Peruvian Metals Corp. provided a corporate update discussing market activities, production results from its Aguila Norte plant, and future projects including its focus on the Palta Dorada gold project. Despite a decline in share price influenced by Tartisan Nickel’s stock sales, the company remains financially stable and is expanding operations in Peru.
Peruvian Metals Corp. has provided an update regarding its market activity, production results, and future business strategies. The company observed trading patterns in 2024 and reported on its Aguila Norte processing plant, which is 80 percent owned by Peruvian Metals. January and February 2025 production figures have also been highlighted, demonstrating the company’s operational progress.
In the first quarter of 2025, Peruvian Metals participated in two Canadian investment conferences and exhibited at the Prospectors and Developers Association of Canada (PDAC) event. During PDAC, management received inquiries concerning the share price, linked to the sale of shares by Tartisan Nickel Corp., which allegedly impacted Peruvian Metals’ share value negatively. Tartisan’s recent report revealed a significant decrease in its holdings, reducing its ownership percentage from 26.69% to 2.81% due to ongoing sales for cash flow needs.
Peruvian Metals Corp. remains focused on expanding its business in gold mining through the Palta Dorada project and evaluating additional opportunities in mineral processing. The company has demonstrated a solid production increase at the Aguila Norte plant and maintains a positive outlook despite previous market fluctuations influenced by Tartisan Nickel’s sales. The firm is committed to enhancing its operations and exploring future expansion opportunities in Peru.
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