Peruvian Metals Continues to Process at Full Capacity for the First Quarter of 2026 at Aguila Norte Processing Plant
MWN-AI** Summary
Peruvian Metals Corp. (TSXV: PER) reported impressive production results for the first quarter of 2026 at its 80%-owned Aguila Norte processing plant in Northern Peru. The plant operated at full capacity, processing 9,212 metric tonnes (mt) of minerals, slightly up from 9,168 mt during the same period in 2025. This achievement is particularly significant given that the rainy season in Peru typically hampers mining activities. The company has also secured an extension of surface rights over the Aguila Norte area for an additional 10 years.
In early 2026, the company conducted financings that are funding equipment upgrades and maintenance at the plant, anticipated to enhance production efficiency without disrupting current output levels. Peruvian Metals' subsidiary, Minera Aguila de Oro S.A.C (MADOSAC), manages the facility, which sits on a concession of 120 hectares, with additional contiguous concessions also owned by the company.
Noteworthy exploration results from previous efforts include a grab sample showing 1.487 grams of gold, 3.40 ounces of silver, and 3.00% copper at an old vertical shaft. Samples from 500 meters northeast of the plant indicated promising surface oxide copper mineralization, averaging 3.15% soluble copper. These findings suggest significant potential for copper sulphides at greater depths, which could be highly viable for processing at Aguila Norte.
CEO Jeffrey Reeder expressed confidence in maintaining high production levels throughout 2026, as ongoing financial efforts support exploration for further mineral deposits near the plant. With an environmental permit allowing for expansion, the future looks promising for Peruvian Metals as it aims for a record year in production.
MWN-AI** Analysis
Peruvian Metals Corp. (TSXV: PER) has reported impressive production levels from its Aguila Norte processing plant in the first quarter of 2026, processing 9,212 mt, up from 9,168 mt in the same quarter of 2025. This sustained performance, especially amid seasonal disruptions, indicates robust operational resilience and positions the company favorably for continued growth.
The recent securing of surface rights for another decade at Aguila Norte, coupled with enhanced financing and maintenance efforts, strengthens the operational foundation. These ongoing upgrades, financed through current cash flows, should enhance output without disrupting throughput, potentially boosting production efficiency and profitability in subsequent periods.
Investors should note the company's strategic move towards expanding its permit coverage to explore new mineral veins. The promising assay results from historical artisanal workings underscore significant copper-gold-silver potential within the vicinity, offering prospects for future resource development. Notably, samples from the newly explored areas have revealed substantial oxide copper mineralization, potentially enriching the plant’s feedstock and driving higher margins.
As Peruvian Metals anticipates consistent production levels throughout the year, there is optimism for a record-year performance in 2026. The ability to process additional high-grade materials from its exploration initiatives could create further upside.
Given the positive production backdrop, expanding resource base, and proactive management approach, Peruvian Metals presents an attractive investment opportunity in the burgeoning mining sector. While market dynamics and operational risks should be vigilantly monitored, the company's current trajectory and strategic plans suggest strong growth potential, meriting attention from both current and prospective investors in the commodities market.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Edmonton, Alberta--(Newsfile Corp. - April 8, 2026) - Peruvian Metals Corp - (TSXV: PER) (OTC Pink: DUVNF) ("Peruvian Metals" or the "Company") announces production results for the first quarter of 2026 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru.
During the first quarter of 2026, the Plant completed several mineral campaigns processing a total of 9,212 metric tonnes (mt). Production in the first quarter was at full capacity and exceeded production levels in the first quarter of 2025 (9,168 mt). The Company is extremely pleased with the record first quarter production at a time when the rainy season in Peru has affected mining operations.
The Company is also pleased to have secured the surface rights over the Plant area for another 10 years as noted in the Company's press release March 3rd, 2026. With the recent closing of the financings in February and March, the Company is now conducting upgrades and maintenance on the equipment ensuring more productive output. These upgrade and maintenance should not affect the throughput and will be conducted over the several months. This work will be paid from the current cash flow generated by Aguila Norte.
The Plant is located on a wholly owned concession covering 120 hectares held by Peruvian's 80% owned subsidiary Minera Aguila de Oro S.A.C ("MADOSAC"). MADOSAC owns two additional contiguous concessions totaling 263 hectares that are not covered by the environmental permit. Several old artisanal workings exist within and outside the permitted area. The Company is planning to establish new permits on the veins/workings located outside the permitted area for mineral extraction.
In 2025, the Company was able to clean out a 20-meter vertical shaft within the main adit located on the mining concession. The Company took one grab sample at the bottom of the shaft that contained abundant sulphides. Assay results from the sample returned 1.487 grams Au/mt, 3.40 ounces Ag/mt and 3.00 % Cu. This sample was also assayed for soluble copper returning 0.24% Cu. More importantly, one old working located 500 metres northeast of the plant and located outside the permitted area showed significant oxide copper mineralization at surface. Four samples taken from this area averaged 3.15% soluble copper and 1.13 grams Au/mt. Samples ranged from 0.02 to 7.90% copper and 0.257 to 2.368 grams Au/mt. These results show that the surface exposed veins at Aguila Norte probably contain copper sulphides at depth which could eventually be processed at the Plant. All samples from this area were processed by Procesmin Ingenieros S.R.L located in Caraz Ancash by Fire Assay for Au-Ag and Atomic Absorption for Cu.
Jeffrey Reeder, Chief Executive Officer of Peruvian Metals, comments: "We are extremely pleased to continue to achieve full capacity production at Aguila Norte. We fully expect that production levels will be maintain at these levels for the remainder of the year and expect a record year in 2026. After the completion of the recent financing the Company plans to explore the possibility of locating at depth mineralized Copper-Gold-Silver sulphides in close proximity to the Plant which would be processed at the Aguila Norte Plant."
The Aguila Norte processing plant has an environmental permit (IGAC) from the Peruvian government that provides the plant with the ability to expand operations past the current 100-tonne-per-day level.
Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. The Company continues to acquire and develop precious and base metal properties in Peru.
ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
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/291610
FAQ**
How does the recent production increase at the Aguila Norte plant reflect on the overall operations strategy of Peruvian Metals Corp DUVNF in response to market conditions, particularly in light of previous rainy seasons affecting mining operations?
What measures are being taken by Peruvian Metals Corp DUVNF to explore and potentially exploit the new copper-gold-silver sulphide mineralization identified near the Aguila Norte plant, and how might this impact future production capacity?
Given the success in securing surface rights for another 10 years, what are the strategic implications for Peruvian Metals Corp DUVNF in terms of long-term operational planning and development of surrounding mineral concessions?
How does the execution of upgrades and maintenance on the Aguila Norte processing plant, funded by current cash flows, contribute to the company's goal of maintaining full production capacity as stated in their recent announcements?
**MWN-AI FAQ is based on asking OpenAI questions about Peruvian Metals Corp. (TSXVC: PER:CC).
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