Northwire Canada EditionFriday, July 17, 2026
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ZNX 0.080 +0.0% TSK 1.07 +1.9% SFR 0.370 +68.2% OMM 0.050 +0.0% EMO 0.340 −1.4% GGA 5.48 +3.4% MDM 0.060 +0.0% WGX 4.33 −2.3% FL 0.410 +0.0% SSRM 36.35 −0.0% CD 0.245 +6.5% GEN 0.065 −7.1% ALS 56.39 −1.9% LIFT 3.38 +7.3% NTR 94.10 −0.2% ICON 0.045 +0.0% ZNX 0.080 +0.0% TSK 1.07 +1.9% SFR 0.370 +68.2% OMM 0.050 +0.0% EMO 0.340 −1.4% GGA 5.48 +3.4% MDM 0.060 +0.0% WGX 4.33 −2.3% FL 0.410 +0.0% SSRM 36.35 −0.0% CD 0.245 +6.5% GEN 0.065 −7.1% ALS 56.39 −1.9% LIFT 3.38 +7.3% NTR 94.10 −0.2% ICON 0.045 +0.0%
Production / Operations Material +

PPX Mining Provides Operational and Corporate Update

PPX Mining Transitions to Producer Status as Glencore Backing and Record Profits Offset Lingering Plant Delays

By The Northwire Desk — AI Analysis Feb 11, 2026 · 08:00 PPX · 0.35 PPX Mining Corp.
Executive Summary

The most recent news release (February 11, 2026) reports record Net Profit Interest (NPI) results for the months of November and December 2025. November NPI reached CAD 2.9 million, while December set a new record at CAD 3.5 million. For the full calendar year 2025, the company generated CAD 15.3 million in NPI from its Callanquitas operation. Operationally, the company stated that its 350-tpd CIL and flotation processing plant is in the "final installation stages." Corporate leadership changes were also announced, with Brian Imrie stepping down from his executive role to serve as the non-executive Chairman of the Board.

Material Impact
  • Financial De-risking: The CAD 15.3 million in NPI for 2025 is a material improvement in the company's internal cash-generating capacity. This reduces the immediate pressure for dilutive equity raises to fund the remaining construction of the Igor plant.
  • Strategic Validation: The massive 600% share price performance in 2025 and the closing of the CAD 19.9 million strategic investment from Glencore Canada Corporation in December 2025 provide significant commercial and technical validation.
  • Plant Delays: While results are positive, the plant was originally projected to start commissioning by year-end 2025 (per news on Sept 24, 2025). The February update describes it as being in "final installation stages," indicating a modest schedule slip, which is a risk factor for a company in a high-growth phase.
  • Leadership Stability: The transition of Brian Imrie to a non-executive role, paired with the recent appointment of Ernest Mast as CEO, suggests the company is moving from a restructuring/financing phase into a steady-state production phase.
PPX · Price
Company Overview

PPX Mining Corp. is focused on the Igor Project in La Libertad, Peru. Its flagship asset is the Callanquitas Mine, which is currently producing high-grade gold and silver. Historically, the company relied on third-party toll milling, which incurred high transportation and processing costs. The current strategy is to transition to a fully integrated producer by completing its own 350-tpd CIL and flotation plant on-site, which is expected to significantly reduce OPEX and lower the cutoff grade for resources.

Read the original news release →

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