Duyuru • Jul 06
Peruvian Metals Corp., Annual General Meeting, Sep 15, 2026 Peruvian Metals Corp., Annual General Meeting, Sep 15, 2026. Duyuru • Apr 17
Peruvian Metals Corp Confirms Gold and Silver Recoveries in Sulphides at Palta Dorada Peruvian Metals Corp. announced updated metallurgical work on sulphide Au-Ag material on its 100% owned Palta Dorada Gold-Silver property located in the Ancash department in Northern Peru. The new independent metallurgical work confirms gold recoveries of 89% and improved silver recoveries to 75%. The new metallurgical work was performed by Certmin S.A., an accredited testing laboratory for 43-101 purposes located in Lima Peru. The Property covers an area of approximately 2,250 hectares. It is accessible from Peruvian Metals' Aguila Norte processing plant by approximately 120 kilometres of mainly paved roadway. The Company will be able to extract both oxide and sulphide material. Oxide material will be initially sold to local toll mills capable of treating oxide material, whereas sulphide material will be shipped to the Plant for processing. The head grade of the new metallurgical sample assayed 11.10 grams Au/mt and 4.67 ounces Ag/mt. Precious metal recoveries on this sulphide material using flotation methods confirmed the 89% level for gold but improved on the silver recovery to 75%. Previously announced head grade of the sample from previous metallurgical work returned 8.30 grams Au/mt and 3.39 ounces Ag/mt and recoveries returned 89% for gold and 61% for silver. The material taken for this new metallurgical test was a composite over one metre located below the oxide and sulphide transition. The previous metallurgical work and precious metals recoveries were reported in the Company's news release dated January 21st, 2026. The new metallurgical work was performed by Certmin's Chief Metallurgist, Ing. Luis Loaiza. Assaying for the new tests was done in house at Certmin S.A. The Company is currently improving the access to the Property and upgrading the camp conditions to house more personnel. The Company is planning to drive two access tunnels in order to access both the oxide and sulphide material for bulk material extraction. Initial work will concentrate on expanding the short existing twenty metre access tunnel to 3-metres in height and 2.5 metres in width. This will enable the crews to better access oxide material above the oxide-sulphide transition zone. This short tunnel was the access to a 53-metre shaft where the previous and new metallurgical work was conducted. The head grade of a previously reported metallurgical test from the oxide material taken in the short adit above the shaft returned 35.1 grams Au/mt and 1.51 ounces Ag/mt. The sample taken was a composite over ½ metre width. Agitated cyanide leaching results show recoveries of 82% for gold and 58% for silver over 48 hours. Thirty-one tonnes of gold bearing oxide material assaying 9.74 grams Au/mt was taken from this area in June 2022 and sold to the Chala One toll mill located in Chala Peru. The price of gold used for the sale was $1852 with gold recoveries of 90%. Metallurgical work on the oxide material was processed and analyzed by fire assay at Auro Met Labs located in Trujillo. Auro Met Labs is used by many of the miners and toll mills in the area. A second but longer access tunnel/crosscut will be placed to intersect the sulphide material from the main San Juan vein. This crosscut will be located at an elevation below oxide-sulphide transition zone in order to access the Au-Ag sulphide zone. Material from this working will be shipped to the Company's Aguila Norte Plant for processing. New Risk • Apr 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). High level of non-cash earnings (164% accrual ratio). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (CA$3.1m revenue, or US$2.2m). Market cap is less than US$100m (CA$26.9m market cap, or US$19.5m). New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). High level of non-cash earnings (164% accrual ratio). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (CA$3.1m revenue, or US$2.2m). Market cap is less than US$100m (CA$26.2m market cap, or US$18.9m). Duyuru • Apr 01
Peruvian Metals Corp. announced that it has received CAD 0.9 million in funding On March 31, 2026, Peruvian Metals Corp. closed the transaction. The company issued 800,000
units at an issue price of CAD 0.15 per Unit, for aggregate gross proceeds of CAD 120,000 in its second tranche. Combined with the previous closing, the Company issued an aggregate of 6,000,000 Units for gross proceeds of CAD 900,000. In connection with the Offering, the Company paid finders fees of an aggregate of CAD 24,399 in cash and issued an aggregate of 162,659 finders warrants (the "Finders Warrants") of the Company to certain arm's length finders. The Finders Warrants were issued with the same terms of the Warrants. A l the securities issued will be subject to resale restrictions until July 26, 2026 for the first tranche closing and July 31, 2026 for the second tranche closing. The net proceeds of the Offering will be used to make improvements and additions for expansion to its Aguila Norte processing plant, for potential new acquisitions, and for general working capital requirements. The completion of the Offering, including all issuances of Units, remains subject to certain regulatory approvals, including the approval of the TSX Venture Exchange. Duyuru • Mar 27
