Latest Peru News

Condor Energy secures A$2.25 million in a placement to advance licence conversion, gas commercialisation, and exploration drilling readiness in its offshore Peru portfolio.

IMEXHS Limited kicked off FY26 with a 13% revenue increase and a strategic pivot to an AI-native radiology workflow platform, securing major contracts in Latin America and advancing proprietary AI agents.

AusQuest has kicked off its maiden Reverse Circulation drilling at the Playa Kali IOCG copper-gold project, aiming to test targets akin to the nearby Mina Justa deposit, with follow-up drilling planned at the Lantana porphyry target and ongoing activity at Cangallo.

Solis Minerals has expanded its lithium footprint with a fresh acquisition in Brazil, setting the stage for a busy drilling calendar across lithium and copper assets in South America.

Australian Critical Minerals (ASX:ACM) has launched its maiden diamond drilling campaign at the Flint Gold-Silver Project in Peru, backed by a $3 million capital raise and expanded land holdings. The drilling targets a 4 km high-sulphidation epithermal system, with advanced core logging technology deployed to accelerate geological insights.

Condor Energy has advanced its offshore Peru exploration with a new Raya West prospect, lifting its unrisked prospective resources above 3.3 billion barrels, while moving to 100% ownership of TEA 86 to streamline licence conversion and partnerships.

AusQuest has confirmed a vast copper-gold system at its Cangallo project in Peru, revealing broad mineralisation and multiple higher-grade zones. Meanwhile, exploration momentum continues in Australia under a South32 alliance, with key drilling programs poised to start.

Mammoth Minerals reported significant shallow gold intercepts at its Excelsior Springs project in Nevada, expanded its landholding with the Imperial Gold Project acquisition, and completed the Paterson divestment, positioning itself for further exploration growth.

Patriot Resources has dramatically expanded the Exploration Target at its Tassa Silver & Gold Project in Peru to between 559Moz and 774Moz silver equivalent, positioning it among the world’s largest undeveloped silver systems. A 4,000m drilling campaign is planned to convert this target into a formal Mineral Resource.

Fortescue Ltd has greenlit a US$680 million expansion of its Pilbara renewable energy infrastructure, aiming to deliver 200MW of additional capacity by 2028 to meet rising industrial and data centre demand while advancing its Real Zero by 2030 emissions target.

Newmont Corporation delivered a standout first quarter in 2026, reporting $3.3 billion net income and $3.1 billion free cash flow, while authorising an additional $6 billion share repurchase program after completing the previous one.

BHP has reported robust copper and iron ore production for the nine months to March 2026, with key projects progressing and a leadership change set for July. Operational resilience and disciplined capital moves underpin its outlook.