Inca One Gold Completes Acquisition Of Koricancha Processing Facility

VANCOUVER - Inca One Gold Corp. has finalized the purchase of Anthem United Inc., which owns 90.14% interest in the 350 tonnes per day ("TPD") Koricancha ore processing facility in Peru, from Equinox Gold Corp. and certain minority shareholders. 

"The closing of this acquisition of the producing Koricancha Mill is a strategic and transformative acquisition for Inca One," President and CEO, Edward Kelly said. "It instantly increases our footprint in Peru and allows us to grow our sales and earnings without significant and time-consuming capital spending and delays in permitting."

Koricancha is a custom built, fully operational, industrial gold ore processing facility, featuring a carbon-in-leach gold circuit, strategically situated in the Arequipa region of Peru. It is located at sea level, fully serviced by excellent infrastructure just 10 minutes from the Pan American Highway, within the Nazca-Ocona gold belt in Southern Peru. It is built out and permitted for 350 TPD and has been operating at an average of approximately 135 TPD since January 2018. It has been servicing the small-scale mining sector of Peru for three years and has a stockpile of material currently being processed.