A-Mark Precious Metals Increases Share Repurchase Program and Extends Expiration Date

EL SEGUNDO, Calif., June 05, 2023 (GLOBE NEWSWIRE) -- The board of directors of A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, has authorized an increase in the number of shares which may be repurchased under the Company’s existing share repurchase program and extended the expiration date of the program from June 30, 2023 to June 30, 2028. Under the revised program, A-Mark is authorized to repurchase up to 1,000,000 shares of its outstanding common stock, in addition to the 335,735 shares repurchased under the program as of March 31, 2023.

“The increased authorization underscores the strength of our fully integrated platform and the board’s confidence in our ability to continue investing for the long term, while opportunistically creating shareholder value through our repurchase program,” said A-Mark CEO Greg Roberts.

The actual number of shares repurchased and the timing of repurchases will be determined by management and will depend on a number of factors, including stock price, trading volume, general market conditions, working capital requirements, and other factors. The stock repurchase program may be modified, suspended, or terminated at any time. Repurchases of shares under the program may be made through open market purchases or privately negotiated transactions, including repurchase plans that satisfy the conditions of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

About A-Mark Precious Metals
Founded in 1965, A-Mark Precious Metals, Inc. is a leading fully integrated precious metals platform that offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers via a portfolio of channels. The company conducts its operations through three complementary segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The company’s global customer base spans sovereign and private mints, manufacturers and fabricators, refiners, dealers, financial institutions, industrial users, investors, collectors, e-commerce customers and other retail customers.