Peruvian Metals Corp. announced that it has received CAD 0.78 million in funding On March 26, 2026, Peruvian Metals Corp closed the transaction. In connection with the Offering, the Company paid finders fees of an aggregate of CAD 15,999 in cash and issued an aggregate of 106,659 finders warrants. Insiders of the Company have subscribed for and acquired an aggregate of 81,300 Units. Transaction is subject to regulatory and stock exchange approval. Duyuru • Mar 12
Peruvian Metals Corp. announced that it expects to receive CAD 0.75 million in funding Peruvian Metals Corp. announced a non-brokered private placement to issue 5,000,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 750,000 on March 12, 2026. Each unit consists of one common share and one-half non-transferable share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at a price of CAD 0.20 per common share for a period of two years following the closing date. The warrants will be subject to an acceleration clause; in the case that market price for the Company's common shares is equal to or greater than CAD 0.40 per share for a period of five consecutive trading days at any point during the term of the warrants. The common shares, warrants, and any shares issued on the exercise of warrants will be subject to a hold period expiring four months and one day following the date of issue. Completion of the private placement is subject to final approval of the TSX Venture Exchange. Reported Earnings • Mar 05
Third quarter 2026 earnings released: EPS: CA$0.015 (vs CA$0 in 3Q 2025) Third quarter 2026 results: EPS: CA$0.015 (up from CA$0 in 3Q 2025). Revenue: CA$713.1k (down 7.4% from 3Q 2025). Net income: CA$1.87m (up CA$1.88m from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 01
Chairman recently bought CA$59k worth of stock On the 26th of February, Jeffrey Reeder bought around 585k shares on-market at roughly CA$0.10 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of CA$87k worth in shares. Duyuru • Feb 26
Peruvian Metals Corp. announced that it has received CAD 1 million in funding On February 25, 2026, Peruvian Metals Corp. closed the transaction. In connection with the offering, the company paid finders fees of an aggregate of CAD 39,690 in cash and issued an aggregate of 396,900 finders warrants of the company to certain arm's length finders. The finder’s warrants were issued with the same terms of the warrants. All the securities issued will be subject to resale restrictions until June 26, 2026. Insiders of the Company have subscribed for and acquired an aggregate of 1,205,000 Units in the Financing. Duyuru • Jan 23
Peruvian Metals Corp. Provides an Update on the Progress Made by the Company in 2025 and Its Plans for Exploration and Development for 2026 on the Mercedes Silver-Gold Property Peruvian Metals Corp. provided an update on the progress made by the Company in 2025 and its plans for exploration and development for 2026 on the Mercedes Silver-Gold property. The Company is also pleased to announce it has completed its obligations to acquire a 50% interest in San Maurizo Mines Ltd. ("San Maurizo"), a private Manitoba company, which holds a 100% direct interest in the Property via its wholly owned Peruvian subsidiary, Basic Minerals SAC. The new metallurgical results show that high silver (Ag) recoveries and gold (Au) recoveries are achievable. The new venture will be jointly developed with Hudson Heartland Ltd. (50% partner) and development and exploration costs will be equally shared. The Mercedes property is located in the Junin Department in central Peru and covers an area of approximately 1,345 hectares. Mercedes is accessible from the town of Concepion located on the central highway by approximately 40 kilometres of a well-maintained gravel road. Peruvian Metals team has assisted San Maurizo's Peruvian subsidiary in the permitting by submitting the documentation needed for bulk sampling extraction. Mercedes has extensive historical underground workings with horizontal drifts and shafts totaling approximately 900 metres. Previous operators from the early 1980's focused on three main structures called Victor I and II veins and the Kelly vein. Once the weather improves, the Company will start the development of a 225-meter 2.5 X 3.0 meter crosscut to intersect the Kelly, Victor I and Victor II veins. This adit is designed to provide access to multiple mineralized faces and establishing underground drill sites. Mineral material will be processed at a local toll mill 12 kilometres from the Project. The Project is subject to a 20% Net Profit Interest ("NPI") and will be eliminated once USD 4 million is paid to the holder of this NPI. Mercedes will continue to be managed by Eric Hinton P.Eng and Jeff Reeder P.Geo. Mr. Hinton is the sole shareholder of Hudson Heartland Ltd. and is a member of the Professional Engineers of Ontario, Association of Professional Engineers and Geoscientists of the Province of Manitoba and a Fellow of the Canadian Institute of Mining and Metallurgy and is a designated Qualified Person as defined by NI 43-101 guidelines. Mr. Hinton has over 35 years of underground and open pit mining experience in Canada, the United States, Ghana and Zimbabwe. Peruvian Metals will continue to be involved in the project by providing administrative, accounting, permitting and geological services. The metallurgical work was performed by Ing. Jose Orlando Moncada Rejas who is the main metallurgist at the Aguila Norte Plant owned by the Company. Assaying of the material was performed by Procesmin Ingenieros SRL located in Caraz Ancash by fire assay for Au-Ag. Duyuru • Jan 22
