- Inca One Gold Corp. (INCA) has reported unaudited consolidated gold and silver sales for the first quarter of 2022
- The company recorded sales reaching approximately US$14.5 million,
- It was a 75 per cent increase when compared to the US$8.3 million sales figure in the first quarter of 2021
- The sales figure made Q1 2022 the most productive first quarter on record for the company
- Inca One Gold is a gold producer operating two fully permitted, mineral-processing facilities in Peru
- Inca One Gold Corp. (INCA) is up 0.045 per cent, trading at $0.34 per share at 1 PM ET
Inca One Gold Corp. (INCA) has reported unaudited consolidated gold and silver sales for the first quarter of 2022 covering January, February and March.
It was the most productive first quarter on record for Inca One Gold with quarterly gold and silver sales reaching approximately US$14.5 million, a 75 per cent increase year over year (YoY) as compared to Q1 2021 sales of US$8.3 million.
Gold production in the quarter also increased YoY by 59 per cent.
The growth in production and sale of gold dore from both plants was driven by the rapid and effective deployment of the company’s available working capital towards the purchase of mineral rights throughout the quarter.
The company reports YoY increases in ore purchases of 164 per cent to 19,052 tonnes and as a result, milling activity increased by 122 per cent as the company processed 18,464 tonnes of material.
Demand for milling services continues to remain strong with month-over-month increases throughout this quarter.
The company milled an average of 204 tonnes per day, a new throughput record for the first quarter.
All comparative year-over-year (YoY) sales and production numbers represent consolidated operations from both Chala One and Kori One facilities.
Inca One Gold is a gold producer operating two fully permitted, mineral-processing facilities in Peru.
Inca One Gold Corp. (INCA) is up 0.045 per cent, trading at $0.34 per share at 1 PM ET.