Northwire Canada EditionSaturday, July 25, 2026
Sign inSubscribe
Northwire
⌕
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
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 →

More from Peruvian Metals Corp.

Jul 09, 2026 · 08:46

Peruvian reports a slight H1 throughput dip due to maintenance, with full capacity resuming for a record H2.

Production / Operations May 12, 2026 · 09:16

Peruvian Metals Extends Plant Life, Targets 350 TPD Capacity Amid Rising Metal Prices

Production / Operations Apr 14, 2026 · 08:01

Metallurgical Validation Supports Processing Expansion Amidst Record Production

Technical Study Apr 08, 2026 · 09:11

Record Q1 throughput confirms full‑capacity operations at Aguila Norte, but expectations were already set by recent financing

Production / Operations Mar 31, 2026 · 18:38

Peruvian Metals closes final tranche of financing

Financings Mar 31, 2026 · 08:01

Financing drive continues as Peruvian Metals tacks on second private placement tranche to fund Aguila Norte expansion

Financings