Peruvian Metals Corp. Announces Updated Metallurgical Results on Both Oxide and Sulphide Au-Ag Material on Its 100% Owned Palta Dorada Gold-Silver Property Located in the Ancash Department in Northern Peru Peruvian Metals Corp. announced updated metallurgical results on both oxide and sulphide Au-Ag material on its 100% owned Palta Dorada Gold-Silver property located in the Ancash department in Northern Peru. New metallurgical work on gold recoveries in both the oxide and sulphide material shows recoveries exceeding 80%. The new metallurgical work was conducted on the main San Juan vein where a rehabilitated historic 53-metre-deep shaft ("shaft") provided good exposure to both the sulphides and oxides on this main mineralized structure. The Property covers an area of approximately 2,250 hectares. It is accessible from Peruvian Metals Aguila Norte processing plant ("Aguila Norte" or the "Plant") by approximately 120 kilometres of mainly paved roadway. Sulphide material will be treated at the Plant whereas oxide gold material will be initially sold to local toll mills. The new updated metallurgical results on the sulphide material taken in the shaft show positive recoveries. The head grade of the new metallurgical sample assayed 8.30 grams Au/mt and 3.39 ounces Ag/mt. Precious metal recoveries on the sulphide material using flotation returned 89% for gold and 61% for silver. The metallurgical sample was taken as a composite over 1 metre located 10 metres below the oxide and sulphide transition. Previously announced assay results on seven chip samples taken at various depths in the shaft from the quartz vein containing sulphides returned a weighted average of 10.51 grams Au/mt, 329 grams Ag/mt and 1.74% Cu. Assay results from these samples range from 3.06 to 24.1 grams Au/mt, 36 to 865 grams Ag/mt and 0.31% Cu to 4.94% Cu over an average width of 0.60 metres. The metallurgical work was performed by Ing. Jose Orlando Moncada Rejas who is the main metallurgist at the Aguila Norte Plant. Assaying was performed by Procesmin Ingenieros SRL located in Caraz Ancash by fire assay for Au-Ag. The head grade from the oxide material taken in the shaft above the sulphide mineralization returned 35.1 grams Au/mt and 1.51 ounces Ag/mt. The sample taken was a composite over 1/2 metre width. Agitated cyanide leaching results show recoveries of 82% for gold and 58% for silver over 48 hours. Thirty-one tonnes of gold bearing oxide material assaying 9.74 grams Au/mt was taken from this area in June 2022 and sold to the Chala One toll mill located in Chala Peru. The price of gold used for the sale was $1852 US with gold recoveries of 90%. Previously announced metallurgical work on oxide gold material taken from artisanal workings on a second mineralized structure north of the shaft returned positive results. The provisional permits allowthe Company to extract large bulk samples of both the oxide and sulphide materials. In the short term, oxide material will be sold to local mills. The company have successfully sold gold oxide material from Palta Dorada in 2022.ulphide material will be transported to Aguila Norte mill for processing where will be able to produce an Au-Ag concentrate for sale. The company will continue to review additional gold opportunities in Northern Peru by moving into the Peruvian gold space which is bolstered by the progress at Palta Dorada. The oxide gold material, along with similar oxide mineral at Aguila Norte site, will be one of many catalysts and sources of material for a potential CIP circuit," commented Jeffrey Reeder, C.E.O. of the Company. Duyuru • Jan 08
Peruvian Metals Corp. Announces Production Results for 2025 At Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. announced production results for 2025 at its 80-per-cent-owned Aguila Norte processing plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Company is also pleased to provide a summary of its core and non-core projects which shows the Company has a significant exposure to Gold and Silver in Peru. During 2025, the Plant processed a yearly record of 36,616 tonnes of third-party mineral. Compared with 33,889 in 2024, 30,199 tonnes in 2023 and 29,667 tonnes in 2022, production has increased five straight years. The 2025 production represents an increase of 8 % compared to 2024. The Plant was at full capacity during 2025. Plant expansion plans are currently being considered. The Company is currently planning its 2026 development and exploration programs for its 100% owned properties. The 2026 development programs will also include the Company's Mercedes Property in which the Company has a 50% indirect interest. Development costs will be equally shared with its partner, Hudson Heartland. Permitting is well advanced at both Palta Dorada and Mercedes allowing for extraction of mineral for processing. The Company is also encouraged by the gold oxide mineral on both the Palta Dorada Au-Ag-Cu site, and at the Aguila Norte Plant site. Oxide material will be sold to local toll mills for immediate payment while the Company plans to design a future Carbon in Pulp ("CIP") Plant. The Company is currently conducting metallurgical studies at both Palta DorADA and Mercedes and will provide results once available. Pulphide mineral from Palta Dorada will be processed at the Aguila Norte plant whereas mineral from Mercedes will be processed at a third-party mill located 12 km's from the property site. The