Welcome to our dedicated page for Altiplano Metals news (Ticker: ALTPF), a resource for investors and traders seeking the latest updates and insights on Altiplano Metals stock.
Altiplano Metals Inc. (ALTPF) operates copper-gold-iron mining projects in Chile's mineral-rich regions, including the Farellon mine and Santa Beatriz exploration site. This page aggregates official news about production milestones, processing advancements, and resource expansion efforts essential for tracking the company's progress.
Investors and analysts will find timely updates on underground development phases, ore processing efficiencies at the El Peñón facility, and exploration results from IOCG-type deposits. Key coverage includes quarterly production reports, strategic partnerships, and technical improvements to mining operations.
All content is sourced directly from company disclosures to ensure accuracy. Bookmark this page for streamlined access to ALTPF's operational updates, geological findings, and market communications. Check regularly for new developments in Chile's evolving mining landscape.
Altiplano Metals has reported promising assay results from its Santa Beatriz Copper-Gold-Iron Project. Key findings include high-grade samples with up to 3.65% Copper, 0.29 g/t Gold, and 26.97% Iron over 2.45 meters. The results, gathered from a total of 98 samples and 37 sampling channels, reveal a significant mineralization potential. CEO Alastair McIntyre expressed optimism about the geological similarities with their Farellon mine and the project's potential to enhance processing at the El Peñón mill plant. The company plans further exploration, including bulk sampling, geophysics, and diamond drilling, and has the necessary infrastructure in place for development.
Altiplano Metals has commenced mining operations at the 326 m level at the Farellon mine near La Serena, Chile, as part of ongoing underground development. This new production area will allow for the extraction of high-grade copper-gold and iron materials. The 326 m level development is expected to enhance productivity by accessing additional mineralized zones. The new mining operations aim to boost production to 5,000 tonnes per month for the El Peñón processing facility. The company has generated over $14.9 million from the sale of more than 6.55 million pounds of copper since 2018. CEO Alastair McIntyre emphasized the importance of increased copper grades and the new access points in improving operational efficiency.
Altiplano Metals Inc. reported Q1 2024 operational results from the Farellon mine in Chile, with a copper grade of 1.74% and record 2.29% in March. Production totaled 8,600 tonnes with $716,200 revenue, a 10% decrease from Q4 2023. Waste removal increased by 65% as development progresses. The El Peñón processing plant now has full power support. Stockpiles are ready for processing, and the company generated over $14.9 million from copper sales since 2018.
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