The negotiable obligations denominated and payable in United States dollars are intended to partially finance the construction of the Parque Solar Calicanto, in the province of San Luis, currently under execution. The public offering of the Class 1 Negotiable Obligations was completed with an 8% rate and will have an issuance and settlement date of February 19, 2026.
By Panorama Minero
Gabriel Corvo, General Manager of the company, stated: “This is a new step in the stage of growth and consolidation of Minas Argentinas S.A. After a process of reactivation and institutional strengthening promoted by Aisa Group, today the company is in a solid position to face its next challenges and continue generating value for the industry and the region, recovering productive dynamism and a course based on efficiency, predictability and commitment that is also reflected in the market,” he explained.
As for Parque Solar Calicanto, it is located in the province of San Luis, more precisely in the department of Belgrano. Minas Argentinas S.A. detailed that it will have an installed capacity of 51 MWp, with an estimated generation of 110.1 GWh annually, sufficient to supply more than 80,000 households. More than US$10.5 million has already been invested in its construction and its total budget amounts to US$36.8 million.
Much more than a financial operation
For his part, the Finance Manager of Minas Argentinas S.A., Nicolás Bareta, stated: “For the company, this first experience in the capital markets represents much more than a financial operation: it is a step in the construction of a long-term relationship with investors who recognize our stability, our rating and the evolution we have achieved in these years. Having generated the interest and confidence of more than 160 investors in this stage of consolidation shows the solidity of the path we are following, and the 8% rate represents an attractive return that adequately reflects our A+ (arg) rating by FIX SCR.”
The bond will have a maturity of 12 months. The funds obtained will be used to cover input costs of the organization, and the placement of the bond was carried out by Balanz Capital Valores SAU and Inviu SAU.
About Parque Solar Calicanto
The photovoltaic park is located on a 71.9-hectare site in the Belgrano department, province of San Luis, and its connection to the Argentine Interconnection System (SADI) will be carried out through two 33 kV underground lines and a new transformation field at the Estación Transformadora Nogolí.
The purchase of more than 80,000 solar panels, transformation centers, structures and tracking systems (trackers), inverters, electrical systems, control and monitoring systems, and other equipment has already progressed. These inputs have already begun to arrive at the site and their installation will begin next March. The works will be completed in December 2026, with entry into operation expected before the end of the year. More than 50% of the park’s future production already has sales agreements.
About Minas Argentinas S.A.
In September 2023, Minas Argentinas S.A. was acquired by Aisa Group and, since then, began to consolidate its recovery. It operates the mina Gualcamayo, in the province of San Juan. At the beginning of 2026, the national government made official the entry of Minas Argentinas into the Large Investment Incentive Regime (RIGI). The company will execute an investment of more than US$650 million for the development of the Deep Carbonates Project (DCP).
The mining deposit located in San Juan updated its Resource and Reserve reports following NI 43-101 (Canadian) standards and the JORC Code (Australian). Gualcamayo has 7.1 million GEO (gold equivalent ounces) of resources, of which 4.9 million ounces are categorized as reserves.
