Peruvian Metals Corp. announces expansion plan with new gold processing plant: a boost for the Peruvian mining sector.

The Canadian company Peruvian Metals Corp., dedicated to the exploration and processing of minerals, has generated great expectations in the Peruvian market by announcing its plans to expand its operations with the construction of a new gold processing plant. This project would be based on the carbon in pulp extraction technique, which represents an important step in consolidating the company's presence in the country's gold sector. Jeffrey Reeder, CEO of Peruvian Metals, has stated that the company is evaluating different locations to establish this new infrastructure, aiming to maximize its efficiency and productivity. According to his statements, the company is in a privileged position compared to other companies in the industry, strengthening its financial position and advancing its mineral assets with the least possible dilution of shares. Regarding its current operations, the Águila Norte processing plant in La Libertad has performed well during the first half of 2024. According to company reports, 14,869 tons of third-party mineral were processed, exceeding the figure from the same period of the previous year by 7.9%. This increase in production reflects Peruvian Metals' commitment to achieving a record year in terms of mineral processing. The growth and efficiency of the Águila Norte plant have been maintained during the months of April and May, operating at full capacity and generating optimism about the future performance of the facility. This steady production flow has allowed the company to sustain its operations and meet its processing goals for the current year. To finance its projects and operations, Peruvian Metals conducted a private placement that resulted in the raising of 275,050 Canadian dollars. This unit issuance included the participation of insiders, who acquired a total of 279,286 units. Although this transaction is considered a "related party transaction," it has been carried out in accordance with relevant regulations and with the aim of strengthening the company's financial position for its expansion plans. In this context, the construction of a new gold processing plant represents a significant opportunity for Peruvian Metals Corp. and for the Peruvian mining sector as a whole. Investment in modern technology and infrastructure will allow the company to optimize its extraction processes and increase its production capacity, contributing to economic growth and sustainable development in the region where the plant will be established. In conclusion, Peruvian Metals' decision to expand its operations in the Peruvian gold market through the construction of a new gold processing plant represents a strategic step towards consolidating its position as a leading company in the mining sector. With a focus on operational efficiency, sustainability, and technological innovation, the company positions itself as a key player in the country's mining development, generating growth and employment opportunities in the region where it will carry out this ambitious project.