202613 releases
Peruvian Metals Announces New High-Grade Au-Ag Results at Palta Dorada
Sampling at the 100%-owned Palta Dorada gold-silver property in Northern Peru returned 20.97 g Au/mt and 10.87 oz Ag/mt from stockpiled sulphide material and 89.50 g Au/mt from a ½-metre composite sample of oxide material in the underground workings on the San Juan Vein. Sulphide extraction is underway 10 metres below the oxide-sulphide transition in the 53-metre shaft, with material to be processed at the 80%-owned Aguila Norte plant. A crosscut to intersect the vein 100 metres southwest is at 25 metres of a projected 50 metres.
Drill resultsPeruvian Metals Corp. Commences Underground Development to Access High-Grade Au-Ag Sulphides at Palta Dorada
Underground development has begun at the 100%-owned Palta Dorada gold-silver property in Ancash, Peru, starting with a 50-metre crosscut collared at the 910-metre level to intersect the sulphide zone exposed in a 53-metre shaft, plus installation of a surface winch hauling ½ tonne per load. Prior chip sampling at the shaft averaged 10.51 g Au/t, 329 g Ag/t and 1.74% Cu, with flotation recoveries of 89% gold and 75% silver. Sulphide material will go to the Aguila Norte plant, 140 kilometres away.
CorporatePeruvian Metals on Track for Full Production for 2026 at the Aguila Norte Processing Plant and Reports Positive Sample Results from the Tailings Area
The 80%-owned Aguila Norte processing plant in Northern Peru processed 6,046 metric tonnes during July and August, reaching full production capacity in 28 of the past 29 months, with 221,020 mt processed since 2017; ball mill and crushing circuit maintenance was completed April through July without affecting production. Twenty samples from a dry 1,500-square-metre area of the tailings returned 2.4 g/mt gold and 90 g/mt silver, with gold ranging 1.34 to 3.93 g/mt. A composite metallurgical sample grading 1.76 g/mt gold and 75 g/mt silver showed recoveries of 93% and 87%; a permit modification report will be submitted to the Peruvian Ministry of Mines in Q4.
CorporatePeruvian Metals Provides Progress Update on Mercedes Au-Ag Property with Assay Results from the Newly Sampled Kelly Vein
A sample over a 0.60-metre width from the newly re-opened Kelly Vein at the Mercedes Au-Ag property in Peru's Junin Department returned 3.16 grams Au/mt, 8.42 ounces Ag/mt, 0.58% Pb and 4.88% Zn, and a large sample was collected for metallurgical testing. Extraction has begun on the Victor II Vein, with a random grab sample of stockpiled material assaying 5.88 grams Au/mt, 5.55 ounces Ag/mt, 4.95% Pb and 7.07% Zn, destined for a pilot bulk sample test at the Aguila Norte plant. A 225-metre drift to crosscut the Kelly, Victor 1 and Victor II veins is planned, pending permits.
Drill resultsPERUVIAN METALS PRODUCTION UPDATE FOR THE FIRST HALF OF 2026 AT AGUILA NORTE PROCESSING PLANT
The 80%-owned Aguila Norte processing plant in Northern Peru processed 18,269 tonnes of third-party mineral in the first half of 2026, compared with 18,500 tonnes in 2025 and 14,869 tonnes in 2024, with the decrease attributed to planned maintenance and a ball mill overhaul. The plant is expected to run at full capacity for the remainder of 2026 and has processed almost 210,000 tonnes since 2018. Its IGAC permit allows expansion beyond the current 100 tonnes per day.
CorporatePeruvian Metals Announces the 10-Year Renewal of the Use of Surface Rights at the Aguila Norte Processing Plant
The lease on surface rights at the 80-per-cent-owned Aguila Norte processing plant in Northern Peru has been renewed for an additional 10 years. The plant, on a 120-hectare concession held by subsidiary MADOSAC, is permitted under its IGAC environmental permit to process 100 tonnes per day, expandable to 350 tonnes per day, and processed 36,616 tonnes in 2025. Engineering studies will begin on expanding daily capacity and the tailings facility to handle 2026 mineral from the wholly owned Palta Dorada gold-silver property.
CorporatePeruvian Metals Invites Shareholders and Investment Community to Visit Them at Booth 2624B at PDAC 2026 in Toronto, March 3-4
Peruvian Metals will exhibit at Booth #2624B at the PDAC Convention at the Metro Toronto Convention Centre from Tuesday, March 3 to Wednesday, March 4, 2026. The company states it has recently completed a financing that will allow it to focus its 2026 development program on the Au-Ag Palta Dorada property in Peru, where provisional permits are in place to extract bulk samples of oxide and sulphide material, with sulphide material to be processed at the Aguila Norte mill.
