A Move to Strengthen the Portfolio
On October 24, 2025, Xali Gold Corp. announced its plan to acquire the Pico Machay gold project in south- central Peru, in a transaction disclosed through GlobeNewswire. The acquisition is part of the company’s growth strategy to expand its footprint across Latin America’s Andean gold belt, a region known for both artisanal and large-scale mining potential. Pico Machay adds a near-development asset to Xali Gold’s portfolio, positioning the company for accelerated entry into production.
Project Potential and Transaction Scope
The Pico Machay property, located in the Ayacucho region, hosts an established resource base supported by historical drilling and feasibility studies. Xali Gold intends to review and update technical data to align the project with current environmental and regulatory standards before initiating development. The company’s leadership emphasized that this acquisition complements its existing projects in Mexico and Peru, creating a balanced exploration-to-development pipeline within stable jurisdictions.
Gold Sector Resilience and Investor Confidence
The move underscores the continued resilience of Peru’s gold sector, which remains a critical component of national exports despite volatility in global prices. Analysts view the acquisition as a signal of renewed investor interest in mid-tier exploration and redevelopment projects across the Andes. For Xali Gold, Pico Machay could serve as a strategic foothold in one of South America’s most geologically favorable zones for precious metals, reinforcing the company’s long-term growth narrative.