"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

Peruvian Metals

Peruvian Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
abx tsx

Peruvian Metals

Positive Cashflow and First-Mover Advantage in Peru

Positive Cashflow and First-Mover Advantage in Peru Keep Reading...
First Development Resources

Selta Project - Gold Exploration Update

First Development Resources plc (AIM: FDR), a UK-based, Australia-focused mineral exploration company with interests in Western Australia and the Northern Territory, is pleased to provide an update on its gold ("Au") focused exploration at the Selta Project ("Selta" or the "Project"), located in... Keep Reading...
Tectonic Metals (TSXV:TECT)

Tectonic Metals Drills 4.50 g/t Au over 48.77 metres with 7.79 g/t Au over 24.38 metres at New Target, Flat Gold Project, Alaska

First-Ever Drilling by Tectonic at Black Creek Intrusion Delivers High-Grade Gold Six Kilometres North of Chicken Mountain, Validating Multi-Intrusion Gold System Across 99,800-Acre Flat Property VANCOUVER, BC / ACCESS Newswire / January 29, 2026 / Tectonic Metals Inc. ("Tectonic" or the... Keep Reading...
Flow Metals Provides Structural Interpretation Update from Sixtymile Gold Project

Flow Metals Provides Structural Interpretation Update from Sixtymile Gold Project

Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") is pleased to announce a technical update on its Sixtymile Gold Project, Yukon. Recent re-logging of historic drill core has resulted in a revised structural interpretation of gold mineralization.The revised interpretation supports a... Keep Reading...
Peruvian Metals Provides Update on the Minas Visca Silver Project in Northern Peru and Announces Financing

Peruvian Metals Provides Update on the Minas Visca Silver Project in Northern Peru and Announces Financing

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") is pleased to provide an update on the Company's Minas Visca Silver property (the "Property") located in Northern Peru. Peruvian Metals acquired the Property in 2021 by submitting a superior offer... Keep Reading...
Blackrock Silver Appoints Sean Thompson as Head of Investor Relations

Blackrock Silver Appoints Sean Thompson as Head of Investor Relations

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (the "Company" or "Blackrock") is pleased to announce the appointment of Sean Thompson as Head of Investor Relations for the Company.Mr. Thompson is a seasoned capital markets professional with over 17 years of experience in... Keep Reading...
Peruvian Metals

Peruvian Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News