PPX Mining Corp. announces that it has engaged Asesores y Consultores Mineros S.A., to prepare the application to modify the existing Semi-detail Environmental Impact Study for a processing plant to treat ore from the Callanquitas mine, located in the Company's Igor 4 concession. A Peruvian subsidiary of the Company is currently permitted to build a heap leach beneficiation plant, but after a careful inhouse review [...]
PPX Mining Corp. announces that it has entered into an agreement with an arm's length creditor, as a former employee of the Company to restructure a US$621,128.51 promissory note due on March 31, 2023, that accrues interest at an annual rate of 10%, according to the following terms: the Company will pay to the Creditor US$125,000 in cash and issue to the Creditor 7,306,425 common shares of the Company , at a deemed issue [...]
PPX Mining Corp. is pleased to announce the voting results from the Company's Annual General and Special Meeting of Shareholders held on December 16, 2022 at 82 Richmond Street East, Toronto Ontario, Canada. Shareholders voted in favour of all agenda items, being the following: Re-appointment of Brian Imrie, John Menzies, Florian Siegfried, John Thomas and Fernando Pickmann Dianderas as directors of the Company [...]
PPX Mining Corp. announces that it has entered into binding commitments with certain arm's length and non?arm's length creditors of the Company to settle US$2,194,017 of outstanding debt through the issuance of common shares of the Company . Recognizing the need to preserve capital and improve the Company's working capital, the Company has agreed issue an aggregate of 108,700,842 Common Shares at a deemed issue price of [...]
PPX Mining Corp. announces the appointment of Mr. Brian Imrie as Executive Chairman of PPX from his current position of Chairman, effective immediately. As part of the Company's growth plans, Mr. Imrie will assume a more active role in PPX's management decisions, assisting the Company with the execution of short and long-term goals. The Board of directors of PPX welcomes Mr. Imrie's decision to accept this responsibility [...]
PPX Mining Corp. announces the resignation of Mr. Brian Maher as Chief Executive Officer and director of PPX and the appointment of Dr. John Thomas as its Interim Chief Executive Officer of PPX effective immediately. Dr. Thomas has over 49 years of experience in the mining industry. He is currently a Board member of PPX and has wide experience, including process development, engineering, project management, mine [...]
PPX Mining is pleased to announce the appointment of Mr. Pompeyo Gallardo as its Chief Financial Officer, effective immediately. Mr. Gallardo has over 27 years of experience in corporate finance, with particular strengths in budgeting and control, project structuring, financial modelling and analysis. He is a former senior credit risk manager at Scotiabank, a former financial analyst at CIBC, a former CFO at Chieftain [...]
PPX Mining is pleased to announce that during the Second Quarter of Fiscal 2022, 3,294 oz of gold and 38,676 oz of silver were produced from ore mined at Mina Callanquitas generating Cdn$1,269,420 in Net Profit Interest Income. Ore production sold from Mina Callanquitas totalled 11,815 tonnes grading 12.52 gpt gold during the three-month period. Details are set out in the table below: Period Net Profit Interest Income [...]
PPX Mining Corp. is pleased to announce that during the First Quarter of Fiscal 2022, 3,035 ounces of gold and 27,446 ounces of silver were produced from ore mined at Mina Callanquitas generating Cdn$651,639 in Net Profit Interest Income. Ore production sold from Mina Callanquitas totalled 14,387.4 tonnes grading 9.37 gpt gold during the three-month period. Details are set out in the table below: Period Net Profit [...]
PPX Mining Corp. is pleased to announce that development work by its mining partner Proyectos la Patagonia S.A.C. on the 3190 level of the underground Mina Callanquitas during 2021 cut a high-grade gold and silver mineralized shoot within the previously defined reserves for Mina Callanquitas . Systematic underground channel sampling, part of PLP's normal grade control protocol, outlined a high-grade mineralized shoot over [...]
PPX Mining is pleased to announce that it has completed its previously announced non-brokered private placement pursuant to which the Company issued 3,583,000 common shares in the capital of the Company at a price of CDN$0.06 per Common Share for gross proceeds to the Company of CDN$214,980. The net proceeds of the Private Placement will be used for general working capital purposes. In connection with the Private [...]
PPX Mining is pleased to announce a non-brokered private placement offering of up to 3,583,000 common shares of the Company at a purchase price of CDN$0.06 per share to raise gross proceeds of up to CDN$214,980. Subject to TSXV acceptance, the Company may pay finder's fees of cash or Shares, or a combination thereof, to certain arm's length finders. The Company intends to use the proceeds from the Private Placement for [...]
