Mineros S.A. Launches Share Repurchase Program in Colombia Starting May 11, 2026

Introduction

Mineros S.A., a leading mining company in Colombia, has unveiled a new share repurchase program set to begin on May 11, 2026. This initiative aims to strengthen shareholder value and provide liquidity to investors seeking to exit their positions.

What Is a Share Repurchase?

A share repurchase, or buy‑back, is when a company buys its own outstanding shares from the market. The key benefits include:

• Boosting earnings per share (EPS) by reducing share count.
• Signaling confidence in the company’s future prospects.
• Providing an exit option for shareholders without a public offering.

Program Timeline

The repurchase will be conducted in two phases:

1. Phase 1 – Open Market Purchases (May 11 – June 30, 2026): Mineros S.A. will buy shares on the Bolsa de Valores de Colombia (BVC) at prevailing market prices.
2. Phase 2 – Tender Offer (July 1 – July 31, 2026): Shareholders may tender a limited number of shares at a fixed price of COP 12,500 per share.

Eligibility

All shareholders on the BVC record date of May 10, 2026 are eligible. Both institutional investors and retail holders can participate in the tender offer, but each shareholder may tender a maximum of 5 % of their total holdings.

How to Participate

Investors should follow these steps:

1. Log in to your brokerage portal.
2. Confirm your share balance as of May 10, 2026.
3. Choose either to sell on the open market during Phase 1 or submit a tender request for Phase 2.
4. Submit the tender form by July 31, 2026, 5:00 PM COT.

Financial Impact

The company plans to repurchase up to 2 million shares, representing roughly 3 % of the total outstanding shares. At the fixed tender price, the total outlay could reach COP 25 billion. Analysts expect the buy‑back to lift the stock’s price by 4‑6 % within three months post‑completion.

Why This Matters for Shareholders

• Liquidity: Immediate cash for those who wish to reduce exposure.
• Value Creation: Reducing share count generally improves key ratios.
• Market Confidence: Demonstrates that Mineros S.A. believes its shares are undervalued.

Potential Risks

While the buy‑back is positive, shareholders should consider:

• Tax implications of capital gains.
• Opportunity cost if the share price continues to rise after the tender period.
• Liquidity constraints if the market price falls below the tender price.

Conclusion

Mineros S.A.’s share repurchase program, commencing May 11, 2026, offers a strategic avenue for shareholders to realize value and for the company to reinforce its financial position. By understanding the timeline, eligibility, and potential impacts, investors can make informed decisions that align with their portfolio goals.