VANCOUVER, Feb. 14, 2019 /CNW/ - INCA ONE GOLD CORP. (TSXV: IO) (Frankfurt: SU9.F) (SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce consolidated gold production for January 2019 from its Chala One Plant ("Chala One") and Koricancha Plant ("Kori One"). All comparative year over year ("YOY") production numbers relate only to Chala One in 2018. Consolidated production in 2019 is on a 100% basis and includes Kori One from August 21st 2018.
The Company's gold production increased 178% YOY this past January 2019 as it reached 2,297 ounces as compared to 825 ounces in January 2018.
Material processed in January reached 4,878 tonnes, as compared to 1,492 tonnes in January 2018, an increase of 227% YOY. Throughput in December averaged a combined 157 tonnes per day ("TPD").
Deliveries in January totaled 4,499 tonnes, an increase of 287% YOY from January's 2018 total of 1,163 tonnes.
| January 2019 Operations | | | |
| Year over Year | 2019 | 2018 | YOY Variance |
| Deliveries: | 4,499 tonnes | 1,163 tonnes | 287% |
| Production: | 4,878 tonnes | 1,492 tonnes | 227% |
| Throughput: | 157 tpd | 48 tpd | 227% |
| Gold Produced: | 2,297 ounces | 825 ounces | 178% |
Driving the Company's January growth was the addition of Kori One and organic growth of deliveries to Chala One which increased by 103% YOY. The improvements at Chala One are significant as the slowest production time of the year for the small-scale mining sector is during the first quarter due to the rainy season.
Edward Kelly, President, and CEO commented, "I am pleased the Company's operations continue to progress consistently as we realized increases across the spectrum from our yearly 2018 averages in terms of production, throughput and deliveries. We have entered calendar 2019 on a strong note and look forward to our most productive year yet."