Peruvian Metals Achieves Record Fourth Quarter and Yearly Throughput in 2021 at the Aguila Norte Processing Plant
Peruvian Metals Achieves Record Fourth
Quarter and Yearly Throughput in 2021 at the
Aguila Norte Processing Plant
Edmonton, Alberta--(Newsfile Corp. - January 11, 2022) -
Peruvian Metals Corp. (TSXV: PER) (OTC
Pink: DUVNF)
("Peruvian Metals" or the "Company") is pleased to provide an update regarding the
mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant ("Aguila Norte" or the
"Plant") located in Northern Peru. During 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%
compared to 2019.
During the fourth quarter of 2021, Peruvian Metals processed a record 8,829 tonnes of mineralized
material, an increase of 31% compared with 2020 fourth quarter processing of 6,732 tonnes. Mineral
processing during the final six months of 2021 averaged more than 93% of the Plant's capacity of
36,000 tonnes per year.
During 2021, the Plant produced high-grade quality concentrates for third parties in 30 mineral
campaigns or batches, ranging from 62 tonnes to 2,077 tonnes. The Plant continued to achieve excellent
recoveries by producing 4,532 tonnes of zinc concentrate, 1,806 tonnes of lead-silver concentrate, and
740 tonnes of copper concentrate. Concentrate ratios (amount of mineral processed to tonnes of
concentrates produced) in 2021 averaged 4.04 to 1.
Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, commented: "We are extremely pleased with
the record production in 2021. The fourth quarter achieved record throughput levels at 98% of total plant
capacity. Production levels are expected to continue in 2022. We are also pleased that during 2021, the
Company acquired a 50% 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. 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.
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101, has prepared,
supervised the preparation, or approved the scientific and technical disclosure contained in this news
release.
About Peruvian Metals Corp.
Peruvian Metals is a Canadian exploration and mineral processing company. The Company's business
model is to provide toll milling services for clients and to produce high-grade concentrates from mineral
purchases. The Company continues to acquire and develop precious metal and base metal properties in
Peru
For further information on Peruvian Metals Corp. please visit
www.peruvianmetals.com
.
Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange : Symbol "PER"
For additional information, contact:
Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com
Email:
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 Statements" within the meaning of applicable securities legislation. We use words such as
"might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar
terminology to identify forward-looking statements and forward-looking information. 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 at
www.sedar.com.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.
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