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PPX Mining ( (TSE:PPX) ) has issued an update.
PPX Mining Corp. and Silver Crown Royalties Inc. have amended the terms of their silver royalty agreement, originally set in December 2024, to split and extend the payment obligations of the second tranche. This amendment allows PPX to receive a partial payment of US$833,000 with the remaining US$637,000 due by December 31, 2025, which will aid in the construction of the Beneficiation Plant at the Igor project in Peru. The amendment also increases the royalty percentage and payable ounces of silver for SCR, with further increases contingent on the final payment. Additionally, the commencement date for SCR’s minimum silver royalty has been extended to March 31, 2026, aligning with the start of metallurgical operations.
More about PPX Mining
PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Its flagship project, Igor, is a gold and silver venture located in the Northern Peru gold belt in eastern La Libertad Department.
Average Trading Volume: 110,425
Technical Sentiment Signal: Buy
Current Market Cap: C$79.8M
For an in-depth examination of PPX stock, go to TipRanks’ Overview page.