# 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 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f--d727114e-e192-45dd-ad4e-c41279115fb2 Original source: https://money.tmx.com/en/quote/PER/news/5084489203757032/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f Publisher: tmx Original announcement: 2026-01-23T12:31:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: High silver recovery \(97.85%\) - Positive factor: High gold recovery \(92.19%\) - Positive factor: Successful flotation method - Positive factor: Strategic JV acquisition - Negative factor: Lower gold recovery on Charo vein \(74.7%\) Facts used in scoring: 4 ## Classification and evidence **High Recovery** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: 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) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f--d727114e-e192-45dd-ad4e-c41279115fb2#fact-metallurgical-facts-0) silver #### 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 factor: Exceptional silver recovery Evidence · text > Silver-Gold recoveries returned 97.85% and 92.19% respectfully. ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f--d727114e-e192-45dd-ad4e-c41279115fb2#fact-metallurgical-facts-1) gold #### 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 factor: Strong gold recovery Evidence · text > Silver-Gold recoveries returned 97.85% and 92.19% respectfully. ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f--d727114e-e192-45dd-ad4e-c41279115fb2#fact-metallurgical-facts-2) silver #### 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 factor: High silver recovery Evidence · text > Silver-Gold recoveries returned 92.3% Ag and 74.7% Au. ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/peruvian-metals-reports-silver-gold-recoveries-of-97-85-and-92-19-respectively-f--d727114e-e192-45dd-ad4e-c41279115fb2#fact-metallurgical-facts-3) gold #### 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 factor: 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.