Canadian mineral resource company Inca One Gold Corp. (Inca One) has reported that production in February reached 2018 t of material or 72 tpd, up from 1522 t or 49 tpd processed in 2017, an increase of 33% on a year-on-year basis.
Additionally, gold exports in February 2018 reached just over 910 oz, an all-time production high for the month of February. When compared to 2017 production of 624 oz of gold, this represents an increase of 46% year. When compared to the prior month of January 2018, gold production increased 10%.
Inca One’s supply of gold bearing material for processing increased significantly. Minerals received in February 2018 was 2066 t, an increase of 20% year-on-year (1725 t delivered in February 2017), and 78% when compared to the prior month of January 2018 (1163 t delivered). This was directly related to the additional working capital raised in the company’s private placement that closed in January.
Knowing the importance of continued investment into the Chala Plant and addressing cost savings where possible, the company commenced implementation of several new capital improvements to maximise crushing and milling effectiveness and further improve gold recoveries and efficiency.
Inca One President and CEO, Edward Kelly commented: “We are extremely pleased to see the immediate impact from our financing produce record numbers in the month of February, a month that has historically been a slower period for our business. The continued growth in all facets of our operations are a favourable outcome. We anticipate steady improvement in our throughput and production in the coming months as we deploy additional working capital towards mineral purchases, keeping Inca One on pace towards company-wide profitability.”