"mineral water plant setup"

Peruvian Metals Continue to Achieve 100% Throughput at its Aguila Norte Plant and Reports Positive Adjusted EBITDA for Third Quarter

Peruvian Metals Corp. (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru.

During the month of November, Peruvian Metals processed 2,997 metric tonnes ("tonnes") of material for third parties. This amount exceeds the previous monthly record of 2,976 tonnes in October 2021. As of November, the Plant has processed 25,799 tonnes in 2021 exceeding total tonnes processed in 2019 of 18,510 and 2020 of 13,185 tonnes.

The Company is also pleased to report third quarter positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization), representing a third consecutive quarterly positive EBITDA in 2021. Fourth quarter EBITDA performance is expected to reflect similar performance with continued investments into the Company's wholly owned projects.



To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3210/107205_75d6744af449d850_002full.jpg.

Jeffrey Reeder, CEO of Peruvian Metals, comments: "We are again pleased to achieve full operating capacity. With the cash flow being generated, the Company has significantly improved its cash position while reducing its liabilities. The Company is reviewing its 100% owned mineral concessions to either establish secure mineral feed for the plant or to sell/JV our properties to third parties."

Aguila Norte has an environmental permit ("IGAC") from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 mt per day level. With the steady processing of third-party mineral, the Company is continuing to improve our balance sheet and continuing negotiations to purchase and secure long-term sources of mineral.

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.

About Peruvian Metals Corp.

Peruvian Metals Corp. is a Canadian Exploration and Mineral Processing company. Our business model is to provide toll milling services for clients and to produce high grade concentrates from mineral purchases. The Company continues to acquire and develop precious and base metal properties in Peru.

For further information on Peruvian Metals Corp. please visit www.peruvianmetals.com.

Peruvian Metals Corp. is a Canadian resource company listed on the
TSX Venture Exchange: Symbol "PER"
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
Website: www.peruvianmetals.com Email: jeffrey.reeder@peruvianmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward-looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107205

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Steve Barton, mine site.

Steve Barton: Gold, Silver Prices, Plus Uranium's "Slam Dunk" Setup

Steve Barton, host of In It To Win It, weighs in on the recent price declines in gold and silver, outlining the odds for their next moves. He also discusses uranium, saying that current levels represent a strong entry point for investors. "I think this bet is a slam dunk. I think this is a... Keep Reading...
Westhaven Gold President and CEO Ken Armstrong.

Westhaven Gold: Infill Drilling Wraps at Shovelnose, Prefeasibility Study Targeted for 2027

Westhaven Gold (TSXV:WHN) is wrapping up a 35,000 meter infill drill program at its Shovelnose project in BC's Spences Bridge gold belt by the end of September, with a new mineral resource estimate (MRE) expected early next year. Results include 37 meters at 5.3 grams per tonne (g/t) gold and... Keep Reading...
GoldInxs CEO Nick Michael.

GoldInxs Targets Blackwater-Style Potential at Fishpot in Central BC

"The best place to find a new mine is right next to an existing mine."GoldInxs Mining (TSXV:INXS,OTCQB:INXGF) President and CEO Nick Michael says that idea is why the company is exploring its flagship Fishpot property in Central BC.Speaking to the Investing News Network at the Precious Metals... Keep Reading...
Don Durrett, gold and silver bars.

Don Durrett: Gold, Silver Stock Opportunity "Unbelievable," My Focus Now

Don Durrett of GoldStockData.com shares his updated gold and silver price outlook, as well as how his portfolio is focused given the current environment. "You have this unbelievable opportunity here — the leverage is just somewhat crazy," he said.Don’t forget to follow us @INN_Resource for... Keep Reading...
John Griffith, gold bars.

Gold Trend is Up, Output to Grow 500 Percent by 2030 | Gold Royalty's John Griffith

John Griffith, president of Gold Royalty (NYSEAMERICAN:GROY), outlines his company's growth plans in what he expects to continue to be a strong gold price environment. "If you just look at our current portfolio, we have over the next five years 500 percent growth all fully bought and paid for,"... Keep Reading...
Domestic Metals CEO Gordon Neal.

Domestic Metals Drilling Rio Tinto's Smart Creek Hole at a New Angle

Domestic Metals (TSXV:DMCU,OTCQB:DMCUF,FWB:03E0) President and CEO Gordon Neal discussed the drill program now underway at the Smart Creek project in Montana.Speaking with the Investing News Network at the Precious Metals Summit in Beaver Creek, Neal emphasized that Rio Tinto's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News