Gold Fields subsidiary plans to buy stock in Peru-focused mining company

20th May 2022

By: Marleny Arnoldi

Deputy Editor Online


Font size: - +

TSX-V-listed Chakana Copper Corporation has announced a private placement of up to 63-million units of the company at a price of C$0.11 apiece, for gross proceeds of up to C$7-million.

Each unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant.

Each warrant entitles the holder to buy an additional share at a price of C$0.20 apiece, for two years from the closing of the private placement.

An indirect subsidiary of South Africa-headquartered gold miner Gold Fields, Gold Fields Nazca Holdings, has stated its intention to participate in the financing.

Chakana will use the proceeds for exploration and development activity on the copper/gold/silver Soledad project, located in the Ancash region of Peru, as well as for working capital purposes.

As of January 11, the project had an inferred resource hosting 191 000 oz of gold, 11.7-million ounces of silver and 130-million pounds of copper in seven tourmaline breccia pipes.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?