Inca One Gold Corp. has finalized the purchase of Anthem United Inc., which owns a 90.14% interest in the Koricancha ore processing facility in Peru, from Equinox Gold Corp. and certain minority shareholders. The total purchase price for the Koricancha acquisition was approximately C$16.3 million.
“The Koricancha Mill is a strategic and transformative acquisition for Inca One,” said Edward Kelly, president and CEO, Inca One. “It instantly increases our footprint in Peru and allows us to grow our sales and earnings without significant and time-consuming capital spending and delays in permitting.”
The Koricancha Mill is a custom-built, fully operational, industrial gold ore processing facility, featuring a carbon-in-leach gold circuit, strategically situated in the Arequipa region. Located at sea level, 10 minutes from the Pan American Highway, and within the Nazca-Ocona gold belt in southern Peru, it is built out and permitted for 350 metric tons per day (mt/d) and has been operating at an average of approximately 135 mt/d since January. It has been servicing the small-scale mining sector of Peru for three years and has a stockpile of material currently being processed.