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Sandfire-backed Andes merging with Metminco

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".

Michael Quinn
Metminco's Quinchia project

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'll be chaired by Metminco's...

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