Finance
Solidcore says it will buy back almost $80 million worth of shares from EuroClear
Published by Global Banking and Finance Review
Posted on December 4, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 4, 2025
1 min readLast updated: January 20, 2026
Solidcore Resources plans to buy back over $80 million worth of shares from EuroClear, with the transaction set for December 19.
MOSCOW, Dec 4 (Reuters) - Kazakhstan gold miner Solidcore Resources said on Thursday that it plans to buy back more than 30 million shares deposited in EuroClear at $2.57 per share, for a total value of $78,498,588.
In a statement, it said the buyback, which will take place on December 19, would be denominated in UAE dirhams.
(Reporting by Anastasia Lyrchikova; Writing by Felix Light; Editing by Joe Bavier)
A share buyback occurs when a company purchases its own shares from the marketplace, reducing the number of outstanding shares. This can increase the value of remaining shares and is often seen as a sign of financial strength.
EuroClear is a financial services company that provides settlement and custody services for securities transactions. It plays a crucial role in the clearing and settlement of trades in various financial markets.
The UAE dirham is the currency of the United Arab Emirates. It is abbreviated as AED and is subdivided into 100 fils. The dirham is pegged to the US dollar, providing stability in exchange rates.
Market capitalization refers to the total market value of a company's outstanding shares of stock. It is calculated by multiplying the current share price by the total number of shares. It helps investors assess a company's size and growth potential.
A statement in finance typically refers to a formal document that summarizes the financial position of an individual or organization, detailing income, expenses, assets, and liabilities over a specific period.
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