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GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7% GOLD 4529.90 −2.9% SILVER 67.79 −3.5% COPPER 6.66 −0.5% OIL 83.40 −0.2% PALLADIUM 1428.60 +5.4% SAE 0.520 +4.0% ZEN 0.770 +0.0% WGLD 0.130 +13.0% AEM 286.76 −3.9% SAG 1.32 −4.3% GSVR 0.475 −5.0% CRI 0.050 −9.1% TMQ 5.04 −4.2% BTO 7.85 −3.0% HBM 40.78 −3.0% EFR 20.38 −6.5% SF 0.365 −4.0% SPX 0.115 +0.0% CQR 0.060 +20.0% IVS 0.310 +5.1% CNC 1.44 −2.7%
Production / Operations

Carlton required to upgrade permit application in Peru

By The Northwire Desk — AI Analysis Dec 01, 2025 · 17:06 CPI · 0.12 Carlton Precious Inc.
CPI · Price

Executive Summary

  • Carlton Precious Inc. has been notified by the Peruvian Ministry of Mines and Energy (MINEM) that its application for an FTA-level drilling permit at the Esquilache silver project must be upgraded to a standard DIA (Declaration de Impacto Ambiental) permit due to historical mine liabilities and rehabilitation requirements.
  • The company expects to submit the DIA application in early 2026, which will delay the commencement of planned drilling operations.
  • Upon approval of the DIA, Carlton plans to execute a 5,000-metre core drilling program designed to advance the project toward a reportable mineral resource estimate.

Key Details

  • Project Location and Ownership: Esquilache silver project, Puno region, Southern Peru; 1,600 hectares; 100% owned royalty-free by Carlton Precious.
  • Historical Context: Formerly developed by Hochschild Mining PLC; historical production (1960s-1970s) exceeded one million tonnes grading 3.4 oz/t Ag, 3.8% Zn, 4.2% Pb, and 0.3 g/t Au.
  • Permitting Status: MINEM rejected the initial FTA-level permit application, requiring an upgrade to a DIA permit due to outstanding surface mine liabilities and rehabilitation work committed to by local authorities.
  • Timeline: DIA application submission expected in early 2026.
  • Future Work Plan: A 5,000-metre core drilling program is planned immediately following DIA approval.
  • Strategic Objective: The drilling aims to estimate a reportable mineral resource and potentially trigger engineering programs and feasibility studies, leveraging recent increases in silver prices.
  • Technical Review: Content reviewed by Steven L. Park, MSc, CPG, a Qualified Person under National Instrument 43-101.
Read the original news release →

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Drill Results Dec 01, 2025 · 07:00

None

Drill Results