Pecoy Copper Says Phase 1 Metallurgical Review Identified "Potential Step-Change" in Gold Recovery and Optimization Opportunities
Results of a Phase 1 independent metallurgical review completed by Global Resource Engineering (GRE) on its Pecoy copper-gold-molybdenum-silver project in Peru, identified a potential to "significantly improve" gold recovery, Pecoy Copper (PCU.V) said Tuesday.The review also outlined continued strong copper recoveries and marketable concentrate grades, and Molybdenum optionality, including the potential of a separate molybdenum concentrate, which could introduce a second payable product stream, it added."This work represents an important evolution in how we evaluate Pecoy," said Vincent Metcalfe, President and CEO. "Historical metallurgy was successful in demonstrating strong copper recoveries and a marketable concentrate, but it did not capture the full value potential of the project. Our updated analysis supports a clear pathway to materially improve precious metal recoveries while maintaining copper concentrate quality, and introduces the potential for a separate molybdenum product, effectively converting previously unrecovered metal into meaningful value. This work positions Pecoy as a project with multiple revenue streams and enhanced economic leverage."Shares of the company closed up $0.05 or near 3% to $1.80 on Monday.
