ASX- and TSX-listed Perseus Mining, with gold initiatives in Ghana and Côte d’Ivoire, has authorised a rise of A$50-million to an lively on-market share buyback programme, bringing it to A$150-million.
The corporate on June 12 reached A$100-million of an A$100-million on-market share buyback introduced in August 2025.
Underneath this buyback, Perseus has bought 19.08-million shares.
Aligned to the corporate’s communicated Capital Allocation Framework to return capital to shareholders, the board has authorised the rise.
Because the inception of the share buyback programmes in August 2024, Perseus has bought a complete of 45.08-million shares totalling A$183.5-million.
The upsized buyback underscores the board’s confidence within the firm’s steadiness sheet and the present operations’ market-leading free money move, enabling Perseus to return capital to shareholders whereas persevering with to fund its natural progress pipeline, it factors out.
The expanded buyback might be performed in accordance with all relevant ASX Itemizing Guidelines and Companies Act necessities.
The timing, quantity, and actual pricing of share repurchases will rely fully on prevailing market circumstances and share value ranges.
“The choice to broaden our on-market buyback to A$150-million emphasises our clear deal with complete shareholder return and capital allocation self-discipline. Our operations proceed to provide stable and sustained money flows.
“Given the present market circumstances proceed to undervalue our high-margin manufacturing profile and natural upside, shopping for again our personal shares represents a extremely accretive use of capital. This growth permits us to effectively return worth to our shareholders whereas preserving our sturdy steadiness sheet to execute our company progress initiatives,” says CEO and MD Craig Jones.
