Latin Metals

What Latin Metals does

Latin Metals Inc. (formerly Centenera Mining Corporation, rebranded May 2019) is a publicly traded junior mineral exploration company headquartered in Vancouver, BC and listed on the TSX Venture Exchange (TSXV: LMS) and OTCQB (LMSQF). It controls a diversified portfolio of precious- and base-metal exploration assets across Argentina and Peru, spanning gold-silver epithermal projects in the Deseado Massif (Cerro Bayo, La Flora), copper-gold porphyry projects (Zaha, Organullo), a ~500,000-hectare position across four sediment-hosted copper projects in northwest Argentina (Ventana, Mirador, Solario, Terraza), and copper projects in Peru (Lacsha, Tillo, Jacha). The company applies systematic exploration methodologies — geological mapping, geochemical sampling, magnetic and induced-polarization geophysics, and diamond drilling — to advance early-stage targets to drill-ready status.

The company operates a prospect generator model: it acquires exploration ground early, advances it through low-cost technical work, then options projects to established operators who fund drilling and development in exchange for staged earn-in interests. Latin Metals retains upside through carried interests and net smelter return (NSR) royalties. Revenue mechanics are therefore non-traditional — staged option-agreement cash payments (e.g., up to US$1.7M from Daura Gold on Cerro Bayo/La Flora; US$2.675M from Moxico on Zaha), partner-funded exploration that minimizes shareholder dilution, and retained NSR royalties on divested projects (El Quemado 2.0%, Mina Angela 1.25%). The company is effectively pre-revenue and sustains corporate-level operations through recurring small private placements.

The business is run by a small team (1–10 employees) led by founder, President and CEO Keith Henderson, a geologist with 30+ years' experience and prior exits at Cardero (Pampa de Pongo, US$100M sale) and Velocity Minerals. In February 2026 the company completed a court-approved spin-out of its Para and Auquis Peruvian copper projects into separately listed Latin Explore Inc. (TSXV: LXE), distributing shares to existing holders and completing a concurrent C$3M financing.

Name

Latin Metals

Legal name

Latin Metals Inc.

Website

https://latin-metals.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Latin Metals is a Vancouver-based, TSXV-listed junior mineral exploration company using a prospect generator model to advance a diversified portfolio of gold, silver, and copper projects in Argentina and Peru, partnering with operators who fund drilling.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (21223), Support Activities for Metal Mining (213114)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration
• Prospect generator
• Gold silver exploration
• Copper exploration
• Mining royalties

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Option Agreement Payments: Latin Metals generates revenue through option agreements where partners (such as Daura Gold) make staged cash payments to earn interests in exploration properties. Payments include both payments to Latin Metals and assumption of underlying vendor payments.
2. Exploration Partnership Funding: Partners fully fund exploration programs, including drilling and technical work, minimizing shareholder dilution while maintaining exposure to discovery upside.
3. Royalty Income: Latin Metals retains NSR royalties on divested projects including El Quemado (2.0% NSR, sold to Golden Goose Resources) and Mina Angela (1.25% NSR, sold to Patagonia Gold).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Latin Metals is a mineral exploration company that acquires and advances early-stage precious and base metals (gold, silver, copper) exploration projects in South America. The company operates a prospect generator model: acquiring quality exploration assets early, advancing them through targeted technical work (geological mapping, geochemical and geophysical surveys, drilling), and structuring option/earn-in partnerships with established mining operators who fund exploration in exchange for project interests. Latin Metals retains royalty interests, carried stakes, and minority upside exposure across a diversified portfolio in Argentina and Peru.

