Jaguar Mining Launches 5% Share Buyback Program, Plans to Cancel 3.9M Shares

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Jaguar Mining (TSX:JAG) has announced a normal course issuer bid approved by the Toronto Stock Exchange. The company plans to purchase and cancel up to 3,965,404 common shares, representing 5% of its outstanding shares. The bid will run from November 27, 2024 to November 26, 2025, with daily purchases to 19,073 shares. Pollitt & Co. Inc. will execute the purchases at prevailing market prices. The company believes this move will enhance long-term shareholder value and help mitigate dilution from future share issuances. As of November 14, 2024, Jaguar had 79,308,085 common shares outstanding.

Jaguar Mining (TSX:JAG) ha annunciato un’offerta di acquisto di azioni approvata dalla Borsa di Toronto. L’azienda intende acquistare e cancellare fino a 3.965.404 azioni ordinarie, che rappresentano il 5% delle sue azioni in circolazione. L’offerta sarà valida dal 27…

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