PPX Mining Reports Strong Q1 Results Amid Challenging Conditions

PPX Mining Corp. has announced robust results for Q1 2026 from its Callanquitas Mine in Peru, despite adverse weather and transportation issues. The company's revenue for the quarter was PEN 61.8 million (CAD$ 23.5 million), with a gross profit of PEN 43.8 million, yielding a 71% margin.

Pre-tax earnings reached PEN 42.8 million (CAD$ 16.3 million), and net income was PEN 31.1 million (CAD$ 11.8 million). PPX's net profit interest stood at PEN 23.3 million (CAD$ 8.9 million), indicating a solid start to the year.

The company's President, Ernest Mast, highlighted the strong operational momentum from 2025, emphasising their strategic focus on resource expansion and development, supported by a partnership with Glencore. The exploration efforts in 2026 will target both oxide and sulphide resources.