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PPX Produces 3,035 Ounces Gold, 27,446 Ounces Silver, Cdn$0.65M in Revenue, During Fiscal Q1 2022
VANCOUVER, BC / ACCESSWIRE / March 28, 2022 / PPX Mining Corp. (the " Company " or " PPX ") ...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Produces 3,035 Ounces Gold, 27,446 Ounces Silver, Cdn$0.65M in Revenue, During Fiscal Q1 2022VANCOUVER, BC / ACCESSWIRE / March 28, 2022 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that during the First Quarter of Fiscal 2022 (October 1, 2021 - December 31, 2021), 3,035 ounces of gold and 27,446 ounces of silver were produced from ore mined at Mina Callanquitas generating Cdn$651,639 in Net Profit Interest Income (\"Revenue\"). Ore production sold from Mina Callanquitas totalled 14,387.4 tonnes grading 9.37 gpt gold during the three-month period. Details are set out in the table below:PeriodNet Profit Interest Income (Cdn$)*Ounces Au Produced*Ounces Ag Produced*Tonnes MinedAverage Au Grade (gpt)Average Ag Grade (gpt)Fiscal Q1 2022651,6393,034.627,445.514,387.49.37122.6 * Notes:Net Profit Interest Income for the Quarter can be found in the Quarter's Financial Statement as filed 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.From the inception of mining through Fiscal Q1 2022, Mina Callanquitas has produced 162,284 tonnes of ore grading 9.44 gpt gold and 88.5 gpt silver from the Mineral Reserves and Measured and Indicated Resource at Mina Callanquitas as defined in the Igor Pre-Feasibility Study (\"PFS\"), available on the Company's website and SEDAR.Brian J. Maher, President and CEO of PPX Mining Corp. commented: \"PPX is excited about the continued positive production results from Mina Callanquitas. At the same time, the Company continues to actively engage all stakeholders seeking actionable initiatives that can expand production, begin mineral processing, and advance exploration at the Igor Project.\"Coronavirus/COVID-19 Information:Currently, all PPX and Sienna Minerals S.A.C. employees are working from home in accordance with their individual government recommendations and mandates. This status will continue for the foreseeable future, again under the guidance of respective local authorities. Additionally, all employees of Sienna are fully vaccinated which has allowed the Company to restart its Community programs in Callan...