Perseus enlarges share buyback programme
ASX- and TSX-listed Perseus Mining, with gold projects in Ghana and Côte d’Ivoire, has approved an increase of A$50-million to an active on-market share buyback programme, bringing it to A$150-million.
The company on June 12 reached A$100-million of an A$100-million on-market share buyback announced in August 2025.
Under this buyback, Perseus has purchased 19.08-million shares.
Aligned to the company’s communicated Capital Allocation Framework to return capital to shareholders, the board has approved the increase.
Since the inception of the share buyback programmes in August 2024, Perseus has purchased a total of 45.08-million shares totalling A$183.5-million.
The upsized buyback underscores the board’s confidence in the company’s balance sheet and the current operations' market-leading free cash flow, enabling Perseus to return capital to shareholders while continuing to fund its organic growth pipeline, it points out.
The expanded buyback will be conducted in accordance with all applicable ASX Listing Rules and Corporations Act requirements.
The timing, volume, and exact pricing of share repurchases will depend entirely on prevailing market conditions and share price levels.
“The decision to expand our on-market buyback to A$150-million emphasises our clear focus on total shareholder return and capital allocation discipline. Our operations continue to produce solid and sustained cash flows.
“Given the current market conditions continue to undervalue our high-margin production profile and organic upside, buying back our own shares represents a highly accretive use of capital. This expansion allows us to efficiently return value to our shareholders while preserving our strong balance sheet to execute our corporate growth initiatives,” says CEO and MD Craig Jones.