CorporatePeruvian Metals Secures 6 Year Agreement with Community at Mercedes Project
A six-year access agreement between San Maurizo Mines Ltd., holder of a 100% interest in the Mercedes Property in Peru, and the Comunidad Campesina de Pomamanta has been registered with Sunarp, allowing exploration and exploitation at the site; Peruvian Metals holds 50% of San Maurizo, with costs shared equally with Hudson Heartland Ltd. With provisional permits, extraction can begin at the Victor II vein, with full permitting expected by year-end for up to 350 tonnes per day. Warrants in the January 29 financing were amended to $0.15 for one year from $0.20 for two years.
CorporatePeruvian Metals Secures 6 Year Agreement with Community at Mercedes Project
A six-year community access agreement between San Maurizo Mines Ltd. and the Comunidad Campesina de Pomamanta for the Mercedes Property in Peru has been registered with Sunarp, allowing exploration and mineral exploitation; Peruvian Metals holds 50% of San Maurizo, with costs shared equally with Hudson Heartland Ltd. With provisional permits, extraction can begin, starting on the Victor II vein, and full permitting for up to 350 tonnes per day is expected by year-end. Warrants in the January 29 financing were amended to $0.15 for one year from $0.20 for two years.
CorporatePeruvian Metals Provides Update on the Minas Visca Silver Project in Northern Peru and Announces Financing
A bulk sample from surface material at the 94-hectare Minas Visca silver project in northern Peru assayed 4.83 oz Ag/mt, 0.25 g Au/mt and 1.62% Pb, with preliminary metallurgical recoveries of 85.50% silver, 84.37% lead and 46.33% gold, producing a concentrate grading 150.34 oz Ag/mt, 42.12% lead and 2.59 g Au/mt. A non-brokered private placement of up to $1,000,000 was arranged: 10,000,000 units at $0.10, each with a half warrant exercisable at $0.20 for two years.
CorporatePeruvian Metals Reports: Silver - Gold Recoveries of 97.85 % and 92.19% Respectively from the Victor II Vein at the Mercedes Ag-Au Property in Central Peru
Flotation metallurgical work on a composite sample from the Victor II vein at the Mercedes Ag-Au property in Junin Department, central Peru returned silver and gold recoveries of 97.85% and 92.19%, with a head grade of 3.69 g Au/t and 9.4 oz Ag/t and concentrate grading 33.03 oz Ag/t and 12.23 g Au/t at a 3.50 to 1 ratio. A composite from the newly located Charo Vein returned 92.3% Ag and 74.7% Au recoveries. Peruvian Metals completed its obligations to acquire a 50% interest in San Maurizo Mines Ltd., which holds 100% of the 1,345-hectare property, to be developed with Hudson Heartland Ltd on a cost-shared basis; the project carries a 20% NPI removable on payment of US$4 million.
Study resultsPeruvian Metals Announces Gold Recoveries of 89% in Sulphides at Palta Dorada
Metallurgical testing on the San Juan vein at the wholly owned Palta Dorada gold-silver property in Ancash, Peru returned flotation recoveries of 89% gold and 61% silver from a sulphide composite over 1 metre grading 8.30 grams Au/mt and 3.39 ounces Ag/mt. Agitated cyanide leaching of oxide material grading 35.1 grams Au/mt and 1.51 ounces Ag/mt recovered 82% gold and 58% silver over 48 hours. New access roads are complete and exploration and development work will restart, with oxide material to be sold to local toll mills and sulphides processed at the Aguila Norte plant.
Study resultsPeruvian Metals Full Capacity Throughput at Aguila Norte Processing Plant in 2025 and Focuses on Silver and Gold for 2026
The 80%-owned Aguila Norte processing plant in Northern Peru processed a record 36,616 tonnes of third-party mineral in 2025, up 8% from 33,889 tonnes in 2024, running at full capacity, with expansion plans under consideration. 2026 programs target Palta Dorada and the 50%-held Mercedes property, where permitting is advanced and metallurgical studies are underway. The company received 3,999,999 Rio Silver shares for the Minas Maria sale and granted 4.2 million options at six cents, expiring January 6, 2029.
