Inca One Gold Corp. (TSX-V: IO) is a Canadian-based mineral resource company and ore processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. A highly mineral-rich country, Peru is one of the world’s top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their ore (such as the company’s Chala plant). SNNLive spoke with Edward Kelly, CEO of Inca One Gold Corp. at the New Orleans Investment Conference 2014.
Mr. Kelly begins with an overview of the company, “Inca One Gold is a gold ore processing company in Peru. We’ve bought a plant about just over a year ago, we’ve gone through some renovations to it and upgrades and we’re currently expanding the production capacity by 400% and it’ll be completed by the end of this year.”
He then goes into the business model of Inca One, “Simply we are in the gold ore processing business. So we buy gold ore the artisanal and small-scale miners, which is big business in Peru, but a 3 billion dollar market in the gold space alone and we basically do a revenue share with them that works out to be about a 50-50 split.”
Speaking about Peru, “Recently the government in Peru, every once in a while they do have some – you know any government does have some positive policy changes and that’s exactly what’s happening in Peru right now. A bit of a revolution going on, but out of these revolutions are born great business and tremendous opportunities have sprung." For more information, check out their website: www.IncaOne.com
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