Xali Gold Corp. has acquired the Pico Machay gold project in Peru, enhancing its production potential in a favorable mining environment.

Target Information

The Canadian mining company Xali Gold Corp. has successfully acquired the Pico Machay gold project, located in Huancavelica, following the purchase of Minera Calipuy SAC, which holds a 100% interest in the asset. This acquisition represents a key milestone in Xali Gold's strategy to integrate projects with near-term production potential in established mining jurisdictions.

The Pico Machay project, which is in an advanced exploration stage, was acquired from Pan American Silver Corp. and its subsidiary Aquiline Resources Inc. With the completion of this transaction, Xali Gold now fully controls Pico Machay, regarded as a valuable asset with immediate worth and significant growth potential.

Industry Overview in Peru

Peru is recognized as a leading mining destination in Latin America, possessing rich mineral resources and a robust mining infrastructure that attracts both large corporations and junior mining companies. The country ranks among the top