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Inca One Gold Completes the Acquisition of Koricancha Processing Facility in Peru
Aug. 21, 2018 09:21AM PST
Precious MetalsInca One Gold (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) is pleased to announce that the company has finalized the purchase of Anthem United, which owns 90.14 percent interest in the 350 tonnes per day (“TPD”) Koricancha ore processing facility in Peru, from Equinox Gold (TSXV: EQX) (“Equinox”) and certain minority shareholders.
Inca One Gold (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) is pleased to announce that the company has finalized the purchase of Anthem United, which owns 90.14 percent interest in the 350 tonnes per day (“TPD”) Koricancha ore processing facility in Peru, from Equinox Gold (TSXV: EQX) (“Equinox”) and certain minority shareholders.
As quoted in the press release:
“The closing of this acquisition of the producing Koricancha Mill is a strategic and transformative acquisition for Inca One,” repeated President and CEO, Edward Kelly. “It instantly increases our footprint in Peru and allows us to grow our sales and earnings without significant and time-consuming capital spending and delays in permitting.”
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