Product overview

Latin Metals Inc. is an innovative mineral exploration company operating a prospect generator model focused on precious and base metals in South America. The company operates a diversified portfolio of exploration projects across Peru and Argentina, structured through three distinct business approaches: (1) projects optioned to partners where Latin Metals retains upside exposure while partners fund exploration (Cerro Bayo & La Flora with Daura Gold, Zaha with Moxico Resources); (2) projects seeking strategic partners for drill-ready advancement (Organullo, Lacsha, Crosby, Ventana, and other sediment-hosted copper projects); and (3) retained royalty interests on sold projects (El Quemado lithium royalty, Mina Angela gold royalty). The spin-out of Latin Explore Inc. in February 2026 separated Peruvian copper assets into a dedicated listed entity. The company's model minimizes shareholder dilution by having partners fund exploration costs while Latin Metals retains meaningful upside exposure across a diversified project portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Cerro Bayo Project District-scale gold-silver exploration project located within the Deseado Massif of Santa Cruz Province, Argentina. Fully drill permitted and optioned to Daura Gold Corp., which can earn up to 80% interest through staged earn-in obligations including US$1.7 million in payments and 28,000 metres of drilling. Phase I drilling of 1,850m intersected multiple zones of gold and silver mineralization grading up to 8.83 g/t gold and 739 g/t silver.
• La Flora Project High-grade gold-silver exploration project in Santa Cruz Province, Argentina. Part of the Cerro Bayo-La Flora district with epithermal vein systems extending approximately one kilometre. Four mineralized veins identified within a 100-metre-wide array traced over 380 metres of strike, returning assays up to 63.88 g/t gold and 175.34 g/t silver. Optioned to Daura Gold Corp. alongside Cerro Bayo.
• Zaha Project Large copper-gold porphyry exploration project in San Juan Province, Argentina. Optioned to Moxico Resources which can earn 100% ownership through staged earn-in including US$2.675 million in payments and 65,000 metres of drilling. More than 8,500 metres of historical diamond drilling completed with standout results of 387 metres grading 0.57% copper and 0.27 g/t gold from surface. Latin Metals retains a 2.0% NSR royalty on the project.
• Organullo Project 100%-owned, fully drill-permitted gold-copper exploration project in Salta Province, Argentina. Hosts three high-priority gold targets distributed along a 6-kilometre corridor of advanced argillic alteration. Project previously under option to AngloGold Ashanti (option terminated January 27, 2026) and is seeking a new strategic partner for drill program advancement.
• Ana Maria Project 100%-owned early-stage gold exploration asset contiguous with the advanced Organullo Project in Salta Province, Argentina. Prospective for extensions of known mineralization along the same structural corridor with low-cost exploration optionality.
• Crosby Project 100%-owned silver exploration property in Jujuy Province, Argentina. Located directly contiguous with SSR Mining's Pirquitas operation at the southern end of the Bolivian Tin-Silver Belt. Offers near-mine exploration potential adjacent to established silver production and processing infrastructure.
• Trigal Project 100%-owned precious metals exploration project in northwest Argentina. Located east of and adjacent to Argenta Silver's El Quevar silver project. Features strong regional BLEG geochemical anomalies identified through exploration alliance with Newmont.
• Mirador Project 100%-owned sediment-hosted copper exploration project within the Salta Group stratigraphy of northwest Argentina. Part of 500,000-hectare dominant land position across four sediment-hosted copper projects. Sediment-hosted copper mineralization confirmed at surface.
• Ventana Project Large-scale 100%-owned sediment-hosted copper exploration project covering approximately 176,000 hectares within the Salta Rift basin of northwest Argentina. Selected as lead project to establish proof-of-concept for the belt and advance toward partner-ready drill targets.
• Solario Project 100%-owned sediment-hosted copper exploration project in Jujuy Province, Argentina, forming the northern extension of an emerging sediment-hosted copper belt in northwest Argentina.
• Terraza Project 100%-owned sediment-hosted copper exploration project covering approximately 68,000 hectares within the Salta Rift system of northwest Argentina. Located 5 km from the Martin Bronces Copper Mine. Remains largely unexplored by modern methods.
• El Quemado Royalty Asset Lithium project in Argentina sold in 2023 to Golden Goose Resources for US$900,000. Latin Metals retains a 2.0% NSR royalty on future production.
• Mina Angela Royalty Asset Gold project sold to Patagonia Gold. Latin Metals retains a 1.25% NSR royalty on future production. Transaction includes US$500,000 cash payment payable upon Chubut Province lifting mining bans.
• Lacsha Project Fully drill-permitted copper-molybdenum exploration project in Huaral Province, Lima Department, Peru. Contiguous with Newmont's Sumacwayra copper-molybdenum discovery along the Coastal Copper Belt. Drill permit allows construction of access roads, up to 20 drill pads, and 43 drill holes to depths of up to 1,000 metres.
• Tillo Project 100%-owned copper exploration project in Huarochiri Province, Peru. Initial exploration delineated a 2.5 km x 1.0 km zone of copper anomalism with rock sampling returning copper values exceeding 1% and maximum grade of 5.98% copper. Advancing toward drill target definition.
• Jacha Project 100%-owned copper exploration project in Apurimac Province, Southern Peru. Located within the Southern Peru Copper Belt which produces the majority of Peru's approximately 2.9 million tonnes of annual copper production. Hosts anomalous copper geochemistry over approximately 3.0 km by 1.5 km with historical IP data defining coincident geophysical anomalies.

