PPX Mining Corp. Reports Record July Performance at Callanquitas Mine

PPX Mining Corp. has achieved its strongest monthly operational results for the year in July 2025. The Callanquitas Mine, operated by Proyectos La Patagonia SAC, reported gross revenues of PEN 11.65 million, translating to CAD$ 4.53 million, with a pre-tax income of PEN 5.28 million or CAD$ 2.05 million. This marked an increase from June's record figures. Consequently, PPX's Peruvian subsidiary posted a Net Profit Interest (NPI) of PEN 3.96 million or CAD$ 1.54 million, establishing a new monthly record.

The cumulative NPI for 2025 up to July was PEN 9.06 million or CAD$ 3.53 million, surpassing last year's earnings for the same period. The construction of the CIL and flotation plant is advancing and is expected to reduce costs significantly, enhancing profitability and production capacity.

CEO John Thomas stated that July's performance underscores the operational momentum at Callanquitas, with cost reductions and production growth anticipated.