Corporate
20259 releases
Peruvian Metals Announces Encouraging Copper, Gold and Silver Results at its Aguila Norte Property in Northern Peru
A 2026 exploration program is planned on gold, silver and copper veins near the 80-per-cent-owned Aguila Norte processing plant in northern Peru. Six grab samples from dumps and stockpiles at two parallel quartz veins averaged 1.10 g/mt Au, 1.72 oz/mt Ag and 1.99% Cu, while a sample from the bottom of a 20-metre shaft returned 1.487 g/mt Au, 3.40 oz/mt Ag and 3.00% Cu. Seven grab samples from a second vein averaged 6.24 g/mt Au, ranging 1.03 to 13.50 g/mt.
Drill resultsPeruvian Metals Corp. Closes Sale of the Maria Norte Ag-Au-Pb-Zn to Rio Silver Inc.
The sale of 100% of Mamaniña Exploraciones S.A.C., holder of mining rights in the Maria Norte Ag-Au-Pb-Zn project in Peru, to Rio Silver Inc. has closed following regulatory approval. Rio Silver issued Peruvian Metals 3,999,999 common shares, representing 9.27 of its issued and outstanding share capital, and will pay an aggregate US$250,000 in semi-annual payments over five years commencing June 15, 2025.
AcquisitionPeruvian Metals on Track for Record 2025 Production at the Aguila Norte Processing Plant and Provides Update on the Sale of the Minas Maria Norte Project
The 80-per-cent-owned Aguila Norte processing plant in Northern Peru processed 9,494 metric tonnes in the third quarter of 2025 and 27,994 mt over the first three quarters, more than 13 per cent above the 24,734 mt processed in the same period of 2024, running at full capacity. Amended terms for the sale of the Minas Maria Norte property to Rio Silver Inc. provide for shares equal to 9.9 per cent of Rio Silver's issued capital, capped at four million shares, a US$22,500 payment and semi-annual option payments of US$25,000 totalling US$250,000, with prior warrants and royalties eliminated.
CorporatePeruvian Metals to Extend Warrants
The expiry date of 10,000,000 outstanding warrants set to expire September 27, 2025 will be extended to December 31, 2025, subject to TSX Venture Exchange approval. All other warrant terms remain unchanged. The warrants were issued on September 27, 2024 as part of units under a private placement completed in September 2024, and none have been exercised since issuance.
CorporatePeruvian Metals Production Update for the First Half of 2025 at Aguila Norte Processing Plant
The 80%-owned Aguila Norte processing plant in Northern Peru processed 18,500 tonnes of third-party mineral in the first six months of 2025, up 24.4% from 14,869 tonnes in the same period of 2024 and 34.2% from 13,786 tonnes in 2023, with the plant running at full capacity. The company expects full capacity for the remainder of 2025 and a record production year. In August it will begin preliminary engineering studies at an identified site to assess the viability of a Carbon in Pulp gold processing plant.
CorporatePeruvian Metals Achieves Record Throughput for the First Quarter of 2025 at Aguila Norte Processing Plant
A total of 9,168 metric tonnes was processed in the first quarter of 2025 at the 80-per-cent-owned Aguila Norte processing plant in Northern Peru, more than 38 per cent above the 6,624 mt processed in the first quarter of 2024, with the plant running at full capacity. Management expects production to be maintained at these levels for the remainder of the year. The plant holds an IGAC environmental permit allowing expansion beyond the current 100-tonne-per-day level.
CorporatePeruvian Metals Corp. Signs Agreement to Sell Maria Norte to Rio Silver Inc.
An agreement has been signed to sell a 100% interest in the Maria Norte Au-Ag-Zn-Pb Project in south-central Peru to Rio Silver Inc., via the sale of the Peruvian subsidiary holding the four concessions totalling 384 hectares. Consideration is a CDN$15,000 cash downpayment, 15 million Rio Silver shares, 5 million warrants exercisable at CAD$0.05 for two years, US$250,000 in cash payments over five years, and a 1.5% net smelter royalty on mineral concentrate sales.
AcquisitionPeruvian Metals Corp. Provides Corporate Update
The 80-per-cent-owned Aguila Norte processing plant in Northern Peru processed 6,108 tonnes of wholly owned and third-party mineral in January and February 2025, up 35.49% from the 4,508 tonnes processed in 2024 and above the 4,441 tonnes processed in 2023. Peruvian Metals attributes share price weakness to Tartisan Nickel selling 26,620,500 Peruvian Metals shares in the nine months ended December 31, 2024, cutting its holding from 26.69% to 2.81%. The Company plans to focus on its 100%-owned Palta Dorada Au-Ag-Cu project in Northern Peru.