Quantifiable outcome

• Up to $80 million in potential partner funding through option agreements

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Daura Gold Corp.coreStrategic or Co-development Partner · 3 November 2025Daura Gold holds an option to earn up to 80% interest in the Cerro Bayo and La Flora gold-silver projects in Santa Cruz Province, Argentina, through staged payments totaling US$1.7M to Latin Metals, assumption of US$400K in underlying vendor payments, and completion of 28,000m of drilling. Daura is fully funding exploration activities including Phase I (1,850m completed) and Phase II (planned Q3 2026).
• AngloGold AshantiminorStrategic or Co-development Partner · 30 October 2025AngloGold Ashanti (through subsidiary AngloGold Argentina Exploraciones S.A.) had a binding agreement to earn up to 80% interest in the Organullo gold project in Salta Province, Argentina. AngloGold terminated the option agreement effective January 27, 2026.
• Moxico ResourcescoreStrategic or Co-development Partner · 8 October 2024Moxico Resources holds an option to earn up to 100% interest in the Zaha copper-gold project in San Juan Province, Argentina, through payments totaling US$2.675M and 65,000m of drilling. Latin Metals retains a 2.0% NSR royalty on the project.
• Tres Cerros Exploraciones S.R.L.minorOthersUnderlying vendor of the Cerro Bayo and La Flora properties. Latin Metals has an agreement to purchase the remaining 29% interest (for aggregate 100% ownership) for total consideration of US$400,000 payable in three tranches, with TCE retaining a 0.75% NSR royalty.
• ValeminorStrategic or Co-development PartnerVale and Latin Metals agreed to a data purchase on the Para Copper Project in Peru, enhancing the geological database for the project.
• Golden Goose ResourcesminorStrategic or Co-development PartnerLatin Metals sold the El Quemado Lithium Project to Golden Goose Resources for total consideration of US$900,000 and retains a 2.0% NSR royalty on future production.
• Patagonia GoldminorStrategic or Co-development PartnerLatin Metals sold the Mina Angela Gold Project to Patagonia Gold. The transaction includes a US$500,000 cash payment payable upon the Chubut Province lifting mining bans, plus a retained 1.25% NSR royalty on future production.
• ICP Securities Inc.minorOthersICP Securities Inc., a Toronto-based CIRO dealer member, was engaged to provide automated market making services for Latin Metals' common shares using its proprietary ICP Premium algorithm, commencing July 1, 2026 for an initial four-month term.
• NewmontminorStrategic or Co-development PartnerExploration alliance through which regional BLEG (bulk leach extractable gold) geochemical sampling was conducted across northwest Argentina, generating exploration targets including the Trigal project, where anomalies were second only to the flagship Organullo project.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Filo Mining Corp. Filo Mining is a copper-gold exploration company advancing the Filo del Sol and Josemaria projects on the Argentina-Chile border, with a similar focus on Andean precious/base-metal discoveries and partner-funded drilling. Comparable in scale and geological setting to Latin Metals' Cerro Bayo and Zaha projects.
• New Pacific Metals Corp. New Pacific Metals explores silver-gold projects in Bolivia (Silver Sand) under a prospect-generator-style model with partner funding. Shares Latin Metals' precious-metals focus in the Andean region and the discipline of carrying exploration costs through partners.
• NGEx Minerals Ltd. NGEx Minerals is a Lundin-group copper-gold explorer with projects in Chile and Argentina (e.g. Lunahuasi, Los Helados). Closest pure-play to Latin Metals' copper exploration exposure and Argentine footprint.
• Solaris Resources Inc. Solaris Resources explores copper porphyry systems in Ecuador and Chile (Warintza). Peer on Andean copper exploration focus, with comparable early-stage porphyry project positioning to Latin Metals' Zaha copper-gold asset.
• AbraSilver Resource Corp. AbraSilver explores the Diablillos silver-gold project in Salta Province, Argentina. Direct Argentine precious-metals peer with similar jurisdictional exposure and comparable size and stage as Latin Metals' gold-silver portfolio.
• Regulus Resources Inc. Regulus Resources operates a portfolio of copper-gold exploration projects in Peru and Argentina (including under an earn-in/JV model). Closely comparable to Latin Metals' prospect-generator approach and Andean jurisdiction mix.
• Argenta Silver Corp. Argenta Silver is a junior silver-gold explorer advancing the El Quevar silver project in Salta Province, Argentina — directly adjacent to Latin Metals' Trigal project. Closely comparable peer in the same regional play.

Broad incumbents

• Golden Minerals Company: Golden Minerals has producing gold-silver mines in Mexico (Rodeo, Velardeña) and exploration assets in the Americas. Broader incumbent precious-metals operator whose diversified model contrasts with but informs Latin Metals' exploration-stage focus.
• McEwen Inc. (formerly McEwen Mining): McEwen Inc. operates gold and copper assets across the Americas (including the Los Azules copper project in Argentina). Provides a comparable reference point for Argentine copper-gold project economics and broader Andean business models.
• Hochschild Mining PLC: Hochschild Mining is a mid-tier precious-metals producer with operating mines in Peru and Argentina (San José, Pallancata). Its operating presence in the same Deseado Massif and Peruvian belts makes it a strategic reference for regional value-chain economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Latin_Metals
• YouTubeyoutube.com/@latinmetals
• Facebookfacebook.com/LatinMetalsInc
• LinkedInlinkedin.com/company/latinmetals
• Instagraminstagram.com/latin_metals

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latin Metals