West Africa–focused gold producer Perseus Mining Limited (ASX/TSX:PRU) has extended its on-market share buy-back for a further 12 months after failing to acquire additional shares during the first two months of the programme, the company said in a notice to the Australian Securities and Investments Commission (ASIC).

The miner, which has operations in Ghana and Côte d’Ivoire, and a development project in Sudan (Block 14), originally renewed the buy-back on August 28, 2025, authorising repurchases of up to AUD100mn ($64.6mn) over one year. As no further shares have been purchased since that announcement, the company was required to file a new notification or allow the programme to lapse.

Perseus said the extension will run on the same terms as before, now ending on August 28, 2026. A new Appendix 3C detailing the conditions of the buy-back was released to the ASX on Tuesday.

The buy-back will be carried out in the ordinary course of trading over the next nine months. The size and timing of any repurchases will depend on market conditions, the company’s share price, capital requirements and other unforeseen developments, Perseus said.

The company cautioned there is no assurance it will repurchase the full AUD100mn allocation and noted it reserves the right to suspend or terminate the programme if circumstances require.

Australian-listed companies often keep repurchase authorities active even when not deploying capital immediately, allowing tactical flexibility as conditions change.

Perseus operates three gold mines across Ghana and Côte d’Ivoire — Yaouré, Sissingué and Edikan — producing roughly 500,000 oz annually, with a development project at Block 14 in Sudan.