Inca One Gold Corp.
Other OTCCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Edward John Kelly BBA
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1140 West Pender Street Vancouver BC Canada V6E 4G1
- IPO Date
- Jan 8, 2021
- Website
- incaone.com
- Similar Companies
- Business
- Inca One Gold Corp. is a Canadian-based gold producer focused on mineral processing services for permitted artisanal and small-scale gold miners (ASGM) in Peru; it operates two fully permitted, fully integrated gold milling facilities, Chala One and Kori One (also known as Koricancha), with a combined permitted capacity of 450 tonnes per day; the facilities process gold-bearing ore purchased from third-party miners, producing refined gold and silver doré bars for sale to refiners and exporters. The company generates revenue primarily from toll milling and custom processing operations in Peru's southern mining districts, supporting sustainable practices through partnerships with the UN-backed PlanetGold Program and the Swiss Better Gold Initiative. Founded in 2005 and headquartered in Vancouver, British Columbia, with key operations in Lima, Peru, Inca One targets the substantial ASGM sector, one of the world's largest informal gold markets valued in billions annually. Recent developments include a June 2024 filing for creditor protection under Canada's Companies' Creditors Arrangement Act (CCAA) following a default on a gold loan with OCIM Precious Metals; the Supreme Court of British Columbia has extended the stay period multiple times, most recently to October 2024, while approving a US$1 million debtor-in-possession loan for working capital and a claims process overseen by FTI Consulting; in July 2024, the company agreed to terms for a proposed US$25 million gold loan facility arranged by Westmount Capital, maturing in 60 months with quarterly repayments starting after 12 months, secured by Peruvian assets, and expected to close around September 2024 to restructure debts and restart idled operations. Previously, Inca One secured non-dilutive gold pre-payment facilities, including US$9.0 million and US$2.5 million from OCIM, and signed a gold ore supply contract with PPX Mining; it acquired the Kori One facility in 2018 from Anthem United and achieved record sales, such as US$11.8 million in Q1 2024 and over US$250 million cumulatively. The company trades on the TSX Venture Exchange (INCA.H), OTCQB (INCAF), and Frankfurt (SU92), with shares halted during CCAA proceedings pending relisting post-restructuring.
Inca One Receives Court Approval of Claims Process
Inca One Announces Extension of Stay Period and DIP Loan Agreement
Inca One Announces Extension of Stay Period
Inca One Announces CCAA Filing
Inca One Provides Update on OCIM Loan Default
Inca One Reports US$11.8 Million Sales in Calendar Q1 2024
Inca One Provides the Following Corporate Update
Inca One Announces Board Resignation
Inca One Reports February Sales of US$5.02 Million
Inca One Reports January Sales of US$4.6 Million
Inca One Reports the Highest Level of Monthly Processing in 2023
Inca One Closes Final Tranche of Private Placement for Aggregate Proceeds of $1,017,900
Inca One to Attend the Microcap Conference in Atlantic City
Inca One Reports Closing First Tranche $696,900 of Its Private Placement
Inca One Reports November Sales of US$4.6 Million
Inca One Announces Financing and AGM Results
Inca One Reports October Sales of US$2.7 Million
Inca One Partners with PlanetGOLD to Improve Gold Ore Processing in Peru
Inca One Reports US$13.2 Million Sales in Calendar Q3 2023
Inca One and Swiss Better Gold Association Announce the First Step 1 Accreditation of a Processing Plant in Peru