Company will start to review the Au-Ag-Cu veins located in and around the Aguila Norte Plant in early 2026. The Company received 54 tonnes ("mt") of oxide gold material grading 5.31 oz Au/mt as a royalty from a small miner during 2025. The mineral was extracted from old workings located on the Company's concession. The Company successfully sold this mineral, showing potential profitability. Development plans are currently underway which include portal locations, metallurgical work and topographic control. Non-core properties of interest include the 100% owned Minas Vizca and the Yanayco properties located in Northern Peru. Both properties have significant silver and gold values. Minas Vizca was acquired in 2021 by application with the mining public registry. Assays from ten samples taken from old stockpiles in four different areas ranged from 0.06 to 1.24 grams Au/mt, 0.71 to 47.82 oz Ag/mt, 0.34% to 9.25% Pb and 0.13% to 4.93% Zn averaging 0.49 grams Au/mt, 12.93 oz Ag/mt, 2.62% Pb and 1.68% Zn. The Company believes Yanayco has the potential to be an underground high-grade operation similar to PPX Mining's Igor project in northern Peru. Sampling in the old working returned up to 7.33 grams Au/mt and 30.9 ounces Ag/mt in individual samples. In total, 36 random grab samples were taken underground and averaged 0.73 grams Au/mt and 1.95 ounces Ag/mt. It is apparent that the Au-Ag grade depends on the brecciation intensity. The old mine dumps returned anomalous results from grab samples ranging from 4 grams Au/mt and 12.58 ounces Ag/mt. In total, 14 samples were collected from the old mine dumps and averaged 0.81 grams Au/mt and 4.41 ounces Ag/mt. In December 2025, Peruvian Metals received 3,999 shares of Rio Silver Inc. ("Rio Silver") for the sale of Minas Maria Property. Rio Silver closed at 50 cents on December 31st. Reported Earnings • Dec 02
Second quarter 2026 earnings released: EPS: CA$0.002 (vs CA$0.002 loss in 2Q 2025) Second quarter 2026 results: EPS: CA$0.002 (up from CA$0.002 loss in 2Q 2025). Revenue: CA$785.7k (down 5.7% from 2Q 2025). Net income: CA$209.7k (up CA$440.9k from 2Q 2025). Profit margin: 27% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0.003 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0 (improved from CA$0.003 loss in 1Q 2025). Revenue: CA$808.7k (up 15% from 1Q 2025). Net income: CA$8.4k (up CA$288.2k from 1Q 2025). Profit margin: 1.0% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Full year 2025 earnings released: CA$0.005 loss per share (vs CA$0.002 loss in FY 2024) Full year 2025 results: CA$0.005 loss per share (further deteriorated from CA$0.002 loss in FY 2024). Revenue: CA$3.10m (up 30% from FY 2024). Net loss: CA$563.8k (loss widened 212% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (improved from CA$0.002 loss in 3Q 2024). Revenue: CA$769.8k (up 3.2% from 3Q 2024). Net loss: CA$6.4k (loss narrowed 97% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Duyuru • Jan 21
Peruvian Metals Corp., Annual General Meeting, Mar 27, 2025 Peruvian Metals Corp., Annual General Meeting, Mar 27, 2025. Reported Earnings • Dec 01
Second quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 2Q 2024) Second quarter 2025 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in 2Q 2024). Revenue: CA$833.2k (up 37% from 2Q 2024). Net loss: CA$231.3k (loss widened 121% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Duyuru • Oct 02
Peruvian Metals Corp. announced that it has received CAD 0.4 million in funding On October 1, 2024. Peruvian Metals Corp. has closed the transaction. New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (28% average weekly change). Market cap is less than US$10m (CA$2.12m market cap, or US$1.56m). Minor Risk Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Reported Earnings • Sep 08
Full year 2024 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in FY 2023) Full year 2024 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in FY 2023). Revenue: CA$2.38m (up 2.2% from FY 2023). Net loss: CA$180.8k (loss widened 127% from FY 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Duyuru • Jul 09
Peruvian Metals Corp. announced that it has received CAD 0.5501 million in funding On July, 8, 2024, Peruvian Metals Corp. closed the transaction. The company has issued 3,929,286 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 275,050.02 in its third and final tranche closing. The company has now issued total 7,858,572 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 550,100.04 in the transaction. The company has paid finders fees of CAD 3,000 in cash paid in accordance with the policies of the Exchange. Certain insiders acquired an aggregate of 279,286 units in the Financing. Duyuru • Apr 24
Peruvian Metals Corp. announced that it expects to receive CAD 0.56 million in funding Peruvian Metals Corp announced non-brokered private placement of up to 8,000,000 units at CAD 0.07 per Unit for a gross proceeds CAD 560,000 on April 23, 2024 .Each Unit consists of one common share of the Company, and one-half non-transferable share purchase warrant of the Company. Each Warrant will be exercisable to acquire one additional common share for two years from the closing date of the Offering at a price of CAD 0.10 per share, subject to certain acceleration provisions. The transaction is subject to certain regulatory approvals, including the approval of the TSX Venture Exchange. All the securities issued will be subject to resale restrictions until August 24, 2024.
