Peruvian Metals Production Update for the First Half of 2025 at Aguila Norte Processing Plant
Rhea-AI Summary
Peruvian Metals (OTCQB:DUVNF) reported strong production growth at its 80%-owned Aguila Norte processing plant in Northern Peru for H1 2025. The plant processed 18,500 tonnes of third-party mineral, marking a 24.4% increase from 2024 and 34.2% increase from 2023.
The company expects to maintain full capacity operations throughout 2025, projecting a record production year. Additionally, Peruvian Metals plans to expand into gold processing, having identified a potential site for a Carbon in Pulp (CIP) gold processing facility. Preliminary engineering studies for the new plant will commence in August 2025.
The Aguila Norte plant holds an environmental permit (IGAC) allowing for expansion beyond its current 100 tonnes per day capacity.
Positive
- Processing volume increased 24.4% year-over-year to 18,500 tonnes in H1 2025
- Plant operating at full capacity with potential for expansion beyond 100 tonnes per day
- Company strengthening financial position with minimal share dilution
- Planned expansion into gold processing with new CIP facility
Negative
- None.
Edmonton, Alberta--(Newsfile Corp. - July 9, 2025) - Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral processing at its 80-per-cent-owned fully permitted Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru.
During the first six months of 2025 the Plant was at full capacity and processed 18,500 tonnes of third-party mineral, compared with 14,869 tonnes in 2024 and 13,786 tonnes in 2023. The 2025 year-to-date production represents an increase of 24.4 % compared to the same period for 2024, and a 34.2 % increase compared to the same period for 2023. The Company anticipates the Plant will be at full capacity for the remainder of 2025 and expects to report a record year of production.
Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, commented: "We are pleased that we are on track for a record processing year in 2025 at Aguila Norte. The Company has identified a potential site for a gold processing facility as we plan to enter into the Peruvian gold space. An ideal location to build a Carbon in Pulp ("CIP") gold processing plant is near water and the power grid. In August the Company will begin the preliminary engineering studies at this location in order to determine the viability for a new CIP plant. The Company is in a unique position compared to many in the junior mining space as we continue to strengthen the Company's financial position and advance our mineral assets with minimal share dilution."
The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 tonnes per day level. Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.
For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER", and the OTCQB Venture Market: Symbol "DUVNF".
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258236
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