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Peruvian Metals ( (TSE:PER) ) has shared an update.
Peruvian Metals Corp. has signed an agreement to sell its 100% interest in the Maria Norte Au-Ag-Zn-Pb Project to Rio Silver Inc. This transaction, involving shares and cash, allows Peruvian Metals to focus on expanding into the Peruvian gold market while maintaining an indirect stake in the development of Maria Norte. The sale aligns with the company’s strategy to leverage third-party capital for project development and enhances its strategic direction towards the gold sector in Northern Peru.
More about Peruvian Metals
Peruvian Metals Corp. is a Canadian exploration and mineral processing company that provides toll milling services and produces high-grade marketable concentrates from mineral purchases. The company operates the Aguila Norte processing plant in Peru, which has an environmental permit allowing for operational expansion. Peruvian Metals continues to acquire and develop precious and base metal properties in Peru.
YTD Price Performance: 40.0%
Average Trading Volume: 88,560
Technical Sentiment Signal: Buy
Current Market Cap: $1.77M
For detailed information about PER stock, go to TipRanks’ Stock Analysis page.