Tag: IO

Inca One produces more gold and buys more ore

Inca One produces more gold and buys more ore

Inca One Gold (IO.V) has produced almost 1,300 ounces of gold in July, as it processed 2,989 tonnes of rock, indicating an average recoverable grade of approximately 13.4 g/t gold per tonne of rock and an average daily throughput of 96 tonnes per day. Considering the Chala One facility has […]

Inca One: a game-changing acquisition of a second mill

Inca One: a game-changing acquisition of a second mill

Inca One Gold (IO.V) has announced it is purchasing the Koricancha toll mill in Peru (ex-Anthem United) from Equinox Gold (EQX.V),  as the latter will be solely focusing on its mining projects in Brazil and California. The Koricancha mill has been operating at a throughput of 150 tonnes per day, […]

Are the stars finally aligning for Inca One Gold?

Are the stars finally aligning for Inca One Gold?

Inca One Gold (IO.V) released a new production update, and it looks like the company has finally found a good rhythm as it produced 1,224 ounces of gold in April from a total of 2,539 tonnes of ore that has been processed. This means two things. First of all, the […]

Inca One: higher throughput and gold production in February

Inca One: higher throughput and gold production in February

Inca One Gold (IO.V) has processed 2,018 tonnes (72 tpd) of ore-bearing material at the Chala One processing plant in Chala, Peru. That’s a substantial 33% increase compared to the 1,522 tonnes per day in the same month last year. This resulted in the production of ‘just over’ 910 ounces […]

Inca One has filed its financial statements

Inca One has filed its financial statements

Inca One Gold (IO.V) has filed its financial statements for the quarter ending on October 31st after-hours last Friday. As of at the end of October, Inca One had just C$64,000 in cash left on the balance sheet whilst the working capital position remained negative at C$3.2M despite a C$2.2M […]

Inca One increases gold production and appoints new directors

Inca One increases gold production and appoints new directors

Inca One Gold (IO.V) has announced a gold production of 1,659 ounces in May and June, which is more than twice as much compared to the same months last year. This is a decent result considering the company was operating at a throughput of just 60 tonnes per day which […]

Inca One links Chala One to the power grid

Inca One links Chala One to the power grid

Inca One Gold (IO.V) has confirmed the Chala One processing plant near Chala, Peru is now officially connected to the power grid. The regional power supplier has tested and approved the company’s new power line, and Inca One expects the facility to be connected to the grid any day now […]

Inca One processed 74 tonnes per day in November

Inca One processed 74 tonnes per day in November

Inca One Gold (IO.V) is entering the final phase of the three-phased ramp-up plan at its Chala One plant in Peru. In November, Chaal processed just over 2,200 tonnes of material for an average processing rate of 74 tonnes per day. That’s substantially higher than the 29 tonnes per day […]

Report: Inca One Gold – Onwards and Upwards

Report: Inca One Gold – Onwards and Upwards

Inca One Gold (IO.V) has just completed an equity raise of in excess of C$6M which allows the company to boost its working capital and perhaps even more important, to restructure its balance sheet. The company entered into an agreement with its lenders to convert a substantial part of its […]