Northwire Canada EditionFriday, November 13, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Other

PPX Mining Appoints Ernest Mast as President and CEO and Announces Stock Option Grants

By The Northwire Desk — AI Analysis Dec 22, 2025 · 08:00 PPX · 0.295 PPX Mining Corp.
PPX · Price

Executive Summary

  • Ernest Mast appointed President and Chief Executive Officer effective 12 Jan 2026, bringing 35 years of senior mining experience.
  • Interim CEO John Thomas transitions to Chief Operating Officer, continuing oversight of the Callanquitas processing plant construction and commissioning.
  • The Company granted 3,450,000 stock options (CAD $0.295 exercise price, exercisable through 22 Dec 2035) to key management of its Peruvian subsidiaries under a rolling 10% equity incentive plan.

Key Details

  • CEO Appointment: Ernest Mast will assume the President & CEO role on 12 Jan 2026; his background includes leadership at Cygnus Metals, Doré Copper Mining, Primero Mining, and Minera Panama.
  • COO Transition: John Thomas moves from Interim CEO (since Q3 2022) to Chief Operating Officer, focusing on execution, construction readiness, and ramp‑up of the Callanquitas processing plant.
  • Strategic Context: Appointment follows Glencore’s strategic acquisition of a 9.9% equity interest in PPX, providing additional funding for advancing toward commercial production in 2026.
  • Stock Option Grant: 3,450,000 options issued to key Peruvian subsidiary managers; each option allows purchase of one common share at CAD $0.295, vesting immediately, exercisable until 22 Dec 2035.
  • Equity Incentive Plan: Grants made under the Company’s rolling 10% equity incentive plan approved by shareholders on 18 Dec 2025.

Notable Quotes

“We are delighted to welcome Ernest Mast as President and Chief Executive Officer… With Glencore now as a strategic shareholder and construction well advanced, Ernie's leadership will be instrumental as we advance toward commissioning and commercial production.” – Brian Imrie, Executive Chairman

Read the original news release →

More from PPX Mining Corp.

Nov 11, 2026 · 08:00

PPX’s record 9 million ounces of nickel processed in the nine-month period masked a quarterly margin decline to approximately 58 percent.

Other Nov 09, 2026 · 12:00

PPX clears balance sheet liabilities through debt-to-equity conversion, though dilution and going concern risks persist.

Financings Nov 02, 2026 · 11:00

PPX Mining initiates permitting for the Igor processing plant in Peru.

Production / Operations Oct 29, 2026 · 17:00

PPX settled royalty debt by issuing equity at $0.24 per share, preserving cash flow.

Financings Oct 27, 2026 · 10:00

PPX confirmed a tension vein Ag-Au zone and wide oxide hits below cutoff at its project deposit.

Drill Results Sep 15, 2026 · 11:00

PPX reports high-grade Au-Ag-Cu infill and step-out drilling at the Tension vein, falling below the 2024-25 bonanza anchor.

Drill Results