Inca One Gold (IO.V) has released the results of another harvest and the numbers are quite impressive with a gold production of 521 ounces and a silver production of almost 558 ounces. This should bring in in excess of $600,000 in revenue as the gold price finally seems to be moving again. The average head grade was 0.7 ounces of gold per tonne of ore which is already really good, considering Inca One is still holding back on processing the really high-grade ore. This means the operating performance should actually continue to improve as both the throughput and the average grade should increase from here on.
We have met Inca One’s CEO and COO in Vancouver and the stars seem to be aligning for the company as 2015 should be a year of important production growth.
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Disclosure: The author holds a long position in Inca One Gold. Inca One is a sponsor of the website. Please see our disclaimer for current positions.
