PPX Mining Sets New Monthly Operational Record FOR 2025
NEWS RELEASE
PPX MINING SETS NEW MONTHLY OPERATIONAL RECORD FOR 2025
Toronto – October 27, 2025 – PPX Mining Corp. (TSX. V: PPX; BVL: PPX) (“PPX” or the
“Company”, including its Peruvian subsidiaries) is pleased to report that September 2025 delivered
the Company’s strongest monthly operational results of the year and the past 12 months, surpassing
the previous record achieved in July 2025 at its Callanquitas Mine, operated by its mining partner,
Proyectos La Patagonia SAC.
In September 2025, the Callanquitas operation gener ated gross revenues of PEN 13.09 million
(CAD$ 5.41 million) (1) and pre-tax income of PEN 6.41 million (CAD$ 2.65 million) (1) , setting a
new Company record. As a result, PPX, through its Peruvian subsidiary, earned a NPI of PEN 4.81
million (CAD$ 1.99 million) (1) , marking the highest monthly NPI achieved to date.
Cumulative NPI earned by PPX for the 2025 calendar year through September now totals PEN
16.46 million (CAD$ 6.80 million) (1) , already exceeding the total earned during the sam e period
in the prior year. This strong performance reflects the growing cash-generating capacity of the
Company’s flagship Igor Project.
On the development front, PPX continues to advance the construction of its CIL and flotation
plant, which is expected to materially reduce mining, transportation, and processing costs once in
operation. This key infrastructure investment is de signed to enhance profitability and support
increased production capacity, positioning PPX for its next phase of growth.
John Thomas, Chief Executive Officer, commented: “S eptember’s record results are a clear
demonstration of the strength and momentum of our C allanquitas 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 sustai ned growth and long-term value creation for
our shareholders.”
(1) Foreign Exchange: 1 CAD$ = 2.42 PEN
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 regarding 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 statements 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.