Peruvian Metals Corp. has provided a corporate update regarding production at its Aguila Norte processing plant, financial stability, and future projects in the gold sector. The company reported a 35.49% increase in processed minerals in early 2025 and outlined the impact of Tartisan Nickel’s significant share sales on its stock price. Peruvian Metals plans to explore additional mining opportunities and acknowledges the inherent risks in projecting future developments.
Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has released a corporate update detailing market activities, production results, and future business focus. The company has reported two-month production results for January and February 2025 at its Aguila Norte processing plant, which is 80% owned by Peruvian Metals, located in Northern Peru. The company participated in two investment conferences and exhibited at the PDAC in March 2025, where management received inquiries regarding its stock price.
Management disclosed that Tartisan Nickel Corp. sold 26,620,500 shares of Peruvian Metals common stock during the nine months ending December 31, 2024. Tartisan’s shareholding decreased dramatically from 26.69% to 2.81% within this timeframe, attributed partly to the need for liquidity, as noted in their latest financial report. The company believes that these sales adversely affected its share price.
Financially, Peruvian Metals maintains a strong position and good cash flow. The company plans to explore the gold sector further, emphasizing its 100% owned Palta Dorada Project, which boasts high-grade gold. Additionally, they are investigating potential gold opportunities nearby and considering the construction of a carbon-in-pulp plant. However, no guarantees are provided regarding the mineralization or developments of new infrastructure.
In the initial two months of 2025, the Aguila Norte Plant processed 6,108 tonnes of mineral, an increase of 35.49% from the previous year, surpassing totals from both 2024 and 2023. Jeffery Reeder, P. Geo., has reviewed and approved the technical information within this release.
Peruvian Metals operates as an exploration and mineral processing firm, providing toll milling services with a focus on producing high-grade concentrates. The Aguila Norte plant has secured environmental permits for potential operational expansion. The company continues to seek additional precious and base metal properties within Peru.
In summary, Peruvian Metals Corp. has provided valuable updates regarding its financial stability, production results, and venture into gold exploration. With a robust processing capacity and plans for potential expansion, the company seeks to strengthen its market position. Nevertheless, investors should remain aware of the volatility stemming from major share sales affecting stock prices and the uncertainties surrounding future developments as disclosed.
Original Source: www.newsfilecorp.com
