Peruvian Metals Corp. Provides Corporate Update
Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) has released a corporate update addressing market activity and production results. The company reported that Tartisan Nickel Corp sold 26,620,500 shares during the nine-month period ending December 31st, 2024, reducing its ownership from 26.69% to 2.81%, which likely impacted the share price negatively.
The company's Aguila Norte processing plant in Northern Peru, which is 80% owned by Peruvian Metals, processed 6,108 tonnes of mineral in the first two months of 2025, marking a 35.49% increase compared to the 4,508 tonnes processed in 2024.
Moving forward, the company plans to expand into the Peruvian gold sector through its 100% owned Palta Dorada Project, which contains high-grade gold in both oxide and sulphide material. The company recently re-established access roads to the underground workings and is exploring additional gold opportunities in the area, including the possibility of establishing a carbon-in-pulp (CIP) plant.
Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) ha rilasciato un aggiornamento aziendale riguardante l'attività di mercato e i risultati di produzione. L'azienda ha riportato che Tartisan Nickel Corp ha venduto 26.620.500 azioni durante il periodo di nove mesi terminante il 31 dicembre 2024, riducendo la sua partecipazione dal 26,69% al 2,81%, il che ha probabilmente avuto un impatto negativo sul prezzo delle azioni.
Il impianto di lavorazione Aguila Norte nel nord del Perù, di cui Peruvian Metals detiene l'80%, ha trattato 6.108 tonnellate di minerale nei primi due mesi del 2025, segnando un aumento del 35,49% rispetto alle 4.508 tonnellate trattate nel 2024.
In futuro, l'azienda prevede di espandersi nel settore dell'oro peruviano attraverso il suo Progetto Palta Dorada, di cui detiene il 100%, che contiene oro di alta qualità sia in materiale ossidato che solforato. L'azienda ha recentemente ripristinato le strade di accesso ai lavori sotterranei ed è alla ricerca di ulteriori opportunità d'oro nella zona, inclusa la possibilità di stabilire un impianto di carboni in pasta (CIP).
Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) ha publicado una actualización corporativa que aborda la actividad del mercado y los resultados de producción. La empresa informó que Tartisan Nickel Corp vendió 26,620,500 acciones durante el período de nueve meses que terminó el 31 de diciembre de 2024, reduciendo su participación del 26.69% al 2.81%, lo que probablemente afectó negativamente el precio de las acciones.
La planta de procesamiento Aguila Norte en el norte de Perú, que es propiedad en un 80% de Peruvian Metals, procesó 6,108 toneladas de mineral en los primeros dos meses de 2025, lo que representa un aumento del 35.49% en comparación con las 4,508 toneladas procesadas en 2024.
De cara al futuro, la empresa planea expandirse en el sector del oro peruano a través de su Proyecto Palta Dorada, que es 100% propiedad de la compañía y contiene oro de alta ley tanto en material oxidado como sulfuroso. La empresa ha restablecido recientemente las carreteras de acceso a las obras subterráneas y está explorando oportunidades adicionales de oro en la zona, incluida la posibilidad de establecer una planta de carbono en pulpa (CIP).
페루 메탈스 Corp (TSXV: PER) (OTCQB: DUVNF)는 시장 활동 및 생산 결과에 대한 기업 업데이트를 발표했습니다. 회사는 Tartisan Nickel Corp가 2024년 12월 31일 종료되는 9개월 동안 26,620,500주를 매각하여 소유 지분이 26.69%에서 2.81%로 감소했으며, 이는 주가에 부정적인 영향을 미쳤을 가능성이 있다고 보고했습니다.
페루 북부에 위치한 아기우라 노르테 처리 공장는 페루 메탈스가 80% 소유하고 있으며, 2025년 첫 두 달 동안 6,108톤의 광석을 처리하여 2024년의 4,508톤에 비해 35.49% 증가한 수치를 기록했습니다.
Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) a publié une mise à jour de l'entreprise concernant l'activité du marché et les résultats de production. La société a rapporté que Tartisan Nickel Corp a vendu 26 620 500 actions au cours de la période de neuf mois se terminant le 31 décembre 2024, réduisant ainsi sa participation de 26,69 % à 2,81 %, ce qui a probablement eu un impact négatif sur le prix des actions.
