Mineros announced yesterday the start of the second phase of ordinary share buybacks totaling US$66.7 million through the Colombia Stock Exchange.
The general buyback program was approved by the General Shareholders' Assembly on March 27 this year with a total budget of US$80 million. In the first phase, which ended on May 26, US$13.3 million was executed.
Operations in the second phase may be carried out until March 27, 2029, or until the funds are exhausted. The value of daily transactions may not exceed 25% of the average daily volume traded on the BVC during the previous 90 trading days.
These transactions will be governed by the rules of the Colombia Stock Exchange and will not be executed on the Toronto Stock Exchange, even though the company is also listed there. The program is headed by Daniel Henao.
