Central Asia Metals plc today started to buy back up to 18,190,494 ordinary shares of US$0.01 each, for up to a maximum aggregate value of US$10 million.
PROGRAMME
Shareholders granted the company the authority to purchase the shares, via the London Stock Exchange, at its 2025 annual general meeting.
Central will continue the programme until 31 March 2026, or until the purchased number of shares equal to $10m, or if it terminates or pauses the buyback.
The company holds copper production assets in Kazakhstan and lead-zinc production in North Macedonia, as well an investment in nickel-copper-cobalt exploration in Scotland.
For the first half of 2025, the group posted revenue of $99.5m and cash of $47.7m, a decrease from $67.6m as at 31 December 2024.
Post period, Central received $18.7m and a break-fee of $1.6m from selling shares in Australian explorer New World Resources, which it had tried to buy.