Core Insights - Peruvian Metals Corp achieved record production at its Aguila Norte processing plant in 2025, processing 36,616 tonnes of third-party mineral, an 8% increase from 2024 [2][9] - The company is planning development and exploration programs for 2026, including its 100% owned properties and the Mercedes Property, which has a 50% indirect interest [3] - Significant progress has been made in permitting and metallurgical work at the Palta Dorada and Mercedes properties, with plans for a future Carbon in Pulp (CIP) plant [3][9] Production and Processing - The Aguila Norte plant has processed increasing amounts of mineral for five consecutive years, with 2025 marking a record year [2] - The plant operated at full capacity in 2025, and expansion plans are being considered [2] Project Developments - The company is conducting metallurgical studies at both Palta Dorada and Mercedes, with results to be provided once available [3] - Development plans include reviewing Au-Ag-Cu veins around the Aguila Norte Plant and conducting topographic control and metallurgical work [4] Non-Core Properties - Non-core properties of interest include the Minas Vizca and Yanayco properties, both of which have significant gold and silver values [5][6] - Historical sampling at Yanayco returned grades of up to 7.33 grams Au/mt and 30.9 ounces Ag/mt, indicating potential for high-grade underground operations [6][7] Shareholder Updates - In December 2025, Peruvian Metals received 3,999,999 shares of Rio Silver Inc. for the sale of the Minas Maria Property, becoming the largest shareholder of Rio Silver [8]