Commodities
PPX Mining Reports Second Consecutive Monthly Historical Record of Net Profit Interest Earned at Callanquitas Mine
TORONTO, ON / ACCESS Newswire / July 6, 2026 / PPX Mining Corp. (TSX Venture:PPX)(BVL:PPX) ("PPX" or the "Company") is pleased to announce another positive month of operating and financial performance from its Callanquitas Mine at the Igor Project ...
About this update from Ppx Mining Corp.
TORONTO, ON / ACCESS Newswire / July 6, 2026 / PPX Mining Corp. (TSX Venture:PPX)(BVL:PPX) ("PPX" or the "Company") is pleased to announce another positive month of operating and financial performance from its Callanquitas Mine at the Igor Project in northern Peru, establishing a new all-time monthly record in Net Profit Interest ("NPI") for the second consecutive month. During May 2026, the Company generated Net Profit Interest of PEN 14.67 million, surpassing the previous historical record of PEN 12.59 million established in April 2026. The May result represents an increase of approximately 16.5% over the previous monthly record. These results increased cumulative NPI for the 2026 calendar year to PEN 50.56 million, while trailing twelve-month NPI reached a record PEN 91.41 million, the highest level in PPX Mining's history. Significantly, the NPI generated during the first five months of 2026 has already surpassed the PEN 47.69 million earned during the entire 2025 calendar year, highlighting the Company's exceptional operational performance. This achievement reflects the benefits of consistently higher gold grades, strong production results and the successful execution of the Company's mining plan. NPI figures were less for February and March due to lower ore processed as a result of the restricted ore shipments due to the rainy season. Operating Highlights The operating performance was primarily driven by continued mining of high-grade mineralization from the underground Callanquitas East vein, where average gold grades remained near 8.72 grams per tonne. Strong metal prices, stable third-party plant performance, and disciplined cost management also contributed to the record financial results. Ernest Mast, President and Chief Executive Officer commented: "Delivering record Net Profit Interest in April was an outstanding achievement. Surpassing that record again in May demonstrates the consistency and strength of our operation and the exceptional quality of the Callanquitas deposit. As we will shortly be commencing the company's largest exploration campaign ever, we anticipate continuing to identify high grade areas.Although construction of the new plant has experienced certain delays as we continue working constructively with local stakeholders and government authorities, our current mining and processing operations continue at full speed and are per...