CorporatePeruvian Metals Achieves Record Throughput at Aguila Norte Processing Plant and Summarizes Major Achievements for 2024
The 80-per-cent-owned Aguila Norte processing plant in Northern Peru processed a record 33,889 tonnes of third-party minerals in 2024, up 12.2% from 30,199 tonnes in 2023, marking a fifth straight annual increase. The Company consolidated 100% of the Palta Dorada Au-Ag-Cu project in Northern Peru after completing US$250,000 in property payments to Rio Silver Inc., and acquired a 50% stake in San Maurizo Mines, which holds the Mercedes Property in Junin Department, where bulk sampling is to begin in early 2025.
Corporate
202416 releases
Peruvian Metals Consolidates 100% Interest in the Au-Ag-Cu Palta Dorada Project in Northern Peru
Purchase of the remaining 50% interest in the Palta Dorada gold-silver-copper property in Ancash, northern Peru has closed, giving Peruvian Metals 100% ownership, with Rio Silver Inc. retaining a 3% NSR capped at US$2 million. The roughly 2,250-hectare property lies 120 km from the company's 80%-owned Aguila Norte flotation plant, which would treat sulphide material while oxide gold material is initially sold to local toll mills. Construction of a new access road to the underground workings will commence shortly.
AcquisitionPeruvian Metals Closes Oversubscribed Financing
A non-brokered private placement has closed with the issuance of 20,000,000 units at C$0.02 per unit for gross proceeds of $400,000, each unit comprising one common share and one-half warrant exercisable at $0.05 for one year from closing. Finders fees of $5,040 and 132,000 compensation options exercisable at $0.05 for one year were issued. Proceeds will fund the purchase agreement for the Palta Dorada property in Peru, development at the Mercedes property, and working capital.
FinancingPeruvian Metals Financing Oversubscribed and Upsized
A previously announced non-brokered private placement has been oversubscribed and upsized to up to 20,000,000 units at C$0.02 per unit for gross proceeds of up to $400,000, with each unit comprising one common share and one-half warrant exercisable at $0.05 for one year from closing. Insiders will participate, finder's fees may be payable, and securities carry a four-month hold. Proceeds will fund the Palta Dorada property purchase and working capital, including development at the Mercedes property in Peru. The management cease trade order against the CEO and CFO, relating to late filing of annual financial statements for the period ended March 31, 2024, was revoked as of September 12, 2024.
FinancingPeruvian Metals Provides Corporate Update and Announces Financing
A non-brokered private placement of up to 15,000,000 units at $0.02 per unit for gross proceeds of up to $300,000 was announced, each unit comprising one share and one-half warrant exercisable at $0.05 for one year, with proceeds funding the Palta Dorada property purchase, working capital and development at Mercedes. The 80%-owned Aguila Norte plant in Northern Peru processed 20,945 tonnes over twelve campaigns in the first eight months of 2024, 9.5% above 2023's 19,126 tonnes. Processing income was $1,230,788 for the 15 months ended March 31, 2024.
CorporatePeruvian Metals Provides Status Update on Annual and Interim Financial Statements
Filing of audited annual financial statements, MD&A and CEO/CFO certificates for the year ended March 31, 2024 is now expected by September 6, 2024, delayed from the previously stated August 30, 2024. The interim financial report, MD&A and certificates for the quarter ended June 30, 2024, due August 29, 2024, are also now expected by September 6, 2024 and will be filed immediately after the annual documents. A management cease trade order issued by the Alberta Securities Commission on July 30, 2024 restricts trading by the CEO and CFO.
CorporatePeruvian Metals Provides Second Bi-Weekly MCTO Status Update
A second bi-weekly status update under NP 12-203 confirms the company still expects to file its audited annual financial statements for the year ended March 31, 2024, related MD&A and CEO and CFO certificates by August 30, 2024. The management cease trade order, issued by the Alberta Securities Commission on July 30, 2024, restricts trading by the CEO and CFO but not other shareholders. No other defaults or undisclosed material changes were reported.
CorporatePeruvian Metals Provides Bi-Weekly MCTO Status Update
Filing of the audited annual financial statements for the year ended March 31, 2024, related MD&A and CEO/CFO certificates is now expected by August 30, 2024, versus the previously stated August 16, 2024. The management cease trade order, applied for on July 22 and issued by the Alberta Securities Commission on July 30, 2024, restricts trading by the CEO and CFO until two full business days after the required filings are received, and does not affect other shareholders. The company reports no other default under NP 12-203.
