Peru: Inca One reports sales of $4.6 million in January

This corresponds to a 32% increase compared to January 2023 and a 56% increase compared to the previous month.

Inca One, a gold producer operating two mineral processing facilities in Peru, achieved sales revenues of US$4.6 million in January 2024.

This represents a 32% increase compared to January 2023 and a 56% increase compared to the previous month, marking the company's best January monthly sales.

The increases were the result of a higher volume of gold ounces produced and sold, combined with an additional export in January, sold at a higher price per ounce of gold (USD 2,049 compared to USD 1,909 in January 2023). Political unrest that hindered mineral transportation across the country from December 2022 to the first quarter of 2023 also contributed to the year-over-year increases.

In particular, gold production in January reached a historic high for any previous January month.

Deliveries and milling activity also improved year-over-year as the company saw increases of 111% and 120%, respectively, with plants milling at an average of 213 tonnes per day in January 2024.