Peruvian Metals Corp. Provides Update on Mineral Processing During October and November at the Aguila Norte Processing Plant in Northern Peru
Peruvian Metals Corp. Provides Update on
Mineral Processing During October and
November at the Aguila Norte Processing Plant
in Northern Peru
Edmonton, Alberta--(Newsfile Corp. - December 2, 2020) -
Peruvian Metals Corp. (TSXV: PER)
("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 the months of October and November, Peruvian Metals processed 4,692 metric tonnes ("mt") of
third party mineral. The Company pleased to note that the Plant has already exceeded 2019 total fourth
quarter production of 4,496 mt. The company expects to continue processing during December will
continue to accept mineral deliveries during the holidays.
Jeffrey Reeder, CEO of Peruvian Metals, comments: "Since the successful restart of the Aguila Norte
processing facility, the plant has been achieving consistent and increasing production since July.
We
expect similar production levels for December and will be accepting mineral deliveries until the end of
the year. Since the restart we are extremely pleased that the average daily production is 71% of total
capacity. The Company is now able to use its free cash flow to continue its plant upgrades."
The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government
which provides the Plant with the ability to expand operations past the current 100 tonnes 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 Corp. is a Canadian Exploration and Mineral Processing company. Our 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 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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