Xali Gold Closes US$17 Million Acquisition of Pico Machay Gold Project in Peru

Xali Gold Corp. ( (TSE:XGC) ) has issued an announcement.

Xali Gold Corp. has closed the acquisition of the Pico Machay Gold Project in Peru by purchasing Minera Calipuy S.A.C. from Pan American Silver and its subsidiary Aquiline Resources, securing full ownership of an advanced-stage gold asset with a near-term production objective. The company has made an initial US$500,000 payment and agreed to a structured, secured payment schedule of up to US$17 million over five years, including a contingent payment tied to delineating more than 1.25 million ounces of gold resources, while granting Pan American an unlimited and indefinite indemnity over all project liabilities. The deal gives Xali Gold 100% interest in 17 mining rights in good standing to 2039 and leaves the project subject to an existing 1% net smelter return royalty now held by Triple Flag Precious Metals, as Xali Gold prepares to update the historical resource estimate and revisit prior engineering work to fast-track Pico Machay toward production.

Spark’s Take on TSE:XGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:XGC is a Underperform.

Xali Gold Corp.’s stock score is low due to significant financial instability, including zero revenue and high leverage. Technical indicators show neutral momentum, while valuation metrics are unfavorable. Recent corporate events indicate potential for exploration and strategic growth, but the current financial position heavily weighs down the overall score.

To see Spark’s full report on TSE:XGC stock, click here.

More about Xali Gold Corp.

Xali Gold Corp. is a Vancouver-based mineral exploration and development company focused on gold projects in Peru. Through subsidiaries such as Minera Calipuy S.A.C. and Candente Gold Peru S.A.C., it targets advanced-stage assets with potential for near-term, low-cost open-pit, heap-leach gold production, positioning itself to benefit from the current strong gold price environment.

Average Trading Volume: 260,849

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$14.97M

For detailed information about XGC stock, go to TipRanks’ Stock Analysis page.