CorporatePeruvian Metals Announces Application for Management Cease Trade Order
A delay is expected in filing annual financial statements, MD&A and related officer certifications for the year ended March 31, 2024, which were due on or before July 29, 2024, with filing now expected by no later than August 16, 2024. The delay stems from difficulties its auditor, Zeifmans LLP, had obtaining information from downstream local auditors in Peru. Peruvian Metals has applied to Canadian securities regulators for a management cease trade order restricting trading by its CEO and CFO.
CorporatePeruvian Metals Production Update for the First Half of 2024 at Aguila Norte Processing Plant and the Closing of the Private Placement
The 80-per-cent-owned Aguila Norte processing plant in Northern Peru processed 14,869 tonnes of third-party mineral in the first six months of 2024, up 7.9% from 13,786 tonnes in the same period of 2023 and down 0.1% from 14,886 tonnes in 2022, with the plant at capacity in April and May. Peruvian Metals also closed a private placement of 3,929,286 units at $0.07 per unit for $275,050, each unit including a half warrant exercisable at $0.10 for two years; insiders bought 279,286 units and finders' fees of $3,000 were paid.
CorporatePeruvian Metals Closes Second Tranche of Private Placemen
A second tranche of Peruvian Metals' non-brokered private placement has closed, raising $50,050 through the issuance of 715,000 Units at $0.07 per Unit. The overall Offering is for up to 8,000,000 Units for up to $560,000 gross. Each Unit includes one common share and one-half warrant exercisable at C$0.10 for two years. No finders' fees were paid; securities are restricted until September 29, 2024. Proceeds will fund the Mercedes and Palta Dorada properties and working capital.
FinancingPeruvian Metals Provides Update on Production at the Aguila Norte Processing Plant
The 80%-owned Aguila Norte Processing Plant in Northern Peru processed 9,199 metric tonnes across ten mineral campaigns during the first four months of 2024, 13% above the 8,157 mt processed in 2023. The plant holds an IGAC environmental permit allowing expansion beyond its current 100 tonnes per day level. The Company expects to process minerals in the third and fourth quarters of 2024 and anticipates higher production for the remainder of the year.
CorporatePeruvian Metals Closes Initial Tranche of Private Placement
A first tranche of $225,000 has closed through the issuance of 3,214,286 units at $0.07 per unit, part of a non-brokered private placement of up to 8,000,000 units for up to $560,000 gross. Each unit includes one common share and one-half warrant exercisable at C$0.10 for two years from closing, with resale restrictions until August 24, 2024 and no finders' fees paid. Proceeds will fund the Mercedes and Palta Dorada properties and working capital, subject to TSX Venture Exchange approval.
FinancingPeruvian Metals closes Acquisition of San Maurizo
The acquisition of a 50% interest in San Maurizo Mines Inc., a private Manitoba-based company, has closed following TSX Venture Exchange approval. Peruvian Metals issued 2,500,000 common shares to the vendor as consideration. The two companies will jointly develop the Mercedes gold-silver-lead-zinc-copper mineral property in central Peru.
AcquisitionPeruvian Metals Acquires 50% interest in San Maurizo Mine
A definitive agreement has been signed to acquire a 50% interest in San Maurizo Mines Inc., which will hold a 100% direct interest in the 1,345-hectare Mercedes gold-silver-lead-zinc-copper property in Junin Department, central Peru, through subsidiary Basic Minerals SAC. Peruvian Metals will issue 2.5 million common shares at a deemed price of C$0.08 and extend a US$250,000 loan to San Maurizo, matching Hudson Heartland's loan. The property carries a 20% net profit interest, eliminated after US$5 million is paid, followed by a 1.5% NSR.
AcquisitionPeruvian Metals Acquires 100% Interest in the Au-Ag-Cu Palta Dorada Project in Northern Peru
Peruvian Metals has purchased Rio Silver's remaining 50% interest in the Palta Dorada gold-silver-copper property in Ancash, northern Peru, taking ownership to 100%; the property covers approximately 2,250 hectares and sits 120 km from the company's 80%-owned Aguila Norte flotation plant. Terms call for US$250,000 paid over five months, with US$25,000 already paid, and a 3% NSR to Rio Silver capped at US$2 million with minimum payments of US$50,000 per year for five years.
