PPX Mining Reports Record June 2025 Operational Results, NPI Payment Tops PEN 3.9 Million

PPX Mining Corp. reports strong operational results for June 2025 at its Callanquitas Mine in Peru. The operation generated record gross revenues of PEN 11.62 million and pre-tax income of PEN 5.14 million, resulting in a Net Profit Interest payment of PEN 3.9 million for the month. Cumulative NPI for the 2025 calendar year has reached PEN 5.10 million. The company expects continued strong performance for the remainder of the year as it advances its strategy to expand production capacity and optimize operating margins.

PPX Mining Corp. (TSX.V:PPX)(BVL:PPX) announced robust operational results for the month of June 2025 at its Callanquitas Mine in northern Peru. The operation generated record gross revenues of PEN 11.62 million and pre-tax income of PEN 5.14 million, resulting in a Net Profit Interest (NPI) payment of PEN 3.9 million for the month. This marks the strongest monthly performance for the company in 2025 and the previous 12 months.

Cumulative NPI for the 2025 calendar year through June has reached PEN 5.10 million, highlighting the mine's robust cash-generating potential. The positive financial results were driven by favorable gold and silver prices, despite elevated operating costs related to selective high-grade mining, high transportation expenses, and reliance on third-party processing facilities. PPX expects a substantial reduction in these costs once its own CIL and flotation plant, currently under construction, begins operations.

The operation overcame logistical and operational challenges caused by a particularly intense rainy season during the first quarter of the year. From a production standpoint, a total of 21,584 tonnes of ore have been mined year-to-date, averaging 133 tonnes per day. The average gold equivalent grade during the period was 6.77 g/t (gold 6.49 g/t and silver 41.6 g/t), resulting in the extraction of 3,690 gold equivalent ounces to date with an average gold price of US$ 3,100.29 and an average silver price of US$ 32.50.

PPX expects continued strong operational and financial performance for the remainder of 2025 as the company advances its strategy to expand production capacity and optimize operating margins. John Thomas, Chief Executive Officer of PPX Mining Corp., commented, "We are very pleased to report such strong results, which reflect operational discipline and a growing understanding of the underground structure at Callanquitas. As our geological knowledge improves through ongoing exploration activities, we are increasingly able to mine more efficiently and plan for scalable growth."

Reference:
[1] https://www.morningstar.com/news/accesswire/1058676msn/ppx-mining-reports-strong-operational-results-for-june-2025