Capital Financing
Mineros Switzerland AG enters gold repurchase transactions for net proceeds of US$73,224 and US$32,000
Amount raised
US$73,224 and US$32,000
Net proceeds from two gold repurchase transactions
Summary
Mineros S.A. reported in its third-quarter 2026 results that its wholly-owned subsidiary, Mineros Switzerland AG, entered into two physically settled gold posted and repurchase transactions. On October 16, 2026 it posted 20,000 ounces of gold for net proceeds of US$73,224, and on October 29, 2026 it posted 8,981 ounces of gold for net proceeds of US$32,000. The company states that Mineros S.A. guarantees the subsidiary’s obligations. The company states that, because it retains the economic exposure to the price of gold, the transactions will be accounted for as financial liabilities and require additional cash margin to be posted if the gold price declines. The company states that the net proceeds are being used for general corporate purposes.
Offer terms
| Term | Detail |
|---|---|
| Instrument | Two physically settled gold posted and repurchase transactions entered into by Mineros Switzerland AG, guaranteed by Mineros S.A. |
| Tranches | First transaction on October 16, 2026: 20,000 ounces of gold posted for net proceeds of US$73,224 (after posting an upfront independent amount of US$8,696 as collateral), with an obligation to repurchase the gold on October 19, 2027. Second transaction on October 29, 2026: 8,981 ounces of gold posted for net proceeds of US$32,000, with an obligation to repurchase the gold on February 2, 2027 |
Use of proceeds
- The net proceeds are being used for general corporate purposes
Timetable
| October 16, 2026 | First transaction: 20,000 ounces of gold posted |
|---|---|
| October 29, 2026 | Second transaction: 8,981 ounces of gold posted |
| February 2, 2027 | Obligation to repurchase the gold posted in the second transaction |
| October 19, 2027 | Obligation to repurchase the gold posted in the first transaction |
Source: Mineros announcement dated 11 November 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
