Inca One Gold Corp (TSXV: INCA) this morning reported its production results for the month of May. The company saw the most productive May on record, with gold production improving 94% on a month over month basis to 2,219 ounces.
Gold production was up to 2,219 ounces from the 1,141 ounces produced during the month of April. The company indicated that it was the strong month of production exhibited by the company since pre-Covid, when the company produced 2,315 ounces in March 2020.
Processing meanwhile improved from 2,968 tonnes to that of 3,538 tonnes, a 19% increase. Average grades from processing also improved, climbing to 19 grams per tonne gold.
Deliveries also saw an improvement, with a total of 5,367 tonnes of feedstock being delivered in May, as compared to the 3,681 tonnes delivered in April, a 41% increase which points to the potential for stronger production figures going forward. Deliveries were reporting pegged at 173 tonnes per day on average between its two processing facilities, referred to as Chala One and Kori One.
“I am pleased with the increase in production and especially the level of deliveries recorded at our plants over this past May. Our ore purchasing teams have been focused and working hard to source high quality, high grade mineral supplies and their effort has been recognized as we recorded record numbers this past month.”
Edward Kelly, CEO of Inca One
Inca One Gold last traded at $0.385 on the TSX Venture.
FULL DISCLOSURE: Inca One Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Inca One Gold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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