Peruvian Metals Announces Gold Recoveries of 89% in Sulphides at Palta Dorada

Original announcement by tmx on

Company
Peruvian Metals Corp
Ticker
PER
Exchange
TSX
Region
Northern Peru
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy
Extracted
2026-09-12 18:53:55 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Peruvian Metals has announced updated metallurgical results for its Palta Dorada Gold-Silver property in Peru. Testing on sulphide material via flotation yielded 89% gold recovery, while oxide material via agitated cyanide leaching returned 82% gold recovery.

Reasoning: The release reports successful metallurgical testwork on two distinct ore domains (oxide and sulphide) with gold recoveries meeting or exceeding expectations for their respective routes.

Positive factors

  • Recoveries exceeding 80% for both oxide and sulphide material
  • Sulphide gold recovery of 89% via flotation
  • Oxide gold recovery of 82% via cyanide leaching
  • QP sign-off provided

Negative factors

  • Silver recoveries are relatively low (58-61%)
  • Historical sample mentioned was not representative

Facts used in scoring: 5

Classification and evidence

QP/CP Signedpositive · Story-specific tag

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Jeffrey Reeder, P. Geo., is named as the Qualified Person who reviewed and approved the technical contents.

Evidence · text

“Qualified Person Jeffrey Reeder, P. Geo., is the Qualified Person, as defined by National Instrument 43-101”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a mill_cil route ("CIP")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 5. Some facts used in scoring do not have a stored record.

Metallurgical Results (5)

flotationPalta Dorada · goldRecovery: 89 %Head Grade: 8.3Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Palta Dorada
Commodity
gold
Region
peru
Reported Region
Northern Peru
Ticker
PER

Test Work

Test Type
flotation
Processing Route
flotation
Sample
sulphide material from San Juan vein shaft

Recovery

Recovery
89 %
Recovery Basis
actual_test
Head Grade
8.3
Head Grade Unit
g/t

Lab

Laboratory
Procesmin Ingenieros SRL

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-21T00:00:00.000Z

Reasoning: High gold recovery on sulphide material via flotation.

Positive factors

  • 89% recovery is strong for sulphide flotation

Evidence · text

“Precious metal recoveries on the sulphide material using flotation returned 89% for gold”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationPalta Dorada · silverRecovery: 61 %Head Grade: 3.39Head Grade Unit: oz/mtView all details
Link to this fact

Identity

Project
Palta Dorada
Commodity
silver
Region
peru
Reported Region
Northern Peru
Ticker
PER

Test Work

Test Type
flotation
Processing Route
flotation
Sample
sulphide material from San Juan vein shaft

Recovery

Recovery
61 %
Recovery Basis
actual_test
Head Grade
3.39
Head Grade Unit
oz/mt

Lab

Laboratory
Procesmin Ingenieros SRL

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-21T00:00:00.000Z

Reasoning: Moderate silver recovery via flotation.

Negative factors

  • 61% silver recovery is relatively low

Evidence · text

“returned 89% for gold and 61% for silver”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 61% is below the weak band (75%)

agitated cyanide leachingPalta Dorada · goldRecovery: 82 %Head Grade: 35.1Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Palta Dorada
Commodity
gold
Region
peru
Reported Region
Northern Peru
Ticker
PER

Test Work

Test Type
agitated cyanide leaching
Processing Route
agitated cyanide leaching
Sample
oxide material from San Juan vein shaft
Leach Time
48 hours

Recovery

Recovery
82 %
Recovery Basis
actual_test
Head Grade
35.1
Head Grade Unit
g/t

Lab

Laboratory
Procesmin Ingenieros SRL

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-21T00:00:00.000Z

Reasoning: Good gold recovery on high-grade oxide material.

Positive factors

  • 82% recovery is solid for oxide cyanide leach

Evidence · text

“Agitated cyanide leaching results show recoveries of 82% for gold”
agitated cyanide leachingPalta Dorada · silverRecovery: 58 %Head Grade: 1.51Head Grade Unit: oz/mtView all details
Link to this fact

Identity

Project
Palta Dorada
Commodity
silver
Region
peru
Reported Region
Northern Peru
Ticker
PER

Test Work

Test Type
agitated cyanide leaching
Processing Route
agitated cyanide leaching
Sample
oxide material from San Juan vein shaft
Leach Time
48 hours

Recovery

Recovery
58 %
Recovery Basis
actual_test
Head Grade
1.51
Head Grade Unit
oz/mt

Lab

Laboratory
Procesmin Ingenieros SRL

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-21T00:00:00.000Z

Reasoning: Low silver recovery via cyanide leaching.

Negative factors

  • 58% silver recovery is low

Evidence · text

“and 58% for silver over 48 hours”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 58% is below the weak band (75%)

Fact 5Palta Dorada · goldRecovery: 90 %Head Grade: 9.74Head Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Palta Dorada
Commodity
gold
Region
peru
Reported Region
Northern Peru
Ticker
PER

Test Work

Sample
oxide material (June 2022 sample)

Recovery

Recovery
90 %
Recovery Basis
actual_test
Head Grade
9.74
Head Grade Unit
g/t

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-01T00:00:00.000Z

Dates

Event date
2026-01-21T00:00:00.000Z

Reasoning: Historical oxide recovery result.

Positive factors

  • 90% recovery is high

Evidence · text

“gold recoveries of 90%”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.