Peruvian Metals Corp V.PER

Alternate Symbol(s): DUVNF

Metals & Mining Industrial Metals & Minerals

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. The Company is engaged in mineral processing and the exploration and development of mineral properties in Peru. It focuses on acquiring and developing precious and base metal properties in Peru. The Company's projects include Palta Dorada Au-Ag-Cu property, Minas Maria Norte property, Minas Vizca, and Minas Yanayco property. The Palta Dorada Au-Ag-Cu property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 2250 hectares. The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining district, which covers an area of approximately 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. The Minas Vizca covers an area of approximately 100 hectares. It also owns 50% interest in San Maurizo Mines Inc. (San Maurizo), which focuses on developing the Mercedes gold-silver lead-zinc-copper property.

TSXV:PER - Post by User

Peruvian Metals Corp

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Post by Shoeon Jun 07, 2011 7:09pm

348 Views

Post# 18683845

Cost Curve fits nicely

Weighted average copper mine cash costs in 2009 were $2320/t or $1.05/lb. The median cost of production was $2690/t or $1.22/b. The average LME cash price for copper in 2009 was $5150/t or $2.34/lb.

The latest Reuters' poll of metal market analysts shows that the median forecast for average copper prices in 2010 is around $6900/t ($3.12/lb) and $7500/t ($3.40/lb) in 2011.

With the average cost of mines within the top centile of the cost curve just over $3700/t or $1.68/lb, copper mining remained an exceptionally profitable business in 2009. For mines in the lower half of the cost curve margins were very significant.

Countries with significant copper mine production at the lower end of the cost curve in 2009 included Indonesia and Peru, while higher cost production was concentrated in Australia, Argentina and Poland.

https://www.glgroup.com/News/Copper-zinc-and-lead-mine-costs-in-2009-49582.html

Junior Market is anemic as the Sheperds bombard us daily with doom an Gloom,,,, Blood in the streeets ?

Cheers
Shoe

Bullboard Posts

Geologica Resource: Polymetallic upside at a depressed price