PPX Mining Reports Strong Operational Results FOR June 2025
NEWS RELEASE
PPX MINING REPORTS STRONG OPERATIONAL RESULTS FOR JUNE
2025
Toronto – August 11, 2025 – PPX Mining Corp. (TSX.V PPX; BVL PPX) (the “Company” or
“PPX”) is pleased to announce strong operational results for the month of June 2025 and provide
a summary of year-to-date performance at its Callan quitas Mine located at the Igor Project in
northern Peru.
Through its mining partner, Proyectos La Patagonia S.A.C. ("PLP"), the Callanquitas operation
generated record gross revenues for calendar 2025 o f PEN 11.62 million and pre-tax income of
PEN 5.14 million in June alone. As a result, PPX, through its Peruvian subsidiary, received a Net
Profit Interest (“NPI”) payment of PEN 3.9 million for this month — marking the strongest
monthly performance in calendar 2025 and in the previous 12 months.
Cumulative NPI for the 2025 calendar year through J une has reached PEN 5.10 million,
highlighting the robust cash-generating potential of the Igor Project.
These positive financial results were driven by fav orable gold and silver prices, despite elevated
operating costs related to selective high-grade min ing, high transportation expenses, and reliance
on third-party processing facilities. The Company e xpects a substantial reduction in these costs
once its own CIL and flotation plant — currently un der construction — begins operations. The
operation also overcame logistical and operational challenges caused by a particularly intense
rainy season during the first quarter of the year.
From a production standpoint, a total of 21,584 ton nes of ore have been mined year-to-date,
averaging 133 tonnes per day. The average gold equi valent grade during the period was 6.77 g/t
(gold 6.49 g/t and silver 41.6 g/t), resulting in t he extraction of 3,690 gold equivalent ounces to
date with an average gold price of US$ 3,100.29 and an average silver price of US$ 32.50.
PPX expects continued strong operational and financial performance for the remainder of 2025, as
the Company advances its strategy to expand production capacity and optimize operating margins.
John Thomas, Chief Executive Officer of PPX Mining Corp., commented - "We are very pleased
to report such strong results, which reflect operat ional discipline and a growing understanding of
the underground structure at Callanquitas. As our geological knowledge improves through ongoing
exploration activities, we are increasingly able to mine more efficiently and plan for scalable
growth. Once our CIL and flotation plant becomes op erational, we anticipate an increase in
production volumes by eliminating the need for sele ctive mining - lowering mining costs,
substantially reducing transportation expenses and eliminating third-party processing charges."
All scientific and technical information in this pr ess release has been reviewed and approved by John
Thomas, P. Eng., who is the CEO of the Company and a qualified person under the definitions established
by National Instrument 43-101.
On behalf of the Board of Directors
John Thomas
Chief Executive Officer
82 Richmond Street East
Toronto, Ontario M5C 1P1
Canada
416-361-0737
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accept s responsibility for the adequacy or
accuracy of this release.
Cautionary Statement:
This press release contains forward-looking informa tion and forward-looking statements
(collectively, “ forward-looking statements ”) as such terms are defined by applicable securities
laws, including, but not limited to statements rega rding test results, future plans or management
estimates. Forward-looking statements are statements that relate to future events. In this context,
forward-looking statements often address expected future business and financial performance and
often contain words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend,”,
statements that an action or event “may,” “might,” “could,” “should,” or “will” be taken or occur,
or other similar expressions. Forward-looking state ments are subject to a number of known and
unknown risks and uncertainties, many of which involve factors or circumstances that are beyond
the Company’s control, and the Company’s actual results could differ materially from those stated
or implied in forward-looking statements due to man y various factors. Such uncertainties and
risks include, among others, delays in obtaining or inability to obtain required regulatory
approvals in connection with this transaction. Alth ough the Company believes that the
expectations reflected in the forward-looking state ments are reasonable, the Company cannot
guarantee that the events and circumstances reflect ed in the forward-looking statements will be
achieved or occur. The timing of events and circums tances and actual results could differ
materially from those projected in the forward-look ing statements. Accordingly, one should not
place undue reliance on forward- looking statements . All forward-looking statements contained
in this press release are made as of today’s date, and the Company undertakes no obligation to
update or publicly revise any forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by law.