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  • Peruvian Metals (PER) has provided an update for it Aguila Norte processing plant in northern Peru
  • In 2021, the plant processed 28,654 tonnes of third-party mineral
  • The company processed a record 8,829 tonnes of mineralized material in the fourth quarter
  • Mineral processing during the final six months of 2021 averaged more than 93 per cent of the plant’s capacity
  • Peruvian Metals is a Canadian exploration and mineral processing company
  • Shares in Peruvian Metals Corp. (PER) are up 2.70 per cent, trading at $0.19 per share

Peruvian Metals (PER) has provided an update for its Aguila Norte processing plant in northern Peru.

In 2021, the plant processed 28,654 tonnes of third-party mineral, compared with 18,510 tonnes in 2019 and 13,485 tonnes in 2020. This represents an increase of 54 per cent compared to 2019.

During the fourth quarter, Peruvian Metals processed a record 8,829 tonnes of mineralized material, an increase of 31 per cent compared with the 6,732 tonnes processed in Q4 2020.

Mineral processing during the final six months of 2021 averaged more than 93 per cent of the plant’s 36,000-tonne capacity per year.

The Aguila Norte plant produced high-grade quality concentrates for third parties in 30 mineral campaigns or batches, ranging from 62 tonnes to 2,077 tonnes.

Jeffrey Reeder, CEO of Peruvian Metals, commented on the Q4 and 2021 results.

“We are extremely pleased with the record production in 2021,” said Mr. Reeder. “Production levels are expected to continue in 2022.”

“We are also pleased that during 2021, the company acquired a 50 per cent interest the Au-Ag Palta Dorada property located nearby the Aguila Norte Plant and successfully acquired a very prospective Au-Ag-Pb-Zn concession in a closed bid government auction in November,” he added. “Both these assets were acquired to provide mineral feed for the plant.”

Aguila Norte has an environmental permit (IGAC) from the Peruvian government, which provides the plant with the ability to expand operations past the current 100-tonne-per-day level.

Peruvian Metals is a Canadian exploration and mineral processing company.

Shares in Peruvian Metals Corp. (PER) are up 2.70 per cent, trading at $0.19 per share as of 3:18 pm EST.

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