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MEDELLIN, Colombia - Latin American gold producer Mineros S.A. (TSX:MSA, MINEROS:CB), which has maintained dividend payments for 53 consecutive years according to InvestingPro data, announced it will launch a share repurchase program through the Colombian Stock Exchange starting Monday, September 1, 2025.
The company plans to buy back common shares with a maximum aggregate value of $12 million during the five-day offer period ending September 5, 2025. If shares tendered exceed the $12 million limit, purchases will be made on a pro-rata basis from participating shareholders.
The repurchase program, known as an "Oferta de Readquisicion de Acciones" (ORA), will not operate through the Toronto Stock Exchange facilities. Mineros stated the offer is not subject to regulation as an issuer bid under Canadian securities laws.
This announcement follows the company’s July 18 commitment to update the market on its share repurchase plans. The final number of shares to be purchased will depend on shareholder participation and prevailing market conditions.
Mineros operates gold mines in Colombia and Nicaragua and has development projects across Latin America, including the La Pepa Project in Chile. The company has been in operation for nearly 50 years.
The information in this article is based on a press release statement from Mineros S.A.
In other recent news, MSA Safety reported impressive second-quarter results for 2025, surpassing market expectations. The company achieved earnings per share of $1.93, exceeding the forecasted $1.78, resulting in an 8.43% surprise. Revenue also outperformed predictions, reaching $474 million compared to the anticipated $446.46 million, marking a 6.17% surprise. Following these results, Stifel raised its price target for MSA Safety to $187, maintaining a Hold rating, while DA Davidson increased its price target to $208, maintaining a Buy rating. Both firms highlighted the company’s strong performance and future growth prospects, with DA Davidson noting expectations of low-single-digit organic growth for the year. In leadership news, MSA Safety appointed Julie A. Beck as the new Chief Financial Officer, effective August 18. Beck brings experience from her previous role as CFO at Terex Corp. These developments reflect MSA Safety’s strong market position and strategic leadership moves.
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