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PPX Mining ( (TSE:PPX) ) has provided an update.
PPX Mining Corp. has advanced permitting for an electrical transmission line that will connect its Igor Project processing plant in Peru to the public medium-voltage grid. The company has secured approval of the detailed electrical engineering and obtained a certificate confirming there are no archaeological remains in the project area.
The planned 6.3-kilometre line will link the plant to a grid connection point in Huaranchal, following completion of government-led upgrades to about 50.93 kilometres of regional medium-voltage infrastructure. Access to grid power is expected to lower operating costs, reduce reliance on diesel, and shrink the project’s environmental footprint, potentially enhancing the long-term economics and sustainability of the Igor operation.
More about PPX Mining
PPX Mining Corp. is a Toronto-based mining company listed on the TSX Venture Exchange and the Lima Stock Exchange that is advancing the Igor Project in La Libertad, Peru. The company focuses on developing and operating its Igor processing plant, with a view to improving economics and sustainability through infrastructure upgrades and access to grid power.
Average Trading Volume: 172,705
Technical Sentiment Signal: Buy
Current Market Cap: C$251.4M
See more insights into PPX stock on TipRanks’ Stock Analysis page.