PPX Mining Receives US$637,000 Payment from Silver Crown Royalties

PPX Mining Corp. has announced the receipt of a US$637,000 payment from Silver Crown Royalties Inc. This payment represents the last tranche of the silver royalty agreement established between the two companies on December 13, 2024. The funds will support the ongoing construction of a carbon-in-leach and flotation plant at PPX's Igor project in La Libertad, Peru.

With the latest payment, the royalty percentage increases by 3.9%, bringing it to a total of 15%. The total silver ounces payable also rise by 58,500 ounces, reaching an aggregate of 225,000 ounces. To date, PPX has paid 2,247 ounces out of this total.

John Thomas, the CEO of PPX, emphasized that this final payment strengthens PPX's financial stance, aiding the construction efforts and supporting the company's commitment to progress toward production.