Perseus Mining extends A$100m share buy-back program

Perseus Mining Limited (ASX/TSX:PRU) announced on November 25, 2025, a further extension of its on-market buy-back program. Originally renewed on August 28, 2025, for a twelve-month period to repurchase up to A$100 million worth of shares, the company is now extending the program until August 28, 2026. This extension was necessary as no shares have been acquired since the initial renewal, requiring a further notice to ASIC to prevent the program from lapsing.

The extended buy-back will continue on the same terms and is detailed in a new Appendix 3C released to ASX today, superseding and replacing the Appendix 3C dated August 27, 2025. The company proposes to buy back a maximum of 40,000,000 ordinary fully paid shares. The buy-back, which does not require security holder approval, will commence on December 15, 2025.

Barrenjoey Market Pty Limited will act as the broker for the buy-back, with consideration paid in AUD. The final amount and timing of trades are subject to market conditions, Perseus's share price, future capital requirements, and unforeseen developments. Perseus reserves the right to suspend or terminate the buy-back at any time.