PPX Mining
PPX Mining Corp. is a Canadian-listed junior producer (TSX.V:PPX.V) operating the underground Callanquitas gold-silver mine in northern Peru as a 75% joint venture, with district-scale exploration upside across the Igor Project and a processing plant under construction to replace third-party toll milling.
- Company typePublic
- Founded2005
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What PPX Mining does
PPX Mining Corp. (formerly Peruvian Precious Metals Corp.) is a Canadian-domiciled, publicly listed junior mining company (TSX.V:PPX.V; BVL:PPX) focused on acquiring, exploring, evaluating, and operating mineral properties in northern Peru. Its flagship asset is the Igor Project, a district-scale gold and silver land package exceeding 1,400 Ha located in the prolific Northern Peru gold belt in the La Libertad Department. The operating core of the business is the Callanquitas Mine, an underground operation exploiting high-grade oxidized gold and silver ore, conducted as a 75% joint venture with Proyectos La Patagonia S.A.C. (with JV ownership increasing to 80% upon completion of the company-owned processing plant).
The company's resource base, as published in its 2024 technical disclosure, comprises 663,700 tonnes of Measured & Indicated material at 4.7 g/t AuEq and 759,900 tonnes of Inferred material at 4.63 g/t AuEq. To date, PPX has produced 47,500 ounces of gold and 452,000 ounces of silver since 2021 via contract mining and third-party toll milling. The construction of an owned process plant — featuring a geotube-based tailings management system that recycles process water and eliminates the need for a conventional tailings dam — is intended to reduce unit costs, improve recoveries, and unlock sulfide mineralization that current toll arrangements cannot process.
PPX generates revenue by selling gold and silver into global commodity markets through refiners, bullion traders, and streaming/offtake arrangements (notably an offtake with Glencore and a gold and silver purchase agreement with RIVI Opportunity Fund). Pricing is commodity-driven and market-determined by global gold and silver spot prices. The customer set is institutional and concentrated (Glencore and streaming partners are also equity holders), and the company has reported PEN 61.8 million (CAD$23.5 million) in Q1 2026 revenue with an approximate 71% gross margin from the Callanquitas operation. Capital partners include Glencore (9.9% owner post-C$20M CAD investment) and RIVI Opportunity Fund (long-term debenture holder at approximately 5.46% of issued shares after multiple conversions).
PPX Mining firmographics
Firmographics- Name
- PPX Mining
- Legal name
- PPX Mining Corp.
- Website
- https://ppxmining.com
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PPX Mining Corp. is a Canadian-listed junior producer (TSX.V:PPX.V) operating the underground Callanquitas gold-silver mine in northern Peru as a 75% joint venture, with district-scale exploration upside across the Igor Project and a processing plant under construction to replace third-party toll milling.
- Ownership category
- akta.pro rank
PPX Mining industry classification
Industry- Product category
- Gold and Silver Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where PPX Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
PPX Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Others
Revenue model
- Gold and Silver Production: PPX Mining generates revenue through the extraction and sale of gold and silver from its Callanquitas Mine. Since 2021 up to September 2025, the company has produced 47,500 ounces of gold and 452,000 ounces of silver via contract mining and third party toll milling. The company sells its gold and silver products to commodities markets, with some production potentially subject to streaming arrangements with financial partners.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
PPX Mining product offering
Product offeringCore offering
PPX Mining Corp. extracts and sells gold and silver produced from its underground Callanquitas Mine in Northern Peru, operated as a 75% joint venture with Proyectos La Patagonia S.A.C. The company's principal asset is the district-scale Igor Project, encompassing the operating Callanquitas Mine and exploration targets at Portachuelos, Domo, and Tesoros. Since 2021 the operation has produced 47,500 ounces of gold and 452,000 ounces of silver via contract mining and third-party toll milling, with the company currently building its own processing plant to reduce costs, raise JV ownership to 80%, and improve recoveries.
Product overview
PPX Mining is a Canadian-based mining company operating underground gold and silver mines in northern Peru. The company's core product is the Igor Project, a district-scale gold and silver project consisting of the operating Callanquitas Mine (75% JV with Proyectos La Patagonia S.A.C.), the Callanquitas Extension, Portachuelos exploration area, and other exploration targets including Domo and Tesoros. The company is building its own Process Plant near the mine to replace third-party toll milling, which upon completion will reduce costs, increase JV ownership to 80%, and improve recoveries. The company has published resources of 663,700 tonnes of Measured and Indicated at 4.7 g/t AuEq and 759,900 tonnes of Inferred at 4.63 g/t AuEq.
Differentiator
Problem solved
Functional benefit
Products and services
- Igor Project Flagship district-scale gold and silver project of PPX Mining located in the Northern Peru gold belt in the eastern La Libertad Department. The project encompasses the operating Callanquitas Mine, the Callanquitas Extension, the Portachuelos exploration area, and other exploration targets, supported by published resources of 663,700 tonnes at 4.7 g/t AuEq (Measured & Indicated) and 759,900 tonnes at 4.63 g/t AuEq (Inferred). It is sold to refiners, traders, and streaming partners as gold and silver doré and concentrate.
- Callanquitas Mine Operating underground mine within the Igor Project that exploits high-grade, underground-minable oxidized gold and silver ore. Operated as a 75% joint venture with Proyectos La Patagonia S.A.C., it is the primary producing asset of PPX Mining and the source of all of the company's gold and silver production to date.
