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Silver X Mining Corp. - $AGXPF STOCK NEWS

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

Silver X Mining Corp. (TSX-V:AGX, OTCQB:AGXPF, F:AGX) is a rapidly expanding developer and producer of silver-based assets, strategically located in the Americas. The company operates the +20,000-hectare Nueva Recuperada Silver District in Central Peru, a resource-rich area that yields silver, gold, lead, and zinc. Silver X focuses on consolidating undervalued assets and increasing production to deliver exceptional value to stakeholders.

The cornerstone of Silver X's operations is the Tangana Mining Unit within the Nueva Recuperada Silver District. This unit has recently demonstrated significant operational growth. In the first quarter of 2024, Silver X reported a substantial increase in mining tonnage by 20% from Q4 2023 and achieved silver equivalent processing of 363,795 oz AgEq. The company's commitment to improving operational efficiency was evidenced by a notable enhancement in silver recovery rates, reaching an average of 89.2%.

Financially, Silver X has shown resilience and growth. The company generated revenues of $4.8 million in Q1 2024 with cash costs of $15.36 per AgEq ounce produced and an All-In Sustaining Cost (AISC) of $21.36 per AgEq ounce. This financial stability is partly due to a successful non-brokered private placement that raised aggregate gross proceeds of C$5,000,000. The proceeds are earmarked for capital expenditures and exploration projects, particularly in the Nueva Recuperada Silver District, and potential acquisition of new assets.

Under the leadership of CEO José M. Garcia and Vice President, Corporate Development, Sebastian Wahl, the company has been committed to not just economic growth but also social and environmental excellence. The Nueva Recuperada Project, despite its ongoing development, has already begun yielding promising results without the need for a preliminary economic assessment, showcasing the project's inherent potential.

Silver X's latest achievements include closing the second and final tranche of its private placement offering, placing over 27 million units for gross proceeds of $5 million, improving production outputs, and enhancing recovery rates. The company is set to continue its trajectory of growth, with strategies to replicate its Q1 successes in future quarters.

For more detailed information about Silver X Mining Corp., visit their official website: www.silverxmining.com.

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Silver X Mining reported its Q1 2024 financial results for the Nueva Recuperada Project. The company generated $4.8 million in revenue, with a positive EBITDA of $0.3 million and adjusted EBITDA of $0.4 million. Production costs were $15.36 per silver equivalent ounce, and all-in sustaining costs were $21.36 per ounce. Despite a net loss of $0.9 million before tax, this was an improvement from the $1.1 million loss in Q1 2023. Operating income was $6,000, with production at 363,795 ounces. The company's cash reserves decreased by $0.2 million, and a recent private placement raised C$5.0 million. The CEO anticipates continued performance improvements throughout 2024.

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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.

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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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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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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
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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.
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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.
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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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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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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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FAQ

What is Silver X Mining Corp.?

Silver X Mining Corp. (TSX-V:AGX, OTCQB:AGXPF, F:AGX) is a rapidly expanding developer and producer of silver-based assets in the Americas, primarily operating in the Nueva Recuperada Silver District in Central Peru.

What are the main products of Silver X?

Silver X produces silver, gold, lead, and zinc from the Nueva Recuperada Silver District's Tangana Mining Unit.

What recent financial achievements has Silver X reported?

In Q1 2024, Silver X generated $4.8 million in revenues with cash costs of $15.36 per AgEq ounce produced and an AISC of $21.36 per AgEq ounce.

What are the latest operational highlights for Silver X?

Silver X reported a 20% increase in mining tonnage and a 3% increase in silver equivalent processing, achieving 363,795 oz AgEq in Q1 2024.

What significant activities did Silver X undertake in recent months?

Silver X completed a non-brokered private placement, raising C$5,000,000 for capital expenditures, exploration projects, and potential asset acquisitions.

Who are the key executives of Silver X?

The key executives include CEO José M. Garcia and Vice President, Corporate Development, Sebastian Wahl.

Where can I find more information about Silver X?

More detailed information about Silver X can be found on their official website: www.silverxmining.com.

What is the mission of Silver X Mining Corp.?

Silver X aims to be a premier silver company delivering outstanding value to all stakeholders by consolidating undervalued assets, increasing production, and achieving social and environmental excellence.

What is the Nueva Recuperada Silver District?

The Nueva Recuperada Silver District is a +20,000-hectare resource-rich area in Central Peru owned by Silver X, known for producing silver, gold, lead, and zinc.

What is the significance of the Tangana Mining Unit?

The Tangana Mining Unit is a key operational site within the Nueva Recuperada Silver District, demonstrating significant growth in production and efficiency, making it integral to Silver X's business operations.

Silver X Mining Corp.

OTC:AGXPF

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32.56M
149.39M
29.19%
5.92%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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