PPX has Callanquitas revenue of $5.41M in September

Executive Summary

• PPX Mining Corp. reported its strongest monthly operational results for 2025 and the past 12 months for its Callanquitas mine in September 2025, surpassing the previous record set in July 2025.
• The company achieved a new monthly Net Profit Interest (NPI) of 4.81 million Peruvian new soles ($1.99 million), with cumulative 2025 NPI through September totaling 16.46 million Peruvian new soles ($6.80 million), exceeding the same period in the prior year.
• Development continues on the carbon-in-leach and flotation plant, which is expected to reduce mining, transportation, and processing costs while increasing production capacity.

Key Details

• September 2025 Operational Metrics:
  • Gross Revenues: 13.09 million Peruvian new soles ($5.41 million).
  • Pretax Income: 6.41 million Peruvian new soles ($2.65 million).
  • Net Profit Interest (NPI): 4.81 million Peruvian new soles ($1.99 million).
• Year-to-Date Performance (2025):
  • Cumulative NPI through September: 16.46 million Peruvian new soles ($6.80 million).
  • This total exceeds the cumulative NPI earned during the same period in the prior year.
• Project Updates:
  • The Callanquitas mine is operated by mining partner Proyectos La Patagonia SAC.
  • Construction of the carbon-in-leach and flotation plant is ongoing.
  • The new plant is designed to materially reduce mining, transportation, and processing costs and support increased production capacity.

Notable Quotes

• "September's record results are a clear demonstration of the strength and momentum of our Callanquitas operation. We are consistently setting new benchmarks, and, with our plant nearing completion, we expect further reductions in operating costs and increased production volumes. This is a pivotal moment for PPX as we move toward transforming operational success into sustained growth and long-term value creation for our shareholders." — John Thomas, Chief Executive Officer