Minco Gold (TSE:MMM) has released an update.
Minco Capital Corp. has announced the launch of a Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float, commencing June 3, 2024, and concluding by June 2, 2025, unless the share repurchase limit is reached sooner. The move, approved by the Board, reflects the belief that the current market price doesn’t fully value the company’s shares and aims to enhance shareholder value. The stock buyback will be managed by Raymond James Ltd., with the purchased shares slated for cancellation.
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