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PPX Produces 13,888 Ounces Gold, 43,176 Ounces Silver, Generating Cdn$2.64M in Revenue During the Twelve Months of Fiscal 2021
VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / PPX Mining Corp. (the " Company " or " PPX ...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Produces 13,888 Ounces Gold, 43,176 Ounces Silver, Generating Cdn$2.64M in Revenue During the Twelve Months of Fiscal 2021VANCOUVER, BC / ACCESSWIRE / February 15, 2022 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that during the twelve months of Fiscal 2021 (October 1 2020 - September 30 2021) 13,888 ounces of gold and 43,176 ounces of silver were produced from ore mined at Mina Callanquitas generating Cdn$2,641,326 in Net Profit Interest Income. Ore production sold from Mina Callanquitas totalled 53,824 tonnes grading 9.75 gpt gold during the twelve-month period. During Fiscal Q4 2021 (July - September 2021) mine production totalled 14,060.78 tonnes grading 10.5 gpt gold and 106 gpt silver, the highest production rate (~153 tonnes/day) achieved to date at Mina Callanquitas. Details are set out in the table below:PeriodNet Profit Interest Income (Cdn$)1Ounces Au Produced2Ounces Ag Produced2,3Tonnes MinedAverage Au Grade (gpt)Average Ag Grade (gpt)4Fiscal Q1 2021483,4603,799.7010,0659.43-Fiscal Q2 202188,1052,853.5010,3049.88-Fiscal Q3 20211,484,8643,640.519,49012,33911.0196.84Fiscal Q4 2021584,8973,593.823,68614,06110.53105.96TOTALS:$2,641,32613,887.543,17646,76910.28NA* Notes:Net Profit Interest Income for each Quarter can be found in each respective Quarter's Financial Statement as file on SEDAR and available on the Company's website.Ounces produced is based on the number of ounces reported recovered by the toll mill operators. The timing of reporting production from milling is offset from mine production due to transport, mill scheduling and invoicing/reporting of production from the toll mill operators.In Fiscal Q3, 2021, a new toll mill and toll milling contract allowed for the Company to record silver production for the first time, therefore prior Quarter silver production is not reported.As mentioned above in Note Three, a new toll mill and toll milling contract allowed for the Company to record silver production and grade for the first time, therefore prior Quarter silver grade is not reported.PPX has not declared commercial production at Mina Callanquitas. Nonetheless, increasing metal prices and mine productivity, coupled with superior toll milling contracts, have all contributed to the increasing revenue derived from operations at Mina Callanquitas. Through Fiscal Q4 2021, Mina Callanqui...