PPX Mining Corp. (PPX) Financings
TSXV: PPX · Gold, Silver · Development stage
- Market cap$199.4M
- Share price$0.220
- 52-week range$0.150 – $0.410
- Shares outstanding906,360,109
- ExchangeTSXV
- Websitewww.ppxmining.com
PPX Mining Corp. is a Canadian-based mining company with assets in northern Peru. Igor, the Company's 100%-owned flagship gold and silver project, is located in the prolific Northern Peru gold belt in eastern La Libertad Department. PPX is focused on disciplined growth, responsible development, and long-term value creation for shareholders and local stakeholders.
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PPX Mining Corp. financial statements
Key figures read from 38 of 38 financial statement filings, Jan 30, 2017 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$5,157,014 | C$3,032,136 | C$803,751 | C$2,090,703 | C$336,242 |
| Total current assets | C$10,191,532 | C$3,290,439 | C$2,356,572 | C$2,686,278 | C$546,265* |
| Total current liabilities | C$13,669,805 | C$1,859,065 | C$2,487,831 | C$13,935,492 | C$11,964,142 |
| Working capital | (C$3,478,273) | C$1,431,374 | (C$131,259) | (C$11,249,214) | (C$11,417,877) |
| Exploration and evaluation assets | C$10,905,636 | C$9,841,271 | C$8,819,586 | C$7,696,580 | C$8,300,247 |
| Property, plant and equipment | C$11,522,399 | C$1,579,603 | C$1,444,765 | C$1,378,477 | C$1,518,110 |
| Total assets | C$32,619,567 | C$14,711,313 | C$12,620,923 | C$11,761,335 | C$10,364,622 |
| Debt | C$11,771,447 | C$7,352,261 | C$5,086,098 | — | C$3,145,090 |
| Total liabilities | C$53,271,589 | C$14,485,386 | C$10,995,077 | C$14,357,323 | C$1,854,731 |
| Shareholders' equity | (C$20,652,022) | C$225,927 | C$1,625,846 | (C$2,595,988) | (C$3,454,251) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$375,261 | C$760,029 | C$787,644 | C$1,205,172 | C$1,043,115 |
| Share-based compensation | C$165,289 | C$968,430 | C$403,286 | C$407,735 | — |
| Impairments and write-downs | — | — | — | — | (C$343,532) |
| Net income (loss) | (C$26,755,793) | (C$5,327,034) | C$247,859 | C$299,484 | (C$2,385,200) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$3,972,774) | (C$1,598,377) | (C$5,000,000) | (C$4,820,631) | (C$1,721,000) |
| Investing cash flow | (C$2,610,737) | C$876,951 | C$6,139,906 | C$7,302,729 | C$1,895,963 |
| Financing cash flow | C$8,639,001 | C$2,929,181 | (C$2,421,917) | (C$526,527) | (C$26,307) |
| Exploration spending (capitalized) | (C$1,258,673) | (C$1,028,224) | — | — | — |
| Property, plant and equipment spending | (C$8,581,719) | (C$143,907) | (C$135,061) | (C$39,403) | — |
| Change in cash | C$2,124,878 | C$2,231,498 | (C$1,284,942) | C$1,754,461 | C$307,566 |
| Cash at end of period | C$5,157,014 | C$3,037,259 | C$805,761 | C$2,090,703 | C$336,242 |
PPX Mining Corp. financings
2 financings announced or closed by PPX Mining Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-06 | PPX Mining Corp. (PPX) | Private placement | Closed, 1 tranche | $19.9M | $0.237 | PPX Signs Binding Letter of Intent with Glencore for Strategic Investment, Offtake and Technical Collaboration |
| 2025-08-22 | PPX Mining Corp. (PPX) | Private placement, non-brokered | Closed, 1 tranche | $2.6M | $0.115 | PPX Mining Announces Private Placement for up to C$1,495,000 |
PPX Mining Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments PPX Mining Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-06-15 | Convertible debenture, converted | — | US$1.22M | 5%, matures 2026-02-21 |
| 2024-04-23 | Convertible debenture, converted | RIVI OPPORTUNITY FUND LP | US$500,000 | 5% |
| 2024-01-02 | Credit facility, signed | — | US$6M | — |
| 2023-07-26 | Loan, repaid / settled | — | US$26,928 | — |
| 2023-07-11 | Loan, repaid / settled | — | US$26,928 | 12% |
| 2023-02-17 | Loan, repaid / settled | — | US$146,129 | 12% |