El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
Canada’s Inca One Gold (TSXV: IO) announced that it will launch an online bullion store so that collectors and investors can purchase gold directly from the company.
In a press release, the gold producer said its bullion store will initially offer 1-ounce gold coins and will add additional products, including silver options in the future. The inaugural Peruvian-themed coins will be stamped and minted by Inca One.
Inca One expects the online bullion store to provide increased margins from direct sales
“Upon the onset of the global pandemic, Inca One recognized the immediate need for precious metal investors to purchase gold and silver bullion. As a result, the company views this as an ideal opportunity to begin selling its gold and silver directly to the retail bullion investor,” the media brief states.
“We will be offering bullion from Peruvian small-scale miners who have had their ore processed at one of our facilities.”
Inca One operates two, fully-permitted, gold ore processing facilities in the Arequipa region of southwestern Peru. Chala One is a mineral processing facility with a permitted capacity of 100 tonnes per day, and Kori One is a gold ore processing facility featuring a carbon-in-leach gold circuit, with a maximum permitted capacity of 350 tonnes per day.
