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Financings

PPX Mining receives royalty payment from Silver Crown

By The Northwire Desk — AI Analysis Oct 16, 2025 · 21:05 PPX · 0.335 PPX Mining Corp.
PPX · Price

Executive Summary

  • PPX Mining Corp. received the final payment of US$637,000 from Silver Crown Royalties Inc. (SCR) under their silver royalty agreement, completing the second and final tranche of payments.
  • The receipt of these funds triggers an increase in the royalty percentage to a final total of 15% and increases the total payable ounces of silver to 225,000 ounces.
  • Proceeds from this payment will be utilized to support the ongoing construction of the carbon-in-leach and flotation plant at the company's Igor project in La Libertad, Peru.

Key Details

  • Payment Amount: US$637,000 (U.S.) received from Silver Crown Royalties Inc. (SCR).
  • Transaction Context: This payment represents the remainder of the second and final tranche payable by SCR to PPX under the silver royalty agreement originally entered into on Dec. 13, 2024, and amended on July 31, 2025.
  • Royalty Terms Update:
    • The royalty percentage has increased by an additional 3.9% to a final total of 15%.
    • The total payable ounces of silver have increased by 58,500 ounces to a final aggregate total of 225,000 ounces.
    • To date, PPX has paid 2,247 ounces of silver to SCR under the agreement.
  • Use of Proceeds: Funds will support the continuing construction of the carbon-in-leach and flotation plant at the Igor project.
  • Project Location: Igor project, located in La Libertad, Peru.
  • Related Documents: Previous details can be found in news releases dated Dec. 16, 2024, Feb. 6, 2025, and Aug. 1, 2023. The agreement is available on the company's SEDAR+ profile.

Notable Quotes

  • "This final payment from Silver Crown Royalties marks another milestone in the disciplined execution of our growth strategy. The funds further strengthen our balance sheet as we continue the construction of our processing plant at Igor. We're very pleased with the support from our partners and remain fully committed to advancing the project toward near-term production and creating value for all stakeholders." — John Thomas, Chief Executive Officer
Read the original news release →

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