Mineros Seeks Shareholder Approval for $58 Million Special Dividend

Mineros S.A. is asking shareholders to approve a one-time $58 million cash dividend, a proposed $0.20 per common share payout that would be separate from its annual dividend.

The Colombian gold producer would fund the distribution by releasing occasional reserves built from profits in fiscal years that ended on or before Dec. 31, 2025. Mineros shares trade on the Toronto Stock Exchange as MSA, on the Colombia Stock Exchange as MINEROS and on OTCQX as MNSAF.

The proposed payment would add to the $0.10-per-share annual ordinary dividend shareholders approved March 27. That dividend is paid in quarterly installments of $0.025 per share.

If approved, the special dividend would be paid in one installment Dec. 4 to shareholders of record Dec. 1. Mineros’ board recommends the proposal, which shareholders will vote on at a special meeting Nov. 24 at 10 a.m. ET.