Edmonton, Alberta — January 6, 2026 — Leads & Copy — Peruvian Metals Corp (TSXV: PER) (OTC Pink: DUVNF) announced production results for 2025 at its 80-per-cent-owned Aguila Norte processing plant located in Northern Peru.
The company also provided a summary of its core and non-core projects, highlighting its exposure to gold and silver in Peru.
During 2025, the plant processed a yearly record of 36,616 tonnes of third-party mineral, an 8% increase compared to 33,889 in 2024. Production has increased five straight years, with 30,199 tonnes in 2023 and 29,667 tonnes in 2022. The Plant was at full capacity during 2025, and expansion plans are being considered.
The company is planning its 2026 development and exploration programs for its 100% owned properties. These programs will also include the company’s Mercedes Property, in which it holds a 50% indirect interest. Development costs will be shared equally with its partner, Hudson Heartland. Permitting is well advanced at both Palta Dorada and Mercedes, allowing for mineral extraction for processing.
The company is encouraged by the gold oxide mineral on both the Palta Dorada Au-Ag-Cu site and at the Aguila Norte Plant site. Oxide material will be sold to local toll mills for immediate payment while the company plans to design a future Carbon in Pulp (“CIP”) Plant. Metallurgical studies are underway at both Palta Dorada and Mercedes, with results to be provided once available. Sulphide mineral from Palta Dorada will be processed at the Aguila Norte Plant, while mineral from Mercedes will be processed at a third-party mill located 12 km’s from the property site.
In early 2026, the company will review the Au-Ag-Cu veins located in and around the Aguila Norte Plant. In 2025, the company received 54 tonnes of oxide gold material grading 5.31 oz Au/mt as a royalty from a small miner. The mineral was extracted from old workings on the company’s concession. The company successfully sold this mineral, showing potential profitability. Development plans are underway, including portal locations, metallurgical work, and topographic control. Assay results and a more detailed summary of the area are outlined in the company’s press release dated December 17th, 2025.
Non-core properties of interest include the 100% owned Minas Vizca and the Yanayco properties located in Northern Peru. Both properties have significant silver and gold values. Minas Vizca was acquired in 2021. Assays from ten samples taken from old stockpiles in four different areas ranged from 0.06 to 1.24 grams Au/mt, 0.71 to 47.82 oz Ag/mt, 0.34 per cent to 9.25 per cent Pb and 0.13 per cent to 4.93 per cent Zn averaging 0.49 grams Au/mt, 12.93 oz Ag/mt, 2.62 per cent Pb and 1.68 per cent Zn (see the Company’s press release dated November 10, 2021).
Yanayco, formerly called Pueblo de Oro, hosts an historic gold mine from the 1980s. Sampling in the old working returned up to 7.33 grams Au/mt and 30.9 ounces Ag/mt in individual samples. In total, 36 random grab samples were taken underground and averaged 0.73 grams Au/mt and 1.95 ounces Ag/mt. The Au-Ag grade depends on the brecciation intensity. The old mine dumps returned anomalous results from grab samples ranging from 4 grams Au/mt and 12.58 ounces Ag/mt. In total, 14 samples were collected from the old mine dumps and averaged 0.81 grams Au/mt and 4.41 ounces Ag/mt.
In December 2025, Peruvian Metals received 3,999,999 shares of Rio Silver Inc. (TSXV: RYO) for the sale of Minas Maria Property. Rio Silver closed at 50 cents on December 31st. The Company is pleased to be the single largest shareholder of Rio Silver.
Peruvian Metals has granted incentive stock options to various directors, officers, and consultants to purchase up to 4.2 million common shares of the company on or before January 6th, 2029, at an exercise price of six cents per share, in accordance with its stock option plan and subject to regulatory approval.
Jeffrey Reeder, C.E.O. of the Company, commented, “We are pleased to achieve several milestones during 2025. The Company achieved record production at our Aguila Norte Plant. With historic highs for gold and silver, we are making significant progress on permitting and metallurgical work on Palta Dorada and Mercedes properties. We will continue to review additional gold opportunities in Northern Peru by moving into the Peruvian gold space which is bolstered by the progress Palta Dorada. The acquisition is one of many catalysts and sources of material for a potential CIP circuit.”
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com
Source: Peruvian Metals Corp
