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Sandfire backs Colombia-focused junior

Copper miner Sandfire Resources has taken a major stake in unlisted gold explorer Andes Resources

Kristie Batten*
Sandfire MD Karl Simich (left) and Andes MD Jason Stirbinskis

Sandfire MD Karl Simich (left) and Andes MD Jason Stirbinskis

Sandfire has acquired 16.7 million shares at A12c per share for $2 million, giving the miner a near 19.6% stake. The investment is part of a broader $3 million capital raising. Depending on what Andes...

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