PPX Mining Business Summary

PPX Mining Corp. (SNNGF) is a Canadian precious metals company specializing in the acquisition and development of gold and silver assets in northern Peru. The company’s primary revenue stream is derived from a Net Profit Interest (NPI) agreement at its 100%-owned flagship Igor Project, specifically the Callanquitas Mine, which achieved record annual NPI of PEN 38.1 million in 2025. PPX is currently executing a strategic shift from exploration to full-scale production, centered on the construction of its own gold and silver processing plant to internalize margins and enhance cash flow. In the competitive landscape of Andean junior producers, PPX maintains a high-growth position relative to peers like Bear Creek Mining Corporation, Solaris Resources Inc., and Silver Valley Metals Corp., recently emerging as the top-performing stock on the Bolsa de Valores de Lima with a 600% share price appreciation in 2025. The executive team is led by President and CEO Ernest Mast, a metallurgical engineer with over 35 years of experience and a pedigree that includes leadership roles at Primero Mining and Minera Panama. He works alongside Chief Operating Officer Dr. John Thomas, an experienced mine developer, and CFO Pompeyo Gallardo, who has managed the firm's fiscal operations since 2022. Governance is overseen by Chairman Brian Imrie, a veteran of the Canadian investment banking sector, and a board that includes Diego Bellido, a senior commodities executive from Glencore. The company’s strategic trajectory is significantly bolstered by Glencore’s 9.9% equity stake, which provides institutional validation and financial support as the firm targets the commencement of full-scale commercial production in 2026.