TSX-V-listed Peruvian Metals’ 80%-owned Aguila Norte processing plant, in northern Peru, processed a yearly record of 36 616 t of third-party mineral during 2025, an 8% increase year-on-year.

Production has increased for five years in a row, the company points out, adding that the plant was at full capacity in 2025.

Plant expansion plans are also being considered.

Peruvian Metals also provided a summary of its core and noncore projects, which shows the company has a significant exposure to gold and silver in Peru.

The company is currently planning its development and exploration programmes for this year for its 100% owned properties.

This will also include the Mercedes Property in which the company has a 50% indirect interest. Development costs will be equally shared with its partner, Hudson Heartland.

Permitting is well advanced at both Palta Dorada and Mercedes allowing for extraction of mineral for processing, Peruvian Metals informs.

The company says it is also encouraged by the gold oxide mineral on both the Palta Dorada gold/silver/copper site, and at the Aguila Norte plant site.

Oxide material will be sold to local toll mills for immediate payment while the company plans to design a future carbon-in-pulp (CiP) plant.

The company is currently conducting metallurgical studies at both Palta Dorada and Mercedes and will provide results once available.

Sulphide mineral from Palta Dorada will be processed at the Aguila Norte plant whereas mineral from Mercedes will be processed at a third-party mill located 12 km from the property site.

Peruvian Metals will start to review the gold/silver/copper veins located in and around the Aguila Norte plant early this year.

The company received 54 t of oxide gold material grading 5.31 oz gold/mt as a royalty from a small miner during 2025. The material was extracted from old workings located on the company’s concession. It successfully sold this mineral, showing potential profitability.

Development plans are currently under way, which include portal locations, metallurgical work and topographic control.

Noncore properties of interest include the 100% owned Minas Vizca and the Yanayco properties located in northern Peru. Both properties are indicated to have significant silver and gold values. The company believes Yanayco has the potential to be an underground high-grade operation.

In December 2025, Peruvian Metals received 3.99-million shares of Rio Silver for the sale of Minas Maria Property.

“We are pleased to achieve several milestones during 2025. The company achieved record production at our Aguila Norte plant. With historic highs for gold and silver, we are making significant progress on permitting and metallurgical work on Palta Dorada and Mercedes properties.

“We will continue to review additional gold opportunities in northern Peru by moving into the Peruvian gold space, which is bolstered by the progress Palta Dorada. The acquisition is one of many catalysts and sources of material for a potential CiP circuit,” says CEO Jeffrey Reeder.