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Andes, Metminco merger to broaden Colombia focus

Sandfire Resources-backed Andes Resources is planning to merge with ASX-listed Metminco, creating a gold exploration company with a “dominant tenement position in the Quinchia and Andes gold districts of the richly endowed Mid-Cauca gold and copper-gold belt in Colombia”.

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Metminco's Quinchia project

The managing director of the unlisted Andes, Jason Stirbinskis, will become the MD of the enlarged Metminco, with fellow Andes director Ross Ashton coming across to a new board that will be chaired by