Perseus Mining increases share buy-back to A$150 million
Key points
- Perseus Mining has increased its on-market share buy-back to A$150 million
- The company has already spent A$100 million on the buy-back
- The buy-back reflects confidence in the company's balance sheet and cash flows
Full summary
Perseus Mining Limited has increased its on-market share buy-back program to A$150 million, up from the initial A$100 million announced in August 2025. The company has already purchased 19,077,751 shares at an average price of A$5.24 per share. The expanded buy-back program is in line with the company's Capital Allocation Framework to return capital to shareholders. Since the inception of the buy-back program in August 2024, Perseus has purchased a total of 45,076,176 shares at an average price of A$4.07 per share. The decision to increase the buy-back program underscores the Board's confidence in the company's balance sheet and market-leading free cash flow.
Guidance
Perseus Mining has already spent A$100 million on the buy-back.
Outlook
The expanded buy-back program allows Perseus Mining to efficiently return value to shareholders while preserving its strong balance sheet to execute corporate growth initiatives.
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