AMRK AMARK PRECIOUS Metals

A-Mark Precious Metals Increases Share Repurchase Program

A-Mark Precious Metals Increases Share Repurchase Program

EL SEGUNDO, Calif., Nov. 20, 2023 (GLOBE NEWSWIRE) -- The board of directors of (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.

Under the revised program, A-Mark is authorized to repurchase up to 1,221,152 shares of its outstanding common stock, in addition to the 778,848 shares repurchased under the program through November 14, 2023, for a total of 2 million shares. As previously reported, the Company repurchased 171,268 shares during the fiscal first quarter of 2024 ended September 30, 2023. In the fiscal second quarter of 2024, the Company has repurchased an additional 303,417 shares through November 17, 2023. The share repurchase program expires on June 30, 2028.

“We continue to view our share repurchase program as an attractive investment opportunity for the Company and another way to deliver value to our shareholders,” 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.

A-Mark’s Wholesale Sales & Ancillary Services segment distributes and purchases precious metal products from sovereign and private mints. As a U.S. Mint-authorized purchaser of gold, silver, and platinum coins since 1986, A-Mark purchases bullion products directly from the U.S. Mint for sale to customers. A-Mark also has longstanding distributorships with other sovereign mints, including Australia, Austria, Canada, China, Mexico, South Africa, and the United Kingdom. The company sells more than 200 different products to e-commerce retailers, coin and bullion dealers, financial institutions, brokerages, and collectors. In addition, A-Mark sells precious metal products to industrial users, including metal refiners, manufacturers, and electronic fabricators.

Through its A-M Global Logistics subsidiary, A-Mark provides its customers with a range of complementary services, including managed storage options for precious metals as well as receiving, handling, inventorying, processing, packaging, and shipping of precious metals and coins on a secure basis. A-Mark’s mint operations, which are conducted through its wholly owned subsidiary , enable the company to offer customers a wide range of proprietary coin and bar offerings and, during periods of market volatility when the availability of silver bullion from sovereign mints is often product constrained, preferred product access.

A-Mark’s Direct-to-Consumer segment operates as an omni-channel retailer of precious metals, providing access to a multitude of products through its wholly owned subsidiaries, and . JM Bullion is a leading e-commerce retailer of precious metals and operates seven separately branded, company-owned websites targeting specific niches within the precious metals market: , , , , , and . JMB also owns , an online platform where customers can purchase and sell fractional shares of digital gold, silver, platinum, and palladium bars in a range of denominations. Goldline markets precious metals directly to the investor community through various channels, including television, radio, and telephonic sales efforts. A-Mark also holds minority ownership interests in four additional direct-to-consumer brands.

The company operates its Secured Lending segment through its wholly owned subsidiary, Collateral Finance Corporation (). Founded in 2005, CFC is a California licensed finance lender that originates and acquires loans secured by bullion and numismatic coins. Its customers include coin and precious metal dealers, investors, and collectors.

A-Mark is headquartered in El Segundo, CA and has additional offices and facilities in the neighboring Los Angeles area as well as in Dallas, TX, Las Vegas, NV, Winchester, IN, and Vienna, Austria. For more information, visit .

A-Mark periodically provides information for investors on its corporate website, , and its investor relations website, . This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and investor presentations.

Important Cautions Regarding Forward-Looking Statements

Statements in this press release that relate to future plans and expectations regarding the Company’s share repurchase program are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause the actual conduct of the share repurchase program to differ materially from those expressed or implied in these statements. Factors that could cause the conduct of the share repurchase program to differ, in addition to those mentioned above, include the following: the performance of the Company’s business generally; the cash needed by the Company to fund its operations; the Company’s acquisition strategy; the Company’s dividend policy; and general economic, legal and market considerations pertaining to share repurchase programs. For factors pertaining to risks and uncertainties relating to the performance of the Company’s business generally, readers are advised to refer to the Risk Factors described in the Company’s public filings with the SEC.

The Company undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Company Contact:

Steve Reiner, Executive Vice President, Capital Markets & Investor Relations

A-Mark Precious Metals, Inc.

310.587.1410

Investor Relations Contact:

Matt Glover and Greg Bradbury

Gateway Group, Inc.

1-949-574-3860



EN
20/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on AMARK PRECIOUS Metals

 PRESS RELEASE

A-Mark Precious Metals Reports Fiscal Third Quarter 2025 Results

A-Mark Precious Metals Reports Fiscal Third Quarter 2025 Results Q3 FY 2025 Net Loss of $8.5 Million and Q3 YTD FY 2025 Net Income of $7.0 Million Non-GAAP Adjusted Net Income of $5.7 Million and Non-GAAP EBITDA of $1.3 Million in Q3 FY 2025 Q3 FY 2025 Diluted Loss per Share of ($.36) and Q3 YTD FY 2025 Diluted Earnings Per Share of $0.29 Credit Facility Amended Increasing Revolving Commitment to $467.0 Million Company Reaffirms Regular Quarterly Cash Dividend Policy of $0.20 Per Share EL SEGUNDO, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a...

 PRESS RELEASE

A-Mark Precious Metals Sets Fiscal Third Quarter Earnings Call for Wed...

A-Mark Precious Metals Sets Fiscal Third Quarter Earnings Call for Wednesday, May 7th at 4:30 p.m. ET EL SEGUNDO, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, will hold a conference call on Wednesday, May 7, 2025 at 4:30 p.m. Eastern time to discuss results for the fiscal third quarter ended March 31, 2025. Financial results will be issued in a press release prior to the call. A-Mark management will host the presentation, followed by a question-and-answer period. A-Mark’s conference call can be accessed as follo...

 PRESS RELEASE

A-Mark Precious Metals Appoints Cary Dickson as Chief Financial Office...

A-Mark Precious Metals Appoints Cary Dickson as Chief Financial Officer Effective July 1, 2025 Approves Three-Year Contract Extensions for President Thor Gjerdrum and Chief Operating Officer Brian Aquilino EL SEGUNDO, Calif., April 14, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its Board of Directors has appointed Cary Dickson as Chief Financial Officer effective July 1, 2025. Mr. Dickson, who previously served as the company’s CFO from November 2015 through September 2019, will...

 PRESS RELEASE

A-Mark Precious Metals Announces Quarterly Cash Dividend and the Closi...

A-Mark Precious Metals Announces Quarterly Cash Dividend and the Closing of Its Acquisition of AMS Holding, LLC EL SEGUNDO, Calif., April 04, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: AMRK) (A-Mark), a leading fully integrated precious metals platform, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, maintaining the company's current dividend program. The dividend is payable on April 29, 2025, to stockholders of record as of April 15, 2025.   On April 1, 2025, A-Mark completed the acquisition of the 90% of AMS Holding, LLC (AMS) not previous...

 PRESS RELEASE

A-Mark Continues Expansion into the Bullion Adjacent Collectible Coin ...

A-Mark Continues Expansion into the Bullion Adjacent Collectible Coin Market by Acquiring Stack’s Bowers Galleries, AMS Holding, LLC, and Pinehurst Coin Exchange, Inc. EL SEGUNDO, Calif., March 10, 2025 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK) (A-Mark or the Company), a leading fully integrated precious metals platform, announced its continued expansion into the collectible coin market with the following acquisitions: On February 28, 2025, A-Mark completed the previously reported acquisition of Spectrum Group International, Inc. (SGI), the parent of Stack’s Bowers ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch