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M&A / Property

Peruvian Metals closes sale of Maria Norte project

By The Northwire Desk — AI Analysis Dec 15, 2025 · 19:36 PER · 0.05 Peruvian Metals Corp.
PER · Price

Executive Summary

  • Peruvian Metals Corp. has closed the sale of 100% of Mamanina Exploraciones S.A.C., the subsidiary holding the Maria Norte project in Peru, to Rio Silver Inc.
  • The transaction consideration consists of 3,999,999 common shares of Peruvian Metals (representing 9.27% of its share capital) plus $250,000 USD in cash payments.
  • Peruvian Metals retains significant operational assets, including the Aguila Norte processing plant and exploration projects (Palta Dorada, Yanayco, Minas Vizca), while gaining a substantial equity stake in Rio Silver.

Key Details

  • Transaction Structure: Sale of 100% of issued and outstanding common shares of Mamanina Exploraciones S.A.C. (Peruvian corporation).
  • Target Asset: Maria Norte project, located in Peru.
  • Counterparty: Rio Silver Inc.
  • Equity Consideration: Rio Silver issued 3,999,999 common shares of Peruvian Metals to Peruvian Metals.
  • Equity Stake: The shares represent 9.27% of Peruvian Metals' issued and outstanding share capital.
  • Cash Consideration: Aggregate of $250,000 USD.
  • Payment Terms: Semi-annual payments over a period of five years, commencing on June 15, 2025.
  • Regulatory Status: Transaction closed following regulatory approval.
  • Strategic Impact: Peruvian Metals now holds a significant interest in Rio Silver and will indirectly benefit from Rio Silver's exploration or development success.
  • Company Operations: Peruvian Metals continues to focus on the Peruvian gold and silver space in northern Peru, specifically the Palta Dorada, Yanayco, and Minas Vizca projects.
  • Processing Capacity: The company operates the Aguila Norte processing plant, which has an environmental permit (IGAC) allowing expansion past the current 100-tonne-per-day level.

Notable Quotes

  • "We are very pleased to have completed the transaction with Rio Silver. Peruvian Metals now has significant interest in Rio Silver and will indirectly benefit from any exploration or development success." — Jeffrey Reeder, CEO and Chairman
Read the original news release →

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