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Altiplano Metals Inc. [APN-TSXV; ALTPF-OTC; 9AJ1] reported the Q1 2021 results from the 100%-owned Farellon copper-gold mine near La Serena, Chile.
During Q1, 2021, the company extracted a total 9,770 tonnes of mineralized Cu/Au material at Farellon and processed 8,055 tonnes at an average copper grade of approximately 1.53%. Sales of 257,500 pounds of copper generated approximately US$544,000 in revenue. Total revenue since Q1 2018 generated at the Farellon operation now represents more than US$6,000,000 from the sale of approximately 2.96 mm pounds of copper.
Total extracted tonnes in Q1 declined by 19.5% from the previous record quarterly set in Q4 2020. Processed material was also lower in Q1 representing a 11.5% decrease from the previously strong quarter. Overall grade declined by 8.9% from Q4 2020. Grade and extraction declines are attributed to development work in non-productive areas and reduction in grade control as the benching process of removing cei
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