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Altiplano Metals Inc. (TSXV: APN) is a growing gold, silver, and copper company focused on the Americas, with a diversified asset portfolio that includes an operating copper/gold/iron mine and a state-of-the-art processing facility near La Serena, Chile. Recent developments include the optimization of the El Peñón processing plant and the establishment of new production areas at the Farellon and Santa Beatriz mines. With a focus on creating long-term stakeholder value through sustainable production, exploration, and acquisitions, Altiplano is positioned for continued success in the mining sector.
Altiplano Metals has reported promising assay results from its Santa Beatriz Copper-Gold-Iron Project. Key findings include high-grade samples with up to 3.65% Copper, 0.29 g/t Gold, and 26.97% Iron over 2.45 meters. The results, gathered from a total of 98 samples and 37 sampling channels, reveal a significant mineralization potential. CEO Alastair McIntyre expressed optimism about the geological similarities with their Farellon mine and the project's potential to enhance processing at the El Peñón mill plant. The company plans further exploration, including bulk sampling, geophysics, and diamond drilling, and has the necessary infrastructure in place for development.
Altiplano Metals has commenced mining operations at the 326 m level at the Farellon mine near La Serena, Chile, as part of ongoing underground development. This new production area will allow for the extraction of high-grade copper-gold and iron materials. The 326 m level development is expected to enhance productivity by accessing additional mineralized zones. The new mining operations aim to boost production to 5,000 tonnes per month for the El Peñón processing facility. The company has generated over $14.9 million from the sale of more than 6.55 million pounds of copper since 2018. CEO Alastair McIntyre emphasized the importance of increased copper grades and the new access points in improving operational efficiency.
Altiplano Metals Inc. reported Q1 2024 operational results from the Farellon mine in Chile, with a copper grade of 1.74% and record 2.29% in March. Production totaled 8,600 tonnes with $716,200 revenue, a 10% decrease from Q4 2023. Waste removal increased by 65% as development progresses. The El Peñón processing plant now has full power support. Stockpiles are ready for processing, and the company generated over $14.9 million from copper sales since 2018.
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