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News  ›  Benzinga

Xali Gold Outlines Plans for Pico Machay Gold Project in Peru

Benzinga Logo Benzinga By Globe Newswire
Xali Gold Outlines Plans for Pico Machay Gold Project in Peru

Xali Gold announced plans to advance the Pico Machay Gold Project in Central Peru, acquiring the project from Pan American Silver through a $17.5M share purchase agreement. The project has a historic gold resource of 710,600 ounces and offers potential for near-term production exploration.

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PAAS   neutral

Selling a non-core asset while retaining certain security interests, indicating a strategic portfolio management decision