On same date, the company announced it has issued 3,214,286 Units at CAD 0.07 per Unit for a gross proceeds CAD 225,000.02 in its first tranche. New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$7.16m market cap, or US$5.18m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Revenue is less than US$5m (CA$2.5m revenue, or US$1.8m). Duyuru • Apr 12
Peruvian Metals Corp. (TSXV:PER) completed the acquisition of 50% stake in San Maurizo Mines Inc. from Hudson Heartland Ltd. Peruvian Metals Corp. (TSXV:PER) entered into definitive agreement to acquire a 50% stake in San Maurizo Mines Inc. from Hudson Heartland Ltd. for CAD 0.16 million on February 28, 2024. Peruvian Metals is set to acquire a 50% ownership stake in San Maurizo through the issuance of 2.5 million common shares to Hudson. The completion of the Transaction, including the issuance of common shares to Hudson, remains subject to certain regulatory approvals, including the approval of the TSX Venture Exchange.
Peruvian Metals Corp. (TSXV:PER) completed the acquisition of 50% stake in San Maurizo Mines Inc. from Hudson Heartland Ltd. on April 11, 2024. Reported Earnings • Mar 05
Full year 2023 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in FY 2022) Full year 2023 results: CA$0.003 loss per share (in line with FY 2022). Revenue: CA$2.49m (up 6.3% from FY 2022). Net loss: CA$313.4k (loss narrowed 5.5% from FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Jan 16
Peruvian Metals Corp. (TSXV:PER) acquired remaining 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO). Peruvian Metals Corp. (TSXV:PER) acquired remaining 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO) for $0.25 million on January 15, 2024. As per the terms of agreement, An initial payment of $25,000 has been received and four monthly payments due of $25,000 with a final $125,000 payment being received in June, 2024.
Peruvian Metals Corp. (TSXV:PER) completed the acquisition of remaining 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO) on January 15, 2024. Duyuru • Jan 12
Peruvian Metals Corp. Announces Production Results for 2023 At Its 80%-Owned Aguila Norte Processing Plant (‘Aguila Norte’ or the ‘Plant’) Located in Northern Peru Peruvian Metals Corp. announced production results for 2023 at its 80%-owned Aguila Norte processing plant (‘Aguila Norte’ or the ‘Plant’) located in Northern Peru. During 2023, the Plant processed a yearly record of 30,199 tonnes of wholly owned and third-party mineral compared with 29,667 tonnes in 2022 and 28,654 tonnes in 2021. This represents a progressive increase year over year at Aguila Norte. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2022) Third quarter 2023 results: CA$0.001 loss per share (improved from CA$0.002 loss in 3Q 2022). Revenue: CA$609.6k (up 5.6% from 3Q 2022). Net loss: CA$104.8k (loss narrowed 41% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Duyuru • Oct 19
Peruvian Metals Corp. Provides Update Regarding the Mineral Processing at its 80% Owned Fully Permitted Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. provided 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 third quarter of 2023, the Plant processed 7,789 tonnes compared to 6,871 tonnes processed in the same quarter in 2022 resulting in an increase of 13%. The cumulative total for 2023 is 21,556 tonnes. The 2023 year-to-date production represents a very slight decrease of less than 1% compared to the same period for 2022. Production during the months of April and May was lower compared to the previous months due to poor weather conditions in Northern Peru. The Company expects a strong fourth quarter for 2023 with year end results comparable to 29,667 tonnes and 28,654 tonnes for 2022 and 2021 promptly. 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. Reported Earnings • Sep 01
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.004 in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (down from CA$0.004 in 2Q 2022). Revenue: CA$610.0k (up 3.8% from 2Q 2022). Net income: CA$18.0k (down 96% from 2Q 2022). Profit margin: 3.0% (down from 71% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Jul 01
Peruvian Metals Corp., Annual General Meeting, Aug 23, 2023 Peruvian Metals Corp., Annual General Meeting, Aug 23, 2023. Board Change • Jun 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Steve Brunelle was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jan 10
Peruvian Metals Corp. Provides an Update on Its Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. provided an update on its 80% owned fully permitted Aguila Norte processing plant located in northern Peru. During 2022, the Plant processed 29,667 tonnes of wholly owned mineral and third-party mineral, compared with 28,654 tonnes in 2021 and 13,485 tonnes in 2020. This represents an increase of 3.5% compared to 2021. During 2022, the Plant produced high-grade quality concentrates for the Company and third parties in 45 mineral campaigns or batches. The Plant continued to achieve excellent recoveries by producing 4,640 tonnes of highly marketable zinc concentrate, 1,716 tonnes of lead-silver concentrate, and 914 tonnes of copper concentrate. Concentrate ratios (amount of mineral processed to tonnes of concentrates produced) in 2022 averaged 4.08 to 1. Reported Earnings • Dec 02
Third quarter 2022 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 3Q 2021) Third quarter 2022 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in 3Q 2021). Revenue: CA$577.4k (down 5.1% from 3Q 2021). Net loss: CA$177.6k (loss widened 110% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Steve Brunelle was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Oct 12
