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Inca One Gold Reports Increase in Supply in April
INCA ONE GOLD CORP. (TSX-V: INCA) (OTCQB: INCAF) (FSE:SU92) a gold producer operating two mineral processing facilities in Peru, reports consolidated sales (unaudited) for April 2023 and comparative month over month operational results.
Deliveries to Inca One Plants increased by 31% as transportation of gold feedstock picked up again as management previously referenced. This was a result of transport corridors re-opening following previous social unrest in some areas of the country and the end of the annual rainy season.
Milling activity also increased slightly as Inca One operated at 121 tonnes per day of throughput. Gold production in April also decreased by 6% reaching 1,499 ounces for the month.
| Consolidated operations | April 2023 | March 2023 | MoM change |
| Deliveries | 4,370 | 3,340 | 31% |
| Milling | 3,619 | 3,594 | 1% |
| Gold production | 1,499 | 1,602 | -6% |
| Sales (US$) | 1.4 M | 3.3 M | -58% |
Sales revenue in April reached US$1.4 million, from the sale of 675 ounces of gold, a 59% decrease over the prior month of March 2023. The decrease, as compared to the prior month of March, was due to the timing of exports which caused a lower volume of ounces sold, despite a higher gold price.
With a return to normal in-country transportation, ore supply to Inca One Plants continued to increase in the early days of May and the Company’s outlook on future growth in raw material supply for processing remains positive.
About Inca One
Inca One Gold Corp is an established gold producer operating two fully permitted, gold mineral processing facilities in Peru. The Company possesses a combined 450 TPD permitted operating capacity at its two fully integrated plants, Chala One and Kori One and has produced more than 130,000 ounces of gold, generating over US$200 million in sales from its processing operations. Inca One is led by an experienced and capable management team that has established the Company as a trusted leader in servicing permitted, artisanal and small-scale miners (ASM) in Peru. Peru is one of the world’s largest producers of gold, and its ASM sector is estimated by government officials to be valued in the billions of dollars annually.
Figure 1. Inca One’s gold processing facilities in Peru (left: Chala One facility; right: Kori One facility)
Posted May 30, 2023
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