Minera Andes Considers Equity Increase

Minera Andes, a Canadian company with operations in Argentina, will probably go to market in the fall to raise $20m-$30m in equity by selling shares, president and CEO Rob McEwen tells LatinFinance. Minera Andes shares trade on the TSX and OTC in the US. The company has a market cap of CAD278m. Its San Jose mine produced 1m ounces of silver and 19,960 ounces of gold in Q4 last year, says the company. Its Los Azules project has an inferred mineral resource of 922m tons grading 0.55% copper and containing 11.2bn pounds of copper, it adds.