Mr. Edward Kelly reports
INCA ONE GOLD REPORTS MAY SALES OF $3.9 MILLION, A 79% MONTH OVER MONTH INCREASE
Inca One Gold Corp. has provided consolidated sales (unaudited) for May, 2023, and comparative month-over-month (MoM) operational results.
Sales revenue in May reached $3.9-million (U.S.) from the sale of 1,898 ounces of gold, a 79-per-cent increase over the prior month of April, 2023. The increase was due to the timing of exports which caused a higher volume of ounces sold, despite a slightly lower gold price.
CONSOLIDATED OPERATIONS
May, 2023 April, 2023
Sales (U.S.$) $3.9-million $1.4-million
Deliveries 5,033 4,370
Milling 5,169 3,619
Gold production 2,090 1,499
Milling activity increased substantially in May as Inca One processed 5,169 tonnes of material (167 tonnes per day), a 43-per-cent increase over the prior month.
Gold production also increased by 39 per cent, reaching 2,090 ounces for the month of May.
Deliveries to Inca One plants continued to increase month-over-month basis as 5,033 tonnes of mineral bearing feedstock was delivered to Inca One plants as supplies of mill feed remain robust.
About Inca One Gold Corp.
Inca One is an established gold producer operating two fully permitted, gold mineral processing facilities in Peru. The company possesses a combined 450-tonne-per-day permitted operating capacity at its two fully integrated plants, Chala One and Kori One, and has produced more than 130,000 ounces of gold, generating over $200-million (U.S.) in sales from its processing operations. Inca One is led by an experienced and capable management team that has established the company as a trusted leader in servicing permitted, artisanal and small-scale miners (ASM) in Peru. Peru is one of the world's largest producers of gold, and its ASM sector is estimated by government officials to be valued in the billions of dollars annually.
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