Peruvian Metals Corp.’s Aguila Norte (North Eagle) processing plant, located in northern Peru, has processed 12,514 metric tons (mt) year-to-date, a new record, according to the company. This year’s total production level for the first five months exceeded 2021 (9,998 mt) by more than 25%. During May, the company purchased and processed several batches of polymetallic ores and delivered concentrate to metal traders at the El Callao Port facility near Lima. Peruvian Metals is a Canadian exploration and mineral processing company that provides toll milling services.
The company has also shipped and sold 31 mt of oxide gold material from its 50% owned Palta Dorada (Golden Avocado) gold-silver-copper property to Inca One’s Kori One processing plant located in southern Peru. The average grade of the material was 8.8 g/mt gold and 74 g/t silver. The company said it is continuing to open up the old workings to access the sulphide material to collect a bulk sample to process at Aguila Norte.
“Selling and shipping oxide ore to the Kori One processing plant represents a major milestone for the company and advances our long-stated goals to leverage our collective assets — our fully operational mineral processing plant as well as our mineral claims,” Peruvian Metals CEO Jeffrey Reeder said. “As a junior mining company, we believe we have developed a very unique approach and foundation by having our own production facility now generating revenue and profits as well as owning valuable claims that we can develop.”
The Aguila Norte processing plant has an environmental permit from the Peruvian government that allows it to expand operations past the current 100-mt/d level.