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SILVER X MNG CORP - $AGXPF STOCK NEWS

Welcome to our dedicated page for SILVER X MNG news (Ticker: $AGXPF), a resource for investors and traders seeking the latest updates and insights on SILVER X MNG stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SILVER X MNG's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SILVER X MNG's position in the market.

Rhea-AI Summary

Silver X Mining Corp. reports strong Q4 2023 and year-end 2023 financial results. Q4 2023 saw cash costs of $18.22 per AgEq ounce produced, revenues of $4.3 million, and an operating loss of $1.0 million. FY 2023 generated revenues of $15.7 million with an operating loss of $2.6 million. Net loss before tax was $10.8 million in FY 2023. Despite challenges, Silver X remains optimistic about future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
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Rhea-AI Summary
Silver X Mining Corp. reports significant production growth in Q1 2024 at the Nueva Recuperada property in Peru. The company saw a 20% increase in mining tonnage from Q4 2023, a 3% rise in silver equivalent processing, and a 2% improvement in silver recovery rates. The CEO, Jose M. Garcia, highlighted the successful operational targets achieved, setting a positive outlook for future production volumes.
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Rhea-AI Sentiment
End-of-Day
2.55%
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Rhea-AI Summary
Silver X Mining Corp. successfully completes a $5,000,000 non-brokered private placement offering, closing the final tranche with gross proceeds of $3,891,884. The Company has placed a total of 27,777,776 units for capital expenditures, exploration, and potential acquisitions. Insiders, including CEO Jose M. Garcia and VP Sebastian Wahl, participated in the placement. Additionally, the Company settled $2,181,458 of debt through the issuance of 6,000,000 common shares at a price of C$0.499 per share.
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Rhea-AI Sentiment
End-of-Day
2.34%
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Rhea-AI Summary
Silver X Mining Corp. Increases Private Placement Size to C$5,000,000 at $0.18 per Unit for Capital Expenditures and Exploration in Peru
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.69%
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none
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Rhea-AI Summary
Silver X Mining Corp. announces a non-brokered private placement to raise up to $2,000,000 for capital expenditures, exploration, and potential acquisitions. The offering consists of 11,111,111 units at $0.18 per unit, with each unit comprising one common share and one-half of a share purchase warrant. Finders' fees of 6% cash and 6% finder's warrants may be payable. The proceeds will be used for the Nueva Recuperada Silver District project in Peru and potential asset acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
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Rhea-AI Summary
Silver X Mining Corp. prioritizes Plata Mining Unit as the next brownfield target in the Nueva Recuperada Silver District, showcasing strong exploration potential and significant inferred resources of silver, lead, and zinc. The company aims to leverage Plata's historical data and abundant veins to enhance production, positioning it as a key asset for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.7%
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Rhea-AI Summary
Silver X Mining Corp. announces a 193% increase in production for Q4 2023 and a successful restart of operations at Nueva Recuperada property. The company also implemented a shares for debt initiative to strengthen its balance sheet.
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Rhea-AI Sentiment
End-of-Day
1.66%
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Rhea-AI Summary
Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) grants 225,000 Restricted Share Units and 2,050,000 stock options to directors, officers, employees, and a consultant. Each Option will have an exercise price of C$0.265, and 250,000 Options will have a term of 3 years, with the remaining options having a term of 5 years.
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Rhea-AI Sentiment
End-of-Day
-0.83%
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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(FRA:AGX) reported its Q3 2023 financial results for the Nueva Recuperada Project in Central Peru. The company faced a decline in metal output, resulting in an operating loss of $0.8 million and a net loss before tax of $2.3 million. However, it successfully processed 230,444 oz AgEq in 45 days, generating revenues of $2.1 million.
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Rhea-AI Sentiment
End-of-Day
10.98%
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Rhea-AI Summary
Silver X Mining Corp. (AGX) announces a partnership with Maverix Metals Inc. to expand the royalty agreement covering the entire Tangana Mining Unit in Central Peru. The agreement includes a restructuring of the prior 3.0% NSR royalty to cover the entire Mine, with Triple Flag Precious Metals Corp. paying US$2,420,000 for the expanded royalty. Triple Flag also secures strategic rights with a Right of First Refusal and a Right of First Offer over future financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
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SILVER X MNG CORP

OTC:AGXPF

AGXPF Rankings

AGXPF Stock Data

32.56M
149.39M
29.19%
5.92%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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