- Peruvian (PER) provided updates from mineral processing at its 80 per cent owned Aguila Norte Processing Plant, located in Northern Peru
- During the first half of 2022, the company reported record revenue and a positive adjusted EBITDA of $281,737
- In the first eight months of 2022, the Plant processed a record 19,697 tonnes of mineral in twenty-eight mineral campaigns
- Peruvian Metals is a mineral exploration company engaged in the exploration and development of mineral properties
- Peruvian Metals Corp. (PER) opened trading at C$0.10 per share
Peruvian (PER) provided updates from mineral processing at its 80 per cent owned Aguila Norte Processing Plant, located in Northern Peru.
During the first half of 2022, the company reported record revenue and a positive adjusted EBITDA of $281,737. Mineral processing revenue increased 32.4 per cent during the first six months of the year. Current liabilities (not including reclaiming costs) decreased 27.6 per cent from the same period in 2021.
During the first eight months of 2022, the Plant processed a record 19,697 tonnes of mineral in twenty-eight mineral campaigns. The 2022 year-to-date production represents an increase of 16 per cent, compared with the same period for 2021.
The company also completed the sale of the concentrates in the month of July. The concentrates amounted to 22.66 tonnes of Lead-Silver-concentrate, 50.57 tonnes of Zinc concentrate, and 52.98 tonnes of Copper concentrate. These were sold to Trading Partners Peru S.A.C generating $179,877 US in revenues.
During the month of July, the company purchased 295 tonnes of Lead-Zinc-Silver mineral. It was then generated and sold to Trading Partners Peru S.A.C, 19.85 tonnes of a Lead-Silver concentrate grading 163.67 oz Ag/MT, 39.56 per cent lead and 20.64 per cent zinc and 40.54 tonnes of a Zinc concentrate grading 47.7 per cent zinc and 7.78 oz Ag/MT. The sale generated revenues of $109,435 US in which mineral purchase, processing, and freight costs totalled $74,133 US.
Peruvian Metals is a mineral exploration company engaged in the exploration and development of mineral properties. Geographically, it has two segments, namely Peru and Canada. Its projects include Panteria, Mansa Musa, and others.
Peruvian Metals Corp. (PER) opened trading at C$0.10 per share.