Peruvian Metals Announces Third Quarter Production at the Aguila Norte Processing Plant and Provides Sampling Update from the Tailings Area

Peruvian Metals Corp. reported that its Aguila Norte plant processed 9,065 metric tonnes of ore in the third quarter of 2026, representing a 4.5% decline from the 9,494 metric tonnes processed in the same period of 2025. The facility has maintained full production capacity for nine of the previous ten quarters. The company remains on track to operate at full capacity in 2026, targeting annual production to match or exceed the 36,616 metric tonnes produced in 2025.

Recent tailings sampling from a dry area yielded 20 samples averaging 2.4 g/t Au and 90 g/t Ag, equivalent to 0.108 oz AuEq/mt at current prices. Metallurgical test work on composite samples indicated 93% gold and 87% silver recovery, with insignificant base metals. Peruvian Metals Corp. plans to expand production in the second quarter of 2027, prioritizing new drying areas for tailings reprocessing. The company expects to produce its first gold-silver concentrates from Palta Dorada in the fourth quarter of 2026.

Peruvian Metals Corp. (PER) released its Q3 2026 production update, which showed a 4.5% year-over-year decline in processing volume. This decrease falls within the normal variance expected for a toll-milling operation that relies on third-party artisanal feed. The company’s plant has maintained full capacity for nine out of the last ten quarters, a metric that confirms operational stability.

Tailings sampling results were described as exploratory. Although metallurgical recoveries are strong, the project still requires permit modifications, drying infrastructure, and capital expenditure before it can generate revenue.

The market has already priced in the Palta Dorada and Mercedes developments through the recent run to $0.30 and subsequent consolidation. This release confirms the status quo without altering the near-term monetization timeline.

Peruvian Metals Corp. operates the Aguila Norte Processing Plant, an 80%-owned, fully permitted polymetallic facility in northern Peru with a current capacity of 100 tpd and permitted capacity up to 350 tpd. The company also holds 100% ownership of the 2,250-hectare Palta Dorada Property, which features high-grade Au-Ag-Cu veins and has commenced underground development. Additionally, Peruvian Metals Corp. holds a 50% interest in the Mercedes Property through San Maurizo Mines Ltd., where a community agreement has been secured and bulk sampling and extraction are underway. The company’s business model relies on a three-pillar approach combining toll milling, proprietary ore processing, and project generation.