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Inca One Gold Corp (2)
Symbol IO
Shares Issued 264,517,440
Close 2019-10-07 C$ 0.03
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Inca One Gold produces 2,391 oz Au in September

2019-10-08 08:57 ET - News Release

Mr. Konstantine Tsakumis reports


Inca One Gold Corp. has provided consolidated gold production and deliveries for September, 2019, from its Chala One plant and Koricancha plant. All comparative year-over-year (YOY) production numbers represent consolidated operations from both facilities on a 100-per-cent basis.

Gold production this September, 2019, increased 20 per cent on a month-over-month (MOM) basis producing 2,391 ounces of gold as compared with August, 2019 (1,988 ounces), as production reached its second highest level so far this year. Gold production this past month decreased 21 per cent YOY as compared with 3,032 ounces in September, 2018.

Deliveries for September, 2019, decreased by 4 per cent on a MOM basis from August, 2019 (4,651 tonnes). Deliveries decreased 27 per cent YOY with 4,470 tonnes of gold-bearing material delivered to both the Chala One and the Kori One plants.

Throughput this past month climbed to its highest level year to date increasing 28 per cent on a MOM basis averaging 170 tonnes per day (tpd) as compared with August, 2019 (133 tpd). Total material processed decreased 15 per cent YOY processing 5,090 tonnes in September, 2019, as compared with 5,976 tonnes in September, 2018.

                         CONSOLIDATED OPERATIONS   

                September, 2019   September, 2018   August, 2019

Deliveries         4,470 tonnes      5,838 tonnes   4,651 tonnes
Production         5,090 tonnes      5,976 tonnes   4,129 tonnes
Throughput              170 tpd           199 tpd        133 tpd
Gold produced          2,391 oz          3,032 oz       1,988 oz

Edward Kelly, president and chief executive officer, commented: "September's production picked up nicely at both plants, almost reaching our earlier highs this year. Additionally, the third quarter of 2019 was our most productive this year as we produced 23 per cent more gold over the prior second quarter and 6 per cent more gold over our third quarter of 2018. I am pleased with this positive trending production in the last three months as we now enter the final calendar quarter of 2019."

About Inca One Gold Corp.

Inca One 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 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%-owned Kori One milling facilities, located in Arequipa, southern Peru.

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