Peruvian Metals Exceeds US$1 Million in Revenues for 2019
Peruvian Metals owns an 80% interest in the Aguila Norte Process Plant that is strategically located just off the Pan American highway, near Peru’s 2nd largest city, Trujillo, in northern Peru. Abundant small-scale mining activity occurs in northern Peru but there are very few independent processing facilities available. The Aguila Norte mineral processing plant hosts crushing, milling, gravity separation and flotation circuits with an initial throughput capacity of 100 tonnes per day. Peruvian Metals anticipates feeding high-grade polymetallic and precious-metal, sulphide mineral through the process plant to deliver high-value concentrates available for sale to the Peruvian metal trading market. Peruvian Metals and its experienced Peruvian team have been identifying multiple sources of mineral feed to fill the initial process plant capacity. The Company is well advanced to receive full permits and licenses which will enable the expansion of the Aguila Norte Process Plant. Expansion is expected to be funded via internal cash flow from plant profitability.