PPX Mining Corp. Reports Strong Results from Callanquitas Operation

PPX Mining Corp., based in Toronto, has announced the operating results for its Callanquitas operation in Peru for the first nine months of 2026. The operation reported revenue of CAD$ 78.5 million and a gross profit of CAD$ 48.7 million. The operating profit was CAD$ 47.0 million, with income before taxes reaching CAD$ 47.3 million.

PPX's Net Profit Interest (NPI) amounted to CAD$ 32.4 million, reflecting its 75% share under the agreement with mining partner Proyectos La Patagonia S.A.C. Despite achieving a gross margin of 62.0% and an operating margin of 59.9%, challenges remain in completing regulatory procedures for commercial production at the project’s processing plant.

The company continues development of its 350-tonne-per-day processing plant and undertakes additional exploration activities at Callanquitas and Portachuelos. CEO Ernest Mast highlighted the record revenue and ongoing advancements as positive developments for the Igor Project.