Inca One Announces Production Results From Q2

- July 11th, 2018

Inca One Gold Corp. (TSXV: IO) announced its full gold production results at its wholly owned Chala One Plant for the second quarter of 2018.

Inca One Gold Corp. (TSXV: IO) announced its full gold production results at its wholly owned Chala One Plant for the second quarter of 2018.

As quoted in the press release:

 June 2018 reached 1,541 ounces. Throughput at Chala One averaged 115 tonnes per day in June 2018, up from 70 tonnes per day, year-over-year and up from 110 tonnes per year from the prior month of May 2018. 

Gold-bearing material supplied at Chala One continued to be robust as deliveries reached 2,871 tonnes over this month, an increase of 51 percent year-over-year (1,906 tonnes) and an increase of 25 percent over the prior month of May 2018 (2,300 tonnes). 

It is important to indicate Inca One surpassed its quarterly production target for the most recent quarter ending June 30, 2018, for the first time. Production over the three months of April, May, and June 2018 reached 9,400 tonnes, an increase of 75 percent over the same three-month period in 2017 (5,367 tonnes) and an increase of 40 percent from the prior three-month period of January, February and March 2018 (6,697 tonnes).

During Q2-2018, throughput at Chala One averaged 103 tonnes per day, an increase from 59 tonnes per day year-over-year and an increase from 74 tonnes per day from the prior three-month period of January, February and March 2018. 

Gold produced during the Quarter reached 4,297 ounces, an increase of 71 percent year-over-year and an increase of 49 percent quarter-over-quarter.  Average monthly gold production reached approximately 1,430 ounces during the Quarter, as compared to 835 ounces in the comparable quarter in 2017.

Edward Kelly, president and CEO, commented:

We are extremely pleased with this milestone of an average of over 100 tonnes per day these past three months. Our entire team is to be commended for surpassing our target and achieving this record production for the Quarter.  We enter the next three- month period with a goal of sustaining the throughput rate at an average of 100 tonnes per day, with a focus on increasing the average gold grade processed.

Click here to read the full Inca One Gold Corp. (TSXV: IO) press release.

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