optimize your debt structure? A: Andrew McDonald-Hughes, CFO, confirmed they are actively planning to extend maturities and optimize their debt structure, maintaining leverage guidance between 30% and 35% LTV. They see positive indications from debt markets and are confident in delivering solid results. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store