AcquisitionPeruvian Metals Achieves Record Throughput at Aquila Norte in 2023
The 80%-owned Aguila Norte processing plant in Northern Peru processed a record 30,199 tonnes of wholly owned and third-party mineral in 2023, up 1.8% from 29,667 tonnes in 2022 and compared with 28,654 tonnes in 2021. Peruvian Metals also closed the sale of the Panteria Cu-Au Porphyry Project to International Metals Mining, receiving the final USD $100,000 payment and all shares, while retaining a 1% NSR plus potential bonus/milestone payments.
Corporate
202311 releases
Peruvian Metals Continues near Record Throughput at Its Aguila Norte Processing Plant
The 80%-owned Aguila Norte processing plant in Northern Peru processed 7,789 tonnes in the third quarter of 2023, up 13% from 6,871 tonnes in the same quarter of 2022, bringing the 2023 year-to-date total to 21,556 tonnes, a decrease of less than 1% year over year. April and May output was lower due to poor weather in Northern Peru. The company expects year-end results comparable to 29,667 tonnes in 2022 and 28,654 tonnes in 2021. The plant's IGAC environmental permit allows expansion beyond the current 100 tonnes per day.
CorporateJeff Reeder of Peruvian Metals | Catalyst Clips
Jeff Reeder of Peruvian Metals | Catalyst Clips September 29, 2023 Peruvian Metals (TSX.V: PER | OTC: DUVNF) 2026 2025 2024 2023 2022 2021 2020 2019 2018
NewsPeruvian Metals Corp Announces Results of Annual General Meeting of Shareholders
All resolutions passed at the annual general meeting of shareholders held August 23, with 67,712,353 shares voted, representing 67.89% of outstanding shares. Shareholders re-elected the five incumbent directors — Steve Brunelle, Oscar Pezo, John P. Thompson, Jeffey Reeder and Daniel Hamilton — each with at least 99.40% votes for, appointed Zeifmans LLP as auditors (99.76% for), and ratified the company's updated 10-per-cent rolling stock option plan (99.74% for) under amended TSX Venture Exchange Policy 4.4.
CorporatePeruvian Metals Production Update for the First Half of 2023 at Aguila Norte Processing Plant
The 80%-owned Aguila Norte processing plant in Northern Peru processed 13,786 tonnes of third-party mineral in the first six months of 2023, down 7.4% from 14,886 tonnes in the same period of 2022 and up 16% from 11,890 tonnes in 2021. The decline was attributed to poor weather that closed the plant from mid-March until the first week of April, with near-capacity operation in May and June. The plant's IGAC permit allows expansion beyond the current 100 tonnes per day.
CorporatePeruvian Metals Announces Delay in Filing Annual Financial Statements
The filing of audited annual financial statements and related MD&A for the fiscal year ended December 31, 2022 has been delayed beyond the May 1, 2023 deadline, due to delays in audit procedures of the company's Peruvian subsidiaries. Peruvian Metals expects to file on or before Friday, May 5, 2023 and intends to provide updates on further developments.
CorporatePeruvian Metals at PDAC 2023 - We’re Building the Infrastructure for Future Extraction of Mineral
A PDAC 2023 interview item in which Jeffrey Reeder of Peruvian Metals discussed the company's use of drift mining to extract mineral for processing at its Aquila Norte Mineral Processing Plant, describing the work as building the infrastructure for future extraction of mineral.
CorporatePeruvian Metals Provides an Update on Palta Dorada Au-Ag-Cu Property and Production at Aguila Norte Processing Plant
The 80%-owned Aguila Norte Processing Plant in Northern Peru completed five mineral campaigns in January and February 2023, processing 4,442 metric tonnes, versus 4,698 mt in the same period of 2022, and producing 939 mt of zinc concentrate and 271 mt of lead-silver concentrate. Stockpiling of gold-silver-copper material has begun at the 50%-owned Palta Dorada property; three grab samples averaged 7.55 g/mt Au, 6.07 oz/mt Ag and 0.70% Cu, while two 1 metre samples from the main adit vein averaged 14.07 g/mt Au, 9.01 oz/mt Ag and 2.01% Cu. A bulk sample is expected to be processed at the plant in the second quarter of 2023.
