{"id":92002,"date":"2026-10-17T07:39:00","date_gmt":"2026-10-17T04:39:00","guid":{"rendered":"https:\/\/geoconversation.org\/?post_type=news&#038;p=92002"},"modified":"2026-10-16T08:56:40","modified_gmt":"2026-10-16T05:56:40","slug":"solidcore-buys-back-1-2-billion-in-shares-tenders-exceeded-the-limit","status":"publish","type":"news","link":"https:\/\/geoconversation.org\/en\/news\/solidcore-buys-back-1-2-billion-in-shares-tenders-exceeded-the-limit\/","title":{"rendered":"Solidcore Buys Back $1.2 Billion in Shares: Tenders Exceeded the Limit"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Gold mining company Solidcore Resources has completed a share buyback of nearly $1.2 billion. Shareholders tendered more than 103 million shares, exceeding the set limit of 102.9 million. The buyback price was $11.66 per share.<\/p>\n\n<p class=\"wp-block-paragraph\">The company intends to complete settlements with shareholders as soon as possible. After that, Solidcore\u2019s treasury holding will reach 226.3 million shares, and the number of voting shares will stand at 340.2 million. Repurchased shares carry no voting rights and pay no dividends. There are no plans to cancel them for now.<\/p>\n\n<p class=\"wp-block-paragraph\">The stake of key shareholder Maaden International Investment SPC will rise to 41.3% of share capital following the transaction.<\/p>\n\n<p class=\"wp-block-paragraph\">Solidcore is among Kazakhstan\u2019s <a href=\"https:\/\/geoconversation.org\/en\/shorts\/gold-mining-countries-who-is-really-the-leader-in-the-world-ranking\/\" data-type=\"link\" data-id=\"https:\/\/geoconversation.org\/shorts\/strany-po-dobyche-zolota-mirovoy-reyting-lidery-zolotodobychi\/\" target=\"_blank\" rel=\"noopener\">largest gold producers<\/a> and owns the Kyzyl deposit. The company previously announced it will locate its headquarters in Astana, in the nine-story Muscat Tower business center. Oman\u2019s sovereign fund will finance 85% of the construction of the building.<\/p>\n\n<p class=\"wp-block-paragraph\">A buyback of this size noticeably changes Solidcore\u2019s capital structure and strengthens the position of its main shareholder. For the market, it is a signal that the company is ready to invest free cash in its own shares, not only in mining.<\/p>\n\n<p class=\"has-text-align-right has-small-font-size wp-block-paragraph\">Source: NBK.kz<br\/>Image: Solidcore Resources<\/p>\n\n<p class=\"has-text-align-right has-small-font-size wp-block-paragraph\"> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold mining company Solidcore Resources has completed a share buyback of nearly $1.2 billion. Shareholders tendered more than 103 million shares, exceeding the set limit of 102.9 million. The buyback price was $11.66 per share. The company intends to complete settlements with shareholders as soon as possible. After that, Solidcore\u2019s treasury holding will reach 226.3 [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":92003,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_titles_title":"Solidcore Buys Back $1.2B in Shares at $11.66","_seopress_titles_desc":"Tenders exceeded the 102.9 million share limit, and Maaden will hold 41.3%. Learn about treasury shares, plans for Astana, and the Kyzyl project.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[549],"tags":[550,575],"class_list":["post-92002","news","type-news","status-publish","has-post-thumbnail","category-mining","tag-gold-and-precious-metals","tag-mineral-markets"],"acf":[],"pbg_featured_image_src":{"full":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij.webp",1200,798,false],"thumbnail":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-150x100.webp",150,100,true],"medium":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-300x200.webp",300,200,true],"medium_large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-768x511.webp",768,511,true],"large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-1024x681.webp",1024,681,true],"1536x1536":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij.webp",1200,798,false],"2048x2048":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij.webp",1200,798,false],"bricks_large_16x9":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-1200x675.webp",1200,675,true],"bricks_large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij.webp",1200,798,false],"bricks_large_square":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij.webp",1200,798,false],"bricks_medium":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-600x399.webp",600,399,true],"bricks_medium_square":["https:\/\/geoconversation.org\/wp-content\/uploads\/2026\/10\/solidcore-obratnyj-vykup-akcij-600x600.webp",600,600,true]},"pbg_author_info":{"display_name":"Yulia Frolova","author_link":"https:\/\/geoconversation.org\/en\/author\/giulia-nikolaevna\/","author_img":false},"pbg_comment_info":" No Comments","pbg_excerpt":"Gold mining company Solidcore Resources has completed a share buyback of nearly $1.2 billion. Shareholders tendered more than 103 million shares, exceeding the set limit of 102.9 million. The buyback price was $11.66 per share. The company intends to complete settlements with shareholders as soon as possible. After that, Solidcore\u2019s treasury holding will reach 226.3&hellip;","_links":{"self":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news\/92002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/comments?post=92002"}],"version-history":[{"count":1,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news\/92002\/revisions"}],"predecessor-version":[{"id":92004,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news\/92002\/revisions\/92004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/media\/92003"}],"wp:attachment":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/media?parent=92002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/categories?post=92002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/tags?post=92002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}