Sumitomo Metal Mining executes share repurchase program

** Sumitomo Metal Mining (TSE: 5713) has announced the status of its ongoing share repurchase program. As of June 30, 2025, the company repurchased 1,047,000 of its own common shares for a total cost of JPY3,501,183,800. This repurchase occurred between June 1, 2025, and June 30, 2025. This activity is part of a broader repurchase plan approved by the Board of Directors on May 12, 2025, which authorized the repurchase of up to 8,300,000 shares, representing 3.02% of outstanding shares, for a maximum total amount of JPY15,000,000,000. The repurchase period for the overall plan extends from May 13, 2025, to September 22, 2025, and is being conducted through market purchases via a discretionary dealing contract. Cumulatively, since the May 12th resolution, Sumitomo Metal Mining has repurchased 2,594,400 shares for a total of JPY8,501,183,200. These repurchases are made under the provisions of Article 165 of the Companies Act of Japan, aiming to improve capital efficiency and deliver shareholder returns.