CorporatePeruvian Metals Announces Change of Auditor
MNP LLP has been replaced by Zeifmans LLP as auditor of Peruvian Metals Corp., effective January 17, 2022. MNP resigned at the Company's request and the Board appointed Zeifmans to hold office until the next annual shareholders' meeting. There were no modified opinions in the former auditor's reports for the two most recently completed fiscal years and no reportable events; the change of auditor documents have been filed on SEDAR.
CorporatePeruvian Metals Achieves Record Throughput in 2022 at the Aguila Norte Processing Plant in Northern Peru
The 80%-owned Aguila Norte processing plant in northern Peru processed 29,667 tonnes of company-owned and third-party mineral in 2022, up 3.5% from 28,654 tonnes in 2021 and above 13,485 tonnes in 2020. Across 45 mineral campaigns the plant produced 4,640 tonnes of zinc concentrate, 1,716 tonnes of lead-silver concentrate and 914 tonnes of copper concentrate, at an average concentrate ratio of 4.08 to 1. Stockpile sampling at the 50%-owned Palta Dorada property returned 7.09 g/t Au, 17.42 oz/t Ag and 3.46% Cu.
Corporate
202215 releases
Peruvian Metals to Extend Warrants
The expiry date of 2,334,000 outstanding warrants set to expire December 15, 2022 will be extended to March 31, 2023, subject to TSX Venture Exchange approval, with all other terms unchanged. The warrants form part of 5,000,000 originally issued on September 9, October 6 and October 31 under a three-tranche private placement completed in September and October 2020, of which 2,666,000 have since been exercised.
CorporatePeruvian Metals Continues Record Throughput at Its Aguila Norte Processing Plant
The 80-per-cent-owned Aguila Norte processing plant in Northern Peru processed 6,871 tonnes in the third quarter of 2022, bringing the year-to-date total to 21,757 tonnes, a 10% increase over the same period in 2021. September production was lower due to scheduled maintenance and replacement of several key mill components; the plant is now fully operational and fourth-quarter production is expected to exceed previous quarters. Its IGAC environmental permit allows expansion beyond the current 100 tonnes per day level.
CorporatePeruvian Metals Achieves Record Throughput at Aguila Norte and Achieves Positive Adjusted EBITDA During the First Half of 2022
Adjusted EBITDA of $281,737 was reported for the first half of 2022 at the 80%-owned Aguila Norte Processing Plant in Northern Peru, with mineral processing revenue up 32.4% and current liabilities down 27.6% versus the same period in 2021. The plant processed 19,697 tonnes in twenty-eight campaigns during the first eight months of 2022, up 16% from 16,920 tonnes in 2021. July sales to Trading Partners Peru S.A.C. generated $179,877 US and $109,435 US in revenues against costs of $134,475 US and $74,133 US.
CorporatePeruvian Metals Achieves Record Throughputat Aguila Norte and Achieves Positive Adjusted EBITDA During the First Half of 2022
First-half 2022 results from the 80%-owned Aguila Norte Processing Plant in Northern Peru included record revenue and positive adjusted EBITDA of $281,737, with mineral processing revenue up 32.4% and current liabilities down 27.6% year over year. The plant processed a record 19,697 tonnes in twenty-eight campaigns during the first eight months, up 16% from 16,920 tonnes in 2021. July sales to Trading Partners Peru S.A.C. generated $179,877 US and $109,435 US in revenues against costs of $134,475 US and $74,133 US.
CorporatePeruvian Metals to Extend Warrants
The expiry date for 2,334,000 outstanding warrants set to expire September 9, October 6 and October 31, 2022 will be extended to December 15, 2022, subject to TSX Venture Exchange approval, with all other terms unchanged. The warrants formed part of 5,000,000 originally issued in a three-tranche private placement in September and October 2020, of which 2,666,000 have been exercised.
CorporatePeruvian Metals Announces Record Production and First Sales of Mineral Concentrates and Oxide Gold Material
The 80%-owned Aguila Norte plant in northern Peru processed 4,942 metric tonnes across five campaigns in April and May 2022, bringing the yearly total to 12,514 tonnes, more than 25% above 2021's 9,998 mt for the first five months. A purchased 313 mt copper batch grading 3.65% Cu and 0.80 oz/t Ag yielded 58.82 mt of concentrate at 17.23% Cu, 116 g/mt Ag and 3.56 g/mt Au, delivered to Trading Partners Peru S.A.C. A purchased 339 mt polymetallic batch produced lead-silver and zinc concentrates awaiting sale, and 31 mt of oxide gold material from the 50%-owned Palta Dorada property, averaging 8.8 g/t Au and 74 g/t Ag, was sold to Inca One's Kori One plant.
