Altiplano Metals Inc. reported operating results for the second quarter and year to date ended June 2023. During second quarter 2023, the company extracted a total 8,315 tonnes of mineralized Cu-Au material at Farellon. This represents an increase of 8% from the 7,675 tonnes of material mined in first quarter. Tonnes processed in second quarter represented 7,883 tonnes, an increase of 4% from the previous quarter of 7,584 tonnes. The copper grade recovered was 1.75%, down 13% from the previous 2023 first quarter result of 1.90%. Waste removal increased by 400% to 3,262 tonnes in 2023 second quarter as development progressed to the 336 m operational level.

At the end of June 2023, the company had 180 tonnes in stockpiles at the Farellon site and a total of 2,000 tonnes of stockpiles at the El Peñón mill site. An additional 8,000 tonnes of lower grade material are stockpiled at the Farellon site and ready to be shipped for processing at the El Peñón facility. The company currently has 1,200 tonnes of material in process with ENAMI. This material will be processed for sale and the revenue will be realized in the coming months.