Peruvian Metals Corp. Provides an Update on Aguila Norte Processing Plant Peruvian Metals Corp. provided 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 third quarter of 2022, the Plant processed 6,871 tonnes for an accumulative total for 2022 of 21,757 tonnes. The 2022 year-to-date production represents an increase of 10% compared to the same period for 2021. Production during the month of September was lower compared to the previous months due to scheduled maintenance and replacing several key components of the mill. The Plant is now fully operational and processing material and production for the fourth quarter is expected to exceed previous quarters. The Aguila Norte processing plant has an environmental permit ("GAC) from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. 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. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: CA$0.004 (vs CA$0.003 loss in 2Q 2021) Second quarter 2022 results: EPS: CA$0.004 (up from CA$0.003 loss in 2Q 2021). Revenue: CA$587.4k (up 32% from 2Q 2021). Net income: CA$419.7k (up CA$741.3k from 2Q 2021). Profit margin: 71% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 14
Peruvian Metals Corp. Provides Update on Mineral Processing at its 80% Owned Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. provided an update on mineral processing at its 80% owned Aguila Norte Processing Plant located in Northern Peru. During the months of April and May 2022, the Plant completed five mineral campaigns processing a total of 4,942 metric tonnes (mt) for a yearly cumulative total of 12,514 tonnes and set a new record. This year's total production level for the first five months exceeds 2021 (9,998 mt) by more than 25%. More importantly, the Company also achieved a significant milestone in May with the processing of purchased material. Processing during the month of May included a 313 mt batch of copper material purchased by the Company, grading 3.65 % Cu and 0.80 oz/t Ag. This resulted in the Company generating and delivering 58.82 mt of concentrate to Trading Partners Peru S.A.C. located in El Callao Lima Peru. Assaying by the trader returned results for the concentrate of 17.23 % Cu, 116 g/mt Ag and 3.56 g/mt Au. The Company will continue to purchase this copper material and expects to improve its recovery and overall grade of the concentrate. In addition, Peruvian Metals announced it recently processed a 339 mt batch of polymetallic material, which was also purchased by the Company. Assaying by the Company returned an average head grade of 11.5 oz/t Ag, 2.79% Pb and 9.61% Zn. The processing generated two concentrates resulting in 23 mt of a Lead-Silver concentrate grading 127 oz/t Ag, 34% Pb and 14% Zn and a second Zinc concentrate grading 44% Zn and 11 oz/mt Ag. Both concentrates are expected to be shipped shortly to the El Callao Port facility as the Company negotiates with metals traders for their final sales. It is important to note that the final sale price for the concentrates will depend on assay results provided by the metal trader. The Company is currently purchasing additional material from the same miners and will process the material once an excess of 300 mt has been accumulated. The Company has also shipped and sold 31 mt of oxide gold material from it's 50% owned Palta Dorada Au-Ag-Cu property to Inca One's Kori One processing plant located in Southern Peru. The average grade of the material was 8.8 g/t Au and 74 g/t Ag. The Company is continuing to open up the old workings to access the sulphide Cu-Au-Ag material for the collection of a bulk sample to process at the Company's Aguila Norte Plant. The Company will continue to ship and sell the oxide gold material to third party toll mills designed to treat this type of oxide material. The Aguila Norte processing plant 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. Reported Earnings • May 10
Full year 2021 earnings released: CA$0.011 loss per share (vs CA$0.005 profit in FY 2020) Full year 2021 results: CA$0.011 loss per share (down from CA$0.005 profit in FY 2020). Revenue: CA$2.14m (up 100% from FY 2020). Net loss: CA$1.06m (down 338% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Steve Brunelle was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 13
Peruvian Metals Corp. Provides an Update on Mineral Processing At Its 80% Owned Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. provided an update on mineral processing at its 80% owned Aguila Norte Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru. During the first quarter of 2022 the Plant completed several mineral campaigns processing a total of 7,875 metric tonnes (mt). This year's first quarter production exceeded production levels in the first quarter of 2021 (5,934 mt) by more than 32%. 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 completion of additional concentrate drying areas in 2021 allowed for more material to be processed. Due to the improving weather conditions and with the expanded drying capacity, the Company anticipates production levels will improve, resulting in increased revenue over the remainder of 2022. The Company is also pleased to announce that it has started to purchase mineral from miners and this mineral is expected to be processed shortly. Board Change • Dec 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Steve Brunelle was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.001 loss per share (vs CA$0.001 loss in 3Q 2020). Revenue: CA$608.1k (up 85% from 3Q 2020). Net loss: CA$84.5k (loss narrowed 33% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 68% per year. Duyuru • Sep 29
