- Inca One Gold Corp. (INCA) has reported consolidated sales of US$5.5 million for November
- That was a 62-per-cent increase over the previous month of October of $3.4 million and a 139-per-cent increase over November 2021
- The cause of the monthly increase was a higher volume of gold sold and higher price received in November over October
- Also, the Board has approved the granting of incentive stock options to key figures of the company to acquire an aggregate of 1.9 million common shares
- Inca One Gold Corp. is an established gold producer operating two fully permitted gold mineral processing facilities in Peru
- Inca One Gold Corp. opened trading at $0.18
Inca One Gold Corp. (INCA) has reported consolidated sales of US$5.5 million for November.
The company’s sales figure for November was a 62-per-cent increase over the previous month of October of $3.4 million and a 139-per-cent increase over November 2021.
The cause of the monthly increase was a higher volume of gold sold and higher price received in November over October.
The comparative year-over-year (YoY) increase was a result of an increased volume of gold sold despite a lower price of gold received over the comparable period.
Deliveries in November reached 4,214 tonnes for both plants. Combined milling activities reached 3,886 tonnes, averaging 130 tonnes per day (TPD) throughput for the month.
Trailing 12-month sales for the company increased to $52 million, underpinning consistent levels of milling and production at both plants.
The company’s primary, near-term objective continues to be raising non-dilutive capital to increase its ore purchases.
Furthermore, in line with the company’s long-term incentive plan, the Board of Directors has approved the granting of incentive stock options to directors and officers of the company to acquire an aggregate of 1.9 million common shares of the company.
These options are exercisable at C$0.18 per stock option. The options expire on December 20, 2024, and will vest in accordance with the policies of the TSX Venture Exchange.
Inca One Gold Corp. is an established gold producer operating two fully permitted gold mineral processing facilities in Peru.
Inca One Gold Corp. opened trading at $0.18.
