Peruvian Metals Corp. Corporate Update Highlights Production…

Peruvian Metals Corp. shared a corporate update highlighting its market activity, production results, and a shift towards gold mining at the Palta Dorada Project. The Company processed over 6,100 tonnes of mineral in early 2025, showing a significant production increase. Despite share price challenges related to Tartisan Nickel’s selling, the Company maintains a strong financial position and aims to expand operations in Peru.

Peruvian Metals Corp., a Canadian exploration and mineral processing firm, released a corporate update on March 11, 2025, detailing its market activities in 2024 and production results from January and February 2025 at its Aguila Norte processing plant in Northern Peru. The Company participated in prominent Canadian investment conferences and presented at PDAC, which allowed management to address shareholder inquiries regarding share price fluctuations tied to significant share sales by Tartisan Nickel Corp.

During the nine-month period ending December 31, 2024, Tartisan sold over 26 million shares of Peruvian Metals, reducing its stake from 26.69% to 2.81%. This selling activity is believed to have negatively impacted the share price of Peruvian Metals. However, the Company emphasizes its strong financial position with healthy cash flow, as evidenced by its public filings on SEDAR.

Peruvian Metals is shifting its business focus toward gold mining, particularly its 100% owned Palta Dorada Project, which has access to high-grade gold resources. The Company has re-established access roads to underground workings and is exploring additional mineral opportunities in the region. However, there are no guaranteed outcomes regarding the economic viability of the Palta Dorada Project or the establishment of a carbon-in-pulp (CIP) plant.

In the first two months of 2025, the Aguila Norte Plant successfully processed 6,108 tonnes of mineral, exceeding previous years’ figures and indicating a 35.49% production increase. Jeffrey Reeder, the Qualified Person under NI 43-101 Standards, has approved these technical details. Peruvian Metals continues to focus on expanding its operations and acquiring more precious and base metal properties in Peru.

In summary, Peruvian Metals Corp. provided a corporate update emphasizing a shift towards gold production and strong financial performance. Despite challenges related to share sales impacting stock prices, the Company is well-positioned with increased mineral processing capabilities. The planned focus on the Palta Dorada Project and continued exploration signify its strategic direction in the mining sector.

Original Source: www.newsfilecorp.com