Mr. Edward Kelly reports
INCA ONE PRODUCES 1,987 OZ OF GOLD IN AUGUST 2019
Inca One Gold Corp. has released its consolidated gold production and deliveries for August, 2019, from its Chala One plant and Koricancha plant (Kori One). All comparative year-over-year (YOY) production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100-per-cent basis and includes Kori One from Aug. 21, 2018.
Gold production in August, 2019, increased by 9 per cent YOY, producing 1,987 ounces of gold, compared with 1,815 ounces in August, 2018. On a month-over-month (MOM) basis, gold production decreased by 8 per cent from the prior month of July, 2019 (2,153 ounces).
Deliveries for August, 2019, increased significantly, up 47 per cent YOY, with 4,651 tonnes of gold-bearing material delivered to both the Chala One and the Kori One plants. Deliveries also picked up by 16 per cent on an MOM basis, compared with July, 2019 (4,022 tonnes).
Throughput in August, 2019, reached 4,129 tonnes, compared with 3,720 tonnes in August, 2018, an increase of 11 per cent YOY. Throughput also climbed 2 per cent MOM, averaging 133 tonnes per day in August, 2019, compared with July, 2019 (131 tonnes per day).
August, 2019 August, 2018
Deliveries 4,651 tonnes 3,160 tonnes
Throughput 4,129 tonnes 3,720 tonnes
Gold produced 1,987 ounces 1,815 ounces
Edward Kelly, president and chief executive officer, commented, "I am pleased to additionally report that consolidated gold production year to date is up over 60 per cent, with four more months for our team to continue to execute and deliver on this current performance."
About Inca One Gold Corp.
Inca One Gold is a Canadian-based mineral processing company. The company's activities consist of the production of gold and silver from the processing of purchased minerals located in Peru. Peru is the sixth-largest producer of gold in the world, and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued at approximately $3-billion (U.S.) annually. The company purchases its minerals from government-registered, small-scale mining producers from various regions and processes it at its 100-per-cent-owned Chala One and 90-per-cent-owned Kori One milling facilities, located in Arequipa, southern Peru.
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