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Xali Gold Expands Portfolio with Acquisition of Peru's Pico Machay Gold Project
Xali Gold expands its portfolio by acquiring the Pico Machay Gold Project in Peru, enhancing its mining capabilities and potential for future hydrothermal circulation discoveries.
- On October 23, 2025, Xali Gold Corp. signed a Share Purchase Agreement to acquire Minera Calipuy S.A.C., which owns the Pico Machay Gold Project in Central Peru.
- The acquisition from Pan American Silver Corp. and Aquiline Resources Inc. marks a significant step for Xali Gold in the competitive mining sector, particularly in gold exploration.
- Pico Machay is expected to benefit from advanced engineering techniques and the potential for rich hydrothermal circulation, increasing the projects attractiveness to investors.
Por Qué Es Relevante
This acquisition is significant as it positions Xali Gold to leverage new opportunities in the gold mining sector in Peru, a region known for its rich mineral resources. It also reflects broader trends in the mining industry, where companies seek strategic acquisitions to enhance their exploration and production capabilities.