Inca One looking forward to higher production for remainder of 2019
Metals processing company Inca One Gold Corporation expects its production will increase over the remainder of this year as its mining partners increase ore deliveries.
The company pointed out in a release issued on Wednesday that an extended rainy season in the South American country, which had delayed deliveries from its mining partners and negatively impacted on Inca One's output in recent months, had come to an end.
"The company is well capitalised and we have excess capacity to make up from lost production from these recent months,” president and CEO Edward Kelly said.
Inca One buys minerals from government-registered, small-scale miners across Peru for processing at its Chala One and 90%-owned Kori One milling facilities in Arequipa, Peru.
Ore deliveries to Inca One's facilities for May had increased by 52% year-on-year to 3 491 t, while throughput was down 6% year-on-year to 2 912 t, as a result of the lag time between receiving and processing the ore.
"Accordingly, we expect throughput to catch up with deliveries in the coming months," the company said.
Gold output for May, meanwhile, was 1 420 oz, compared with the 1 531 oz produced in May 2018.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation