Peruvian Metals Corp. Corporate Update: Strategic Advances and Production Growth

Peruvian Metals Corp. reported on market activities and production results for early 2025, highlighting the impact of Tartisan Nickel’s share sales on its share price. The company aims to transition into gold mining via its Palta Dorada Project and noted an increase in processing at the Aguila Norte plant. Management assures shareholders of its financial strength and growth potential.

On March 11, 2025, Peruvian Metals Corp. provided a corporate update discussing its recent market activities and production results. The company addressed the share price impacts due to significant share sales by Tartisan Nickel Corp., which reduced their ownership from 26.69% to 2.81% after selling 26,620,500 shares. Management emphasized the importance of transparent communication with shareholders regarding the reasons behind the fluctuating share prices.

In light of its financial stability, Peruvian Metals plans to expand into the gold sector, focusing on its wholly owned Palta Dorada Project in Northern Peru. This location has high-grade gold resources, and the company is exploring additional gold opportunities and has re-established access roads to underground workings. However, there is no guarantee regarding the economic viability of the mineralization at Palta Dorada or the establishment of a new carbon-in-pulp (CIP) plant.

The Aguila Norte processing plant reported processing 6,108 tonnes of minerals in January and February 2025, marking a 35.49% increase compared to the previous year’s output. This achievement highlights the company’s operational growth and capability. Jeffrey Reeder, the Qualified Person under National Instrument 43-101, validated the technical aspects of this announcement, reinforcing the reliability of the information shared.

Peruvian Metals Corp. operates a processing plant permitted to expand operations and is committed to acquiring and developing precious and base metal properties in Peru. The company indicates a strong outlook based on its strategic initiatives and the positive performance metrics thus far.

In conclusion, Peruvian Metals Corp. is strategically positioning itself for growth in the gold sector while maintaining robust operational performance at the Aguila Norte processing plant. Recent changes in shareholding by Tartisan Nickel demonstrate market challenges that the company aims to navigate with transparency. The focus on developing the Palta Dorada Project and further exploration activities underscores the company’s commitment to expanding its mineral processing capabilities and market presence.

Original Source: www.newsfilecorp.com