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PPX Produces 3,294 Ounces Gold, 38,676 Ounces Silver, Cdn$1.27M in Revenue, During Fiscal Q2 2022
VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / PPX Mining Corp. (the " Company " or " PPX ") i...
About this update from Ppx Mining Corp.
[{"type":"text","content":"PPX Produces 3,294 Ounces Gold, 38,676 Ounces Silver, Cdn$1.27M in Revenue, During Fiscal Q2 2022VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / PPX Mining Corp. (the \"Company\" or \"PPX\") is pleased to announce that during the Second Quarter of Fiscal 2022 (January 1, 2022 - March 31, 2022),3,294 ounces of gold and 38,676 ounces of silver were produced from ore mined at Mina Callanquitas generating Cdn$1,269,420 in Net Profit Interest Income (\"Revenue\"). Ore production sold from Mina Callanquitas totalled 11,815 tonnes grading 12.52 gpt gold during the three-month period. Details are set out in the table below:PeriodNet Profit Interest Income (Cdn$)*Ounces Au Produced*Ounces Ag Produced*Tonnes MinedAverage Au Grade (gpt)Average Ag Grade (gpt)Fiscal Q2 20221,269,4203,293.638,676.211,814.612.52220.7* 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 Q2 2022, Mina Callanquitas has produced 174,099 tonnes of ore grading 9.65 gpt gold and 97.5 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: \"Gold and silver production during Fiscal Q2 2022 reflects the higher grades found in this portion of the Callanquitas structure. The Company continues to engage all stakeholders and evaluate numerous opportunities to accelerate the development of the Igor Project.\"The Company is also pleased to announce that on May 31, 2022, the Company received the final Net Profit Interest Income payment for calendar 2021 totalling 11,780,000 Peruvian Soles (approximately equal to US$3.14M based on the exchange rate on May 31, 2022). The Company intends to use the payment for general working capital purposes and debt reduction.Coronavirus/COVID-19 Information:Currently, all PPX and Sienna Minerals S.A.C. employees are working from ...