Star Metro - PPX Mining Sets New Monthly Operational Record for 2025

In September 2025, the Callanquitas operation generated 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 same 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 designed to enhance profitability and support increased production capacity, positioning PPX for its next phase of growth.

John Thomas, Chief Executive Officer, commented: "September's record results are a clear demonstration of the strength and momentum of our Callanquitas 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 sustained 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) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement:

This press release contains forward-looking information 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 many various factors. Such uncertainties and risks include, among others, delays in obtaining or inability to obtain required regulatory approvals in connection with this transaction. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur. The timing of events and circumstances and actual results could differ materially from those projected in the forward-looking 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.

SOURCE: PPX Mining Corp.

View the original press release on ACCESS Newswire

A.Bergeron--SMC