Latam plans to reduce its size by about 30% after filing for Chapter 11 in the US

The plan that Latam must present in the United States must include a reorganization program to transform the group. The global aviation industry believes that recovering the pre-Covid-19 demand will take years and in Latam they coincide. Therefore, they must adjust their size to another world. There is already talk of a Latam that will be 70% of what it was before the pandemic.

Latam shares suffer a sharp drop of 36% in the Santiago Stock Exchange

Shares of Latam Airlines, the largest air transport group in Latin America, sank 36% on the Santiago Stock Exchange, after announcing that they will undergo a reorganization process in the U.S. The airline's shares fell to a price of CH$1,280.0. At the start of its listing at noon, by agreement of the stock exchanges, the company's shares fell by 51%.

Tesoro Resources extends El Zorro gold mineralisation with more wide intercepts

Tesoro Resources has announced further assay results from the Ternera prospect at its El Zorro gold project in Chile, with the recovery of wide high-grade intercepts continuing to extend the gold mineralisation. Results from a further three holes drilled at the prospect, have returned wide gold zones and confirmed mineralisation of multiple CC faults from surface to more than 150m downhole.