Peruvian Metals Corp. Provides an Update Regarding the Exploration and Development of the Palta Dorada Au-Ag-Cu Project in Northern Peru Peruvian Metals Corp. provided an update regarding the exploration and development of the Palta Dorada Au-Ag-Cu project in Northern Peru. The Company has earned a 50% interest from Rio Silver Inc. ("Rio Silver") in the second quarter of 2021 by completing it's earn-in requirement of investing $250,000 into the project. Recent sampling from the main structure returned very good results including one sample of 1090 g/t Au and 643 g/t over 0.40 metres. Current development is focused on the "Main Structure" now called the "The San Juan Vein" exposed both in underground workings and outcrops over an 800-metre strike length. High grade mineralization occurs in quartz veins hosted in granodioritic rocks. The initial work consists of the development of the main access tunnel located 876 metres above sea level. This main access drift ("876 m level") is currently at 70 metres and in oxides and is projected to be in the higher-grade sulphide material soon. Mineralized oxide material extracted from the tunnel is being stockpiled for future sale. Samples taken from the stockpiles averaged 5.05 g/t Au and 60.33 g/t Ag. Artisanal workings expose portions of the San Juan vein including a 53-metre deep shaft where seven chip samples were taken at various depths from a quartz vein containing sulphides. Previously reported
assay results from these samples range from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.31% Cu to 4.94% Cu over an average width of 0.60 meters. The weighted average of the assay results is 10.51 g/t Au, 329 g/t Ag and 1.74% Cu. Four recent samples taken from quartz veins in the oxide zone above and near the shaft returned values between 11.20 and 1090 g/t Au and 21 and 642 g/t Ag averaging a width of 0.43 metres. Sample PD-09 which assayed 1090 g/t Au or 35.68 oz/t Au and 20.35 oz/t Ag is noted to have coarse gold. Samples were taken between the 930 to 935 m levels. Two samples taken from the San Juan vein (931 m level) located between the main access tunnel and the shaft averaged 11.25 g/t Au and 3.01 oz/t Ag. Approximately 90 metres of advancement on the main access level is required to reach the downdip projection of these veins. The Company continues to advance the underground development towards obtaining a bulk sample of the high-grade Au-Ag-Cu material. The main drift is expected to intersect sulphide mineral soon. The extracted mineral from the property will be processed at the company's 80% owned fully permitted
Aguila Norte processing plant located in Northern Peru. The oxide gold material extracted from the workings will be sold to a CIL/CIP plant once sufficient material has been accumulated. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CA$443.7k (up CA$425.8k from 2Q 2020). Net loss: CA$321.7k (loss widened 142% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 14
Peruvian Metals Corp. Provides Production Guidance for the Remainder of 2021 and Full Year 2021 Peruvian Metals Corp. provided production guidance for the remainder of 2021 and full year 2021. The company anticipates a further increase in production during the remainder of 2021 and expects to report a record year of production. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.001 loss per share (vs CA$0.009 profit in 1Q 2020) The company reported a decent first quarter result with improved revenues, although earnings and control over costs were weaker. First quarter 2021 results: Revenue: CA$439.1k (up 173% from 1Q 2020). Net loss: CA$112.6k (down 114% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 04
Full year 2020 earnings released: EPS CA$0.005 (vs CA$0.016 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CA$1.07m (down 33% from FY 2019). Net income: CA$444.5k (up CA$1.73m from FY 2019). Profit margin: 41% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 08
Peruvian Metals Corp. (TSXV:PER) acquired 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO). Peruvian Metals Corp. (TSXV:PER) acquired 50% stake in Palta Dorada, Gold-Silver-Copper project in Northern Peru from Rio Silver Inc. (TSXV:RYO) recently. Duyuru • Dec 04
Peruvian Metals Corp. Provides Update on Mineral Processing During October and November At the Aguila Norte Processing Plant in Northern Peru Peruvian Metals Corp. provided 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 months of October and November, Peruvian Metals processed 4,692 metric tonnes (mt) of third party mineral. The Company pleased to note that the Plant has already exceeded 2019 total fourth quarter production of 4,496 mt. The company expects to continue processing during December will continue to accept mineral deliveries during the holidays. The Aguila Norte processing plant has an environmental permit (IGAC) from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 tonnes per day level. Duyuru • Oct 18
