Peruvian Metals Corp. provided an update on its 80% owned fully permitted Aguila Norte processing plant located in northern Peru. During 2022, the Plant processed 29,667 tonnes of wholly owned mineral and third-party mineral, compared with 28,654 tonnes in 2021 and 13,485 tonnes in 2020.

This represents an increase of 3.5% compared to 2021. During 2022, the Plant produced high-grade quality concentrates for the Company and third parties in 45 mineral campaigns or batches. The Plant continued to achieve excellent recoveries by producing 4,640 tonnes of highly marketable zinc concentrate, 1,716 tonnes of lead-silver concentrate, and 914 tonnes of copper concentrate.

Concentrate ratios (amount of mineral processed to tonnes of concentrates produced) in 2022 averaged 4.08 to 1.