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Be the first with the news that moves the market- Inca One Gold (INCA) has reported another record month of mineral processing for June 2021
- The company processed 5,183 tonnes of gold-bearing material, representing a 46 per cent increase over the previous record set in May 2021
- The company intends to pursue additional working capital to increase ore purchases in the high-production fall and winter months
- Inca One is a gold producer operating two fully permitted gold mineral processing facilities in Peru
- Inca One Gold (INCA) is up by 4.11 per cent and is currently trading at $0.38 per share
Inca One Gold (INCA) has reported another record month of mineral processing for June 2021.
The company processed 5,183 tonnes of gold-bearing material, representing a 46 per cent increase over the previous record set in May 2021 and a 37 per cent increase over the previous best-ever June total of 3,774 tonnes in 2019.
Last month’s result, which averaged 173 tonnes per day, marks Inca’s highest processing level since December 2019’s total of 5,177 tonnes.
The company intends to pursue additional working capital to increase ore purchases in what are historically the highest production months of August to December.
Edward Kelly, President and CEO of Inca One, commented,
“As we have previously reported, our production tends to lag ore supply and the production results from this past month of June are a direct result of our record deliveries in during May. We have demonstrated once again that higher levels of working capital directly lead to increased processing rates which fuel production growth and positive cash flow.”
Inca One is a gold producer operating two fully permitted gold mineral processing facilities in Peru.
Inca One Gold (INCA) is up by 4.11 per cent and is currently trading at $0.38 per share as of 9:57 am ET.
