Peruvian Metals Reports: Silver - Gold Recoveries of 97.85 % and 92.19% Respectively from the Victor II Vein at the Mercedes Ag-Au Property in Central Peru
Original announcement by tmx on
- Company
- Peruvian Metals Corp.
- Ticker
- PER
- Exchange
- TSX
- Region
- Central Peru
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Metallurgy, Agreement transaction
- Extracted
- 2026-08-21 02:54:53 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Peruvian Metals Corp. has reported high metallurgical recoveries of 97.85% for silver and 92.19% for gold from the Victor II vein using flotation methods. The company also announced the completion of an agreement to acquire a 50% interest in the Mercedes property through San Maurizo Mines Ltd.
Reasoning: The announcement reports exceptional silver recoveries and successful metallurgical testing via flotation for the Victor II vein, alongside a strategic interest acquisition in the property.
Positive factors
- High silver recovery (97.85%)
- High gold recovery (92.19%)
- Successful flotation method
- Strategic JV acquisition
Negative factors
- Lower gold recovery on Charo vein (74.7%)
Facts used in scoring: 4
Classification and evidence
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Silver recoveries of 97.85% and 92.3% are exceptional.
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: Metallurgical work used flotation methods.
Evidence · text
“Metallurgical results using flotation methods produced a concentrate”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
flotationsilverRecovery: 97.85 %Head Grade: 9.4Head Grade Unit: ounces Ag/mtView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PER
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- Victor II vein large composite sample
Recovery
- Recovery
- 97.85 %
- Recovery Basis
- actual_test
- Head Grade
- 9.4
- Head Grade Unit
- ounces Ag/mt
- Conc. Grade
- 33.03
- Conc. Grade Unit
- ounces Ag/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 97.85% recovery is exceptional for silver flotation.
Positive factors
- Exceptional silver recovery
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
flotationgoldRecovery: 92.19 %Head Grade: 3.69Head Grade Unit: grams Au/mtView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PER
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- Victor II vein large composite sample
Recovery
- Recovery
- 92.19 %
- Recovery Basis
- actual_test
- Head Grade
- 3.69
- Head Grade Unit
- grams Au/mt
- Conc. Grade
- 12.23
- Conc. Grade Unit
- grams Au/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 92.19% recovery is strong for gold flotation.
Positive factors
- Strong gold recovery
Evidence · text
“Silver-Gold recoveries returned 97.85% and 92.19% respectfully.”
flotationsilverRecovery: 92.3 %Head Grade: 6.1Head Grade Unit: ounces Ag/mtView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- PER
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- Charo Vein large composite sample
Recovery
- Recovery
- 92.3 %
- Recovery Basis
- actual_test
- Head Grade
- 6.1
- Head Grade Unit
- ounces Ag/mt
- Conc. Grade
- 48.42
- Conc. Grade Unit
- ounces Ag/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 92.3% recovery is strong for silver flotation.
Positive factors
- High silver recovery
Evidence · text
“Silver-Gold recoveries returned 92.3% Ag and 74.7% Au.”
flotationgoldRecovery: 74.7 %Head Grade: 0.63Head Grade Unit: grams Au/mtView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- PER
Test Work
- Program Status
- detailed
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- Charo Vein large composite sample
Recovery
- Recovery
- 74.7 %
- Recovery Basis
- actual_test
- Head Grade
- 0.63
- Head Grade Unit
- grams Au/mt
- Conc. Grade
- 4.01
- Conc. Grade Unit
- grams Au/mt
Lab
- Laboratory
- Procesmin Ingenieros SRL
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-01-23T00:00:00.000Z
Reasoning: 74.7% recovery is relatively low for gold flotation compared to the Victor II results.
Negative factors
- Lower gold recovery
Evidence · text
“Silver-Gold recoveries returned 92.3% Ag and 74.7% Au.”
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.