La plante de traitement Aguila Norte dans le nord du Pérou, dont Peruvian Metals détient 80 %, a traité 6 108 tonnes de minerai au cours des deux premiers mois de 2025, marquant une augmentation de 35,49 % par rapport aux 4 508 tonnes traitées en 2024.
À l'avenir, l'entreprise prévoit de s'étendre dans le secteur de l'or péruvien grâce à son Projet Palta Dorada, qui est entièrement détenu et contient de l'or de haute qualité dans des matériaux oxydés et sulfureux. L'entreprise a récemment rétabli les routes d'accès aux travaux souterrains et explore d'autres opportunités d'or dans la région, y compris la possibilité d'établir une usine de carbone en pulpe (CIP).
Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) hat ein Unternehmensupdate veröffentlicht, das sich mit der Marktaktivität und den Produktionsresultaten befasst. Das Unternehmen berichtete, dass Tartisan Nickel Corp im Zeitraum von neun Monaten bis zum 31. Dezember 2024 insgesamt 26.620.500 Aktien verkauft hat, wodurch sich der Anteil von 26,69% auf 2,81% verringert hat, was wahrscheinlich einen negativen Einfluss auf den Aktienkurs hatte.
Die Aguila Norte Aufbereitungsanlage im Norden Perus, die zu 80% im Besitz von Peruvian Metals ist, hat in den ersten beiden Monaten des Jahres 2025 6.108 Tonnen Mineral verarbeitet, was einen Anstieg von 35,49% im Vergleich zu den 4.508 Tonnen im Jahr 2024 darstellt.
Für die Zukunft plant das Unternehmen, in den peruanischen Goldsektor zu expandieren, durch das zu 100% im Besitz befindliche Palta Dorada Projekt, das hochgradiges Gold sowohl in oxidischen als auch in sulfidischen Materialien enthält. Das Unternehmen hat kürzlich die Zugangsstraßen zu den unterirdischen Arbeiten wiederhergestellt und erkundet zusätzliche Goldmöglichkeiten in der Region, einschließlich der Möglichkeit, eine Kohlenstoff-in-Paste (CIP) Anlage einzurichten.
- Processing volume increased 35.49% to 6,108 tonnes in first two months of 2025
- Company reports strong financial position with good cash flow
- 80% ownership of operational Aguila Norte processing plant
- 100% ownership of high-grade gold Palta Dorada Project
- Major shareholder Tartisan Nickel sold 26.6M shares, reducing stake from 26.69% to 2.81%
- Share price adversely affected by large-scale selling pressure
- No assurance of economically viable mineralization at Palta Dorada
Edmonton, Alberta--(Newsfile Corp. - March 11, 2025) - Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) ("Peruvian Metals" or the "Company") comments on certain market activity during 2024, two-month production results for January and February 2025 at its 80-per-cent-owned Aguila Norte processing plant (the "Aguila Norte Plant") located in Northern Peru, as well as its business focus going forward.
During the first quarter of 2025, the Company attended two Canadian investment conferences and exhibited at the world's largest mining conference, the Prospectors and Developers Association of Canada ("PDAC") in the first week of March. During PDAC, management of Peruvian Metals received several inquiries regarding the share price of the Company. Management feels that it is important that shareholders understand that, according to Tartisan Nickel Corp.'s ("Tartisan") publicly filed interim financial report filed March 3rd, 2025 (the "Report"), Tartisan sold 26,620,500 shares of the Peruvian Metals common shares held by it during the 9-month period ending December 31st, 2024. The Report further notes that as of March 31st, 2024, Tartisan Nickel held
Peruvian Metals notes that the Company is financially strong with good cash flow. Please see the Company's publicly filed documents on www.SEDARPLUS.ca for further information. The Company intends to move into the Peruvian gold space by focusing on its
The Company is also pleased to note that in the first 2 months of 2025 the Plant processed 6,108 tonnes of wholly owned and third-party mineral which exceeds the 4,508 tonnes processed in 2024 and 4,441 tonnes processed in 2023 and represents an increase of
Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects, who has reviewed and approved the technical contents of this press release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. The Company continues to acquire and develop precious and base metal properties in Peru.
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "forward-looking information" within the meaning of applicable securities legislation. We use words such as "intends", "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Examples of forward-looking statements include the Company's plans to move into the Peruvian gold space, to acquire additional mineral properties or to build a CIP plant. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available under the Company's profile at www.sedarplus.ca.While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244085
FAQ
What caused the decline in Peruvian Metals (DUVNF) share price during 2024?
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