Peruvian Metals Corp. Provides Production Update from Northern Peru Called Cerro La Cumbre Peruvian Metals Corp. announced that the Company has assembled a number of contiguous prospective mineral concessions hosting the potential for a high grade silver-gold resource in Northern Peru called "Cerro La Cumbre" ("The Property"). Historic underground development on this new property exposed a high grade silver-gold vein returning values up to 1,535 g/t Ag and 5.13 g/t Au. The Property is located about 3 hours by truck or approximately 90 kilometres by a combination of highway and dirt road from Peruvian Metals' 80% owned Aguila Norte Processing Plant (the "Plant"). The Property is located within the Tertiary aged Calipuy volcanic complex. This volcanic unit hosts several prolific gold producers in Northern Peru including Newmont's Yanacocha and Barrick's Laguna Norte and Pierina mines. The precious metal mineralization occurs in a series of quartz veins which are considered to be of low sulphidation type. The nearby historic Machacala Au-Ag and the Salpo Mines are also considered to below sulphidation epithermal deposits. Three other notable low sulphidation Au-Ag systems hosted within Northern Peru's Calipuy volcanic complex are the 2.6 million Au ounces Tres Cruces deposit owned by Barrick and New Oroperu Resources, the privately owned Urumalqui Ag-Au deposit and SSR Mining's high grade Au-Ag San Luis deposit. The Property is comprised of three concessions covering an area of 1,027 hectares. The main concession where the underground workings are located is subject to a purchase option agreement requiring the Company to pay USD 200,000 over 6 months, with no royalties payable to the previous owner. The Company had a lease to extract mineral on this concession in 2018 but allowed the lease to expire. Due to new circumstances and the recent increase in the prices of silver and gold, the Company will re-acquire this concession under more favourable terms. The underground development on the property consists of both shafts and drifts exposing a well-defined N-S trending structure showing typical low sulphidation type Ag-Au mineralization. Geological observation and interpretation suggest that the adits and shafts were driven into the higher level of a low sulphidation system. The bladed textures observed in the adits are now filled with quartz suggesting the "High Grade Precious Metal Intervals" are below the workings. The main Ag-Au mineralized structure outcrops on a large silicified mound and is observed to have a strike length of at least 700 metres. Eight samples were taken by the Company from the quartz vein exposed in the underground workings with an average width of 0.70 metres. Gold assays range from 0.99 g/t Au to 5.13 g/t Au averaging 2.24 g/t Au and silver assays range from 90 g/t Ag to 1,535 g/t Ag with an average of 326 g/t Ag or a silver equivalent of 16 oz/t Ag using a 77:1 gold to silver ratio. Historic sampling reports ten non-systematic samples were taken in 2003 at various mined underground sites with vein widths ranging between 0.30 and 0.80 meters. Gold results reported in the report range between 4.16 g/t Au to 16.78 g/t Au averaging 8.8 g/t Au over a weighted average width of 0.66 meters. Silver results over the same average width range between 111g/t Ag to 1,038 g/t Ag averaging 412 g/t Ag or a silver equivalent of 35 oz/t Ag. Please take caution as these results are historical in nature and should not be relied upon. Peruvian Metals plans to conduct property wide exploration consisting of soil and rock sampling with geological mapping followed by a geophysical survey. Underground workings will be extended for the extraction of mineralized material for bulk samples and subsequent metallurgical testing. The Company will also plan a diamond drilling program in 2021 consisting of both surface and underground programs. Duyuru • Oct 03
Peruvian Metals Corp. Announces Third Quarter Throughput at Aguila Norte Processing Plant Peruvian Metals Corp. provided an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant located in Northern Peru. During the third quarter of 2020, Peruvian Metals processed 4,240 metric tonnes ("mt") and as of September 30th stockpiled a further 699 mt at Aguila Norte. The Company is very pleased to have exceeded production levels compared to Third Quarter 2019 production of 4,187 mt. Despite being shut down for almost five months due to COVID restrictions, mineral processing at the Plant started July 28th after establishing all health protocols required by the Peruvian Government. The Aguila Norte processing plant has an environmental permit from the Peruvian government which provides the Plant with the ability to expand operations past the current 100 tonnes per day level. 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. Duyuru • Sep 02
Peruvian Metals Corp. Restarts Mineral Processing At Aguila Norte Processing Plant Located in Northern Peru Peruvian Metals Corp. announced an update regarding the mineral processing at its 80% owned fully permitted Aguila Norte Processing Plant located in Northern Peru. The company successfully restarted mineral processing during late July following a four-month shutdown due to COVID-19. Duyuru • Aug 19
Peruvian Metals Corp. announced that it expects to receive CAD 0.25 million in funding Peruvian Metals Corp. (TSXV:PER) announced a non-brokered private placement of 5,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 250,000 on August 18, 2020. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of 2 years from the date of closing. The securities issued are subject to a hold period of four months from the date of issuance. The transaction is subject to TSX Venture Exchange approval.