Peruvian Metals Corp. reports on market activity in 2024 and production results from its Aguila Norte Plant for early 2025. The firm plans to shift focus towards gold mining at the Palta Dorada Project in Northern Peru while maintaining financial strength despite share price fluctuations attributed to Tartisan Nickel’s sales. Recent production figures show a significant increase compared to previous years.
Peruvian Metals Corp. (TSXV: PER) provided an update regarding its market activities for 2024 and production results for early 2025 at its 80% owned Aguila Norte processing plant in Northern Peru. The company participated in two Canadian investment conferences and showcased its capabilities at the Prospectors and Developers Association of Canada (PDAC) during the first week of March. Inquiries during PDAC highlighted shareholder concerns regarding the company’s share price, which has been affected by Tartisan Nickel Corp.’s sale of significant shares over nine months, lowering its stake from 26.69% to 2.81% by the end of 2024. Tartisan’s report mentioned ongoing sales to manage cash flows, which has adversely impacted Peruvian Metals’ stock performance.
Peruvian Metals reported a robust financial position with strong cash flow and announced intentions to enter the gold sector, particularly focusing on its wholly owned Au-Ag-Cu Palta Dorada Project. This project, situated in Northern Peru and benefiting from proximity to the Aguila Norte Plant, is noted for high-grade gold content in both oxide and sulphide material. The company has revitalized access roads to underground operations and is exploring additional gold opportunities in the vicinity, although there are uncertainties regarding the economic viability of the Palta Dorada Project and the construction of a potential carbon-in-pulp plant.
In the first two months of 2025, the Aguila Norte Plant processed 6,108 tonnes of minerals—both owned and third-party—marking a significant 35.49% increase compared to the 4,508 tonnes processed in all of 2024. This production growth positions the plant favorably for future operations as the demand for its capabilities increases.
Qualified Person, Jeffrey Reeder, P.Geo., ensured the technical information within the release aligns with National Instrument 43-101 standards. Peruvian Metals is dedicated to providing toll milling services and producing high-grade concentrates from mineral purchases. The Aguila Norte plant holds an environmental permit to expand beyond its current processing capacity. The company continues to seek precious and base metal properties across Peru.
Peruvian Metals Corp. is strategically positioned for future growth in the mining sector, with a focus on its Palta Dorada gold project and plans for expansion. Despite the recent fluctuations in share price influenced by external factors such as Tartisan’s sales, the company maintains a strong cash flow and production capabilities at its Aguila Norte processing plant. The promising production figures and company strategy indicate potential advancements and opportunities in the coming months.
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