CorporatePeruvian Metals Announces RecordProduction and First Sales of MineralConcentrates and Oxide Gold Material
The 80%-owned Aguila Norte Processing Plant in Northern Peru processed 4,942 metric tonnes across five campaigns in April and May 2022, bringing the year-to-date total to 12,514 tonnes, over 25% above 2021's 9,998 mt for the first five months. A purchased 313 mt copper batch grading 3.65% Cu and 0.80 oz/t Ag yielded 58.82 mt of concentrate delivered to Trading Partners Peru S.A.C., assaying 17.23% Cu, 116 g/mt Ag and 3.56 g/mt Au. A 339 mt polymetallic batch produced lead-silver and zinc concentrates, and 31 mt of oxide gold material grading 8.8 g/t Au from the 50%-owned Palta Dorada property was sold to Inca One's Kori One plant.
CorporatePeruvian Metals Announces Filing of Annual Financial Statements
Audited annual financial statements for the fiscal year ended December 31, 2021, together with the related management discussion and analysis and certifications, have been filed by Peruvian Metals Corp., further to its news release dated May 3, 2022. The filings are available on SEDAR. The company is a Canadian exploration and mineral processing company providing toll milling services and producing concentrates from mineral purchases in Peru.
CorporatePeruvian Metals Announces Delay in Filing Annual Financial Statements
Filing of the audited annual financial statements and related MD&A for the fiscal year ended December 31, 2021 has been delayed beyond the May 2, 2022 deadline, due to delays in audit procedures. The Company expects to file on or before Friday, May 6, 2022, and intends to provide updates on further developments promptly.
CorporateGold State Resources Completes Purchase of Panteria Project in Peru from Peruvian Metals
Gold State Resources Completes Purchase of Panteria Project in Peru from Peruvian Metals April 27, 2022 2026 2025 2024 2023 2022 2021 2020 2019 2018
AcquisitionPeruvian Metals Completes the Sale of the Panteria Cu-Au Project In South-Central Peru
The Panteria Cu-Au Porphyry Project, including the Renaldo Au-Ag Zone, in south-central Peru has been sold to Gold State Resources for US$200,000 cash and 9,275,000 Gold State shares, payable in two equal instalments, plus a 1% net smelter return royalty. The first US$100,000 instalment and 4,637,500 shares are due on signing, with the balance six months later. Bonus payments of CAD$750,000 each are payable on completion of 10,000 metres and 20,000 metres of drilling.
AcquisitionPeruvian Metals Completes the Sale of the Panteria Cu-Au Project
The sale of the Panteria Cu-Au Porphyry Project, including the Renaldo Au-Ag Zone, to Gold State Resources has been completed for US$200,000 cash and 9,275,000 Gold State shares paid in two equal installments, plus a 1% net smelter return royalty. A first installment of US$100,000 and 4,637,500 shares was paid on signing, with the balance due six months later. Bonus payments of CAD$750,000 each are payable on completion of 10,000 and 20,000 metres of drilling. Peruvian Metals also sold subsidiary Empresa Querco SAC for CAD$7,000.
AcquisitionPeruvian Metal's Aguila Norte Processing Plant Achieves Record First Quarter 2022 Production
Peruvian Metal’s Aguila Norte Processing Plant Achieves Record First Quarter 2022 Production April 20, 2022 2026 2025 2024 2023 2022 2021 2020 2019 2018
CorporatePeruvian Metal's Aguila Norte Processing Plant Achieves Record First Quarter 2022 Production
The 80%-owned Aguila Norte Processing Plant in Northern Peru processed 7,875 metric tonnes during the first quarter of 2022, more than 32% above the 5,934 mt processed in the first quarter of 2021, with additional concentrate drying areas completed in 2021 enabling the higher throughput. The plant holds an IGAC environmental permit allowing expansion beyond its current 100 tonnes per day level. The Company has begun purchasing mineral from miners for processing shortly.
CorporatePeruvian Metals to Commence Trading on the OTCQB Venture Market and Announces Change of Auditor
Peruvian Metals common shares began trading on the OTCQB Venture Market today under the ticker symbol DUVNF, with an application to the Depository Trust & Clearing Corporation pending. The company also changed auditors from McGovern Hurley LLP to MNP LLP effective March 24, 2022, following the former auditor's resignation at the company's request. There were no modified opinions in the former auditor's reports for the two most recently completed fiscal years and no reportable events.
Corporate