Quantifiable outcome
- 71% gross margin on Q1 2026 operations generating CAD$23.5 million in revenue
Companies that use PPX Mining
Customer profileSegments1 record
Ideal customer profiles2 records
PPX Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
PPX Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Proyectos La Patagonia S.A.C.coreProyectos La Patagonia S.A.C. is a 75% owned joint venture partner in the Callanquitas Mine operations. PPX operates as the 75% owner in the joint venture, with Proyectos La Patagonia holding the remaining interest. The JV also includes Sienna Minerals S.A.C. and Agraria Huaranchal S.A.C. as subsidiaries.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
PPX Mining competitors and assessment
Company assessmentDirect peers
- Hochschild Mining: Hochschild Mining is a precious-metals producer headquartered in Peru with operating underground gold and silver mines in the same Northern Peru belt. Business model, geology, and commodity mix are closely aligned with PPX Mining's Callanquitas operations.
- Compañía de Minas Buenaventura: Buenaventura is Peru's largest domestically listed precious-metals miner with multiple gold and silver mines across Peru. It is the most established Peruvian counterpart to PPX Mining, sharing geology, jurisdiction, and commodity exposure.
- Dynacor Gold Mines: Dynacor is a Canadian-listed junior gold producer that historically processed ore through toll-milling arrangements in Peru and is transitioning to its own mill — closely mirroring PPX's vertical-integration trajectory and operational footprint in the same country.
- Fortuna Silver Mines: Fortuna Silver Mines is a mid-tier precious-metals producer operating gold and silver mines across Latin America (Peru, Mexico, Argentina). It shares PPX Mining's commodity focus, Latin American jurisdiction mix, and underground mining profile.
- Inca One Gold (now Peruvian Metals Corp.): Inca One / Peruvian Metals is a Canadian junior that operates gold-processing/toll-milling facilities in Peru and is shifting toward mining. The asset base, jurisdiction, toll-milling model, and size-tier are highly comparable to PPX Mining.
Broad incumbents
- Pan American Silver: Pan American Silver is a major silver and gold producer with multiple Peruvian operations (including the Huaron and Morococha mines) and a globally diversified portfolio. It overlaps with PPX on Peruvian precious-metals production but at significantly larger scale.
- Newmont Corporation: Newmont is the world's largest gold mining company, with significant operations including in Peru (Yanacocha, Conga). It overlaps with PPX Mining as a broad incumbent in Peruvian gold mining but is many orders of magnitude larger.
- Barrick Gold Corporation: Barrick Gold is one of the largest gold producers globally with major Peruvian exposure (Lagunas Norte, Pierina). It is a broad incumbent operating in the same precious-metals space and Northern Peru belt as PPX Mining.
Emerging players
- MAG Silver: MAG Silver is a Canadian-listed precious-metals developer focused on high-grade silver and gold assets in Mexico. It is comparable as a precious-metals junior developer with a flagship project and minority joint-venture partner (similar to PPX's JV structure with Proyectos La Patagonia).
- SilverCrest Metals: SilverCrest Metals is a Canadian junior that transitioned from explorer to producer at its Las Chispas silver-gold mine in Mexico. It is comparable as a high-grade precious-metals junior that built and now operates its own processing facility.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
PPX Mining social profiles
Digital presencePPX Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
PPX Mining leadership team
Management profileNumber of profiles
Profiles12 records
PPX Mining subsidiaries and ownership
Company hierarchySubsidiaries3 records
PPX Mining funding detail
Funding detailFunding overview
Funding rounds7 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PPX Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PPX Mining
What does PPX Mining do?
PPX Mining Corp. extracts and sells gold and silver produced from its underground Callanquitas Mine in Northern Peru, operated as a 75% joint venture with Proyectos La Patagonia S.A.C. The company's principal asset is the district-scale Igor Project, encompassing the operating Callanquitas Mine and exploration targets at Portachuelos, Domo, and Tesoros. Since 2021 the operation has produced 47,500 ounces of gold and 452,000 ounces of silver via contract mining and third-party toll milling, with the company currently building its own processing plant to reduce costs, raise JV ownership to 80%, and improve recoveries.
Is PPX Mining a public or private company?
PPX Mining is a public company. It is classified as public and is currently operating.
When was PPX Mining founded?
PPX Mining was founded in 2005. It employs 1 to 10 people.
Where is PPX Mining based?
PPX Mining is headquartered in Vancouver, Canada, in the North America region.
How does PPX Mining make money?
One revenue line is on record: gold and Silver Production.
Who are PPX Mining's main competitors?
Direct peers on record are Hochschild Mining, Compañía de Minas Buenaventura, Dynacor Gold Mines, Fortuna Silver Mines and Inca One Gold (now Peruvian Metals Corp.). Broad incumbents are Pan American Silver, Newmont Corporation and Barrick Gold Corporation. Emerging players are MAG Silver and SilverCrest Metals.
Does PPX Mining have an API?
No public API is recorded for PPX Mining.
What industry is PPX Mining in?
PPX Mining's product category is Gold and Silver Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAD, Precious Metals Ore Processing & Beneficiation. Its NAICS code is 21222 and its SIC code is 1040.