Welcome to our dedicated page for Peruvian Metals news (Ticker: DUVNF), a resource for investors and traders seeking the latest updates and insights on Peruvian Metals stock.
Peruvian Metals Corp. (DUVNF) delivers essential mineral processing services and strategic resource development through its Peruvian operations. This news hub provides investors and industry stakeholders with timely updates on operational milestones, exploration progress, and corporate developments.
Access verified press releases and analysis covering toll milling achievements, mineral concentrate production, and property acquisitions in Peru's mining sector. Track updates from the company's Aguila Norte Processing Plant, strategic partnerships, and technical advancements in mineral extraction.
Our curated news collection enables informed decision-making by consolidating critical updates on precious/base metal processing, environmental compliance, and resource portfolio expansion. Discover how Peruvian Metals balances operational efficiency with exploration growth in one of South America's key mining regions.
Bookmark this page for direct access to official announcements regarding processing capacity updates, mineral yield improvements, and strategic asset development. Stay current with the company's progress in delivering reliable toll milling services while expanding its mineral property interests.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) announces a delay in filing its annual financial statements and related documents for the fiscal year ended March 31, 2024. The delay is due to difficulties experienced by the company's auditors, Zeifmans LLP, in obtaining information from local auditors in Peru. The company expects to file the required documents by August 16, 2024, instead of the original deadline of July 29, 2024.
As a result, Peruvian Metals has applied for a management cease trade order to restrict trading in company securities by its CEO and CFO. The company intends to comply with alternative information guidelines while the filings remain outstanding and confirms there are no insolvency proceedings against it.
Peruvian Metals has released an update on its Aguila Norte processing plant, revealing that it processed 14,869 tonnes of third-party mineral in the first half of 2024, up 7.9% compared to the same period in 2023. The plant was at capacity in April and May, and the company expects a record production year.
CEO Jeffrey Reeder highlighted that the rising production is funded by cash flow from the plant and that the company continues to acquire quality mineral concessions. They plan to enter the Peruvian gold space and are considering new sites for a Carbon in Pulp gold processing plant.
The company also closed a private placement, raising $275,050 through the issuance of 3,929,286 units at $0.07 per unit, which includes one common share and a half-share purchase warrant. Certain insiders acquired 279,286 units in this financing.
Peruvian Metals has announced the closing of the second tranche of its non-brokered private placement, raising $50,050 through the issuance of 715,000 Units at $0.07 per Unit. Each Unit includes one common share and one-half non-transferable share purchase warrant, which can be exercised at $0.10 per share within two years. The total offering aims to raise up to $560,000 for developing the Mercedes and Palta Dorada properties and general working capital. No finders' fees were issued for this tranche, and all securities are subject to resale restrictions until September 29, 2024. Regulatory approvals, including from the TSX Venture Exchange, are pending.
Peruvian Metals Corp. provided an update on mineral processing at the Aguila Norte Processing Plant, reporting a 13% increase in production in the first four months of 2024 compared to 2023. The company is optimistic about exceeding production levels for the remainder of the year, with plans to expand operations beyond the current 100 tonnes per day level.
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