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. reports developments tied to its precious-metals exploration, development and production platform in Peru. Recurring updates cover operating and financial results from the Nueva Recuperada Project, production activity at the Tangana Mining Unit, underground drilling and mine-development work at Blenda Rubia, and portfolio expansion through the Pampas gold-silver project.
Company news also includes capital-structure actions such as secured convertible debenture financings, board and governance changes, and operating plans for multiple mining fronts. The disclosures center on silver-polymetallic mineralization, processing performance, unit-cost trends, project development, and the funding used to support exploration, development capital and working capital.
Silver X Mining (OTCQX:AGXPF) reported record 2Q26 net operating revenue of $17.3 million, up 29% versus 1Q26 and 221% year-over-year, driven mainly by higher throughput and grades at the Nueva Recuperada Project. Adjusted EBITDA reached a record $6.9 million, while operating income rose to $7.5 million.
The company generated 2Q26 net income of $3.1 million, contributing to first-half 2026 net income of $7.7 million versus a $0.4 million loss in first-half 2025. Record quarterly throughput of 62,252 tonnes lifted AgEq production 57% quarter-over-quarter, while AISC per AgEq ounce fell 13% to $46.10. Silver X ended the quarter with $49.7 million in cash and $35.1 million of working capital, supported by a March 2026 issue of C$69.0 million senior secured convertible debentures. Management expects to reach a 1,000 tpd run rate in 3Q26 and is expanding drilling and project integration across its Peruvian multi-asset platform.
Silver X (OTCQX:AGXPF) has expanded its underground diamond drill program at the Red Silver Project (María Luz sector) in Peru from 1,200 to approximately 6,650 meters in two phases. The work follows high-grade channel sampling on the Silvia and Rossana veins, including 735 g/t Ag over 65 meters of strike and 649 g/t Ag over 40 meters.
The program aims to grow the current NI 43-101 Mineral Resource and upgrade portions of the 1.91 million tonnes of Inferred and 41,600 tonnes of Measured & Indicated resources, where supported by drilling. According to Silver X, Red Silver’s diluted mining inventory in the 2025 PEA is 892,534 tonnes at 13.83 oz/t (~430 g/t) Ag, with silver contributing over 90% of in-situ metal value. Drilling from existing underground workings about 8 km from the Nueva Recuperada plant is intended to keep exploration costs low and support the company’s district growth strategy.
Silver X (OTCQX:AGXPF) reported record quarterly production at its Nueva Recuperada project for 2Q26. Processed tonnage rose to 62,252 MT, up 39% quarter-over-quarter and 78% year-over-year, sustaining nominal plant capacity of about 750 MT per day.
Silver processed increased 40% QoQ and 75% YoY to 175,560 oz, while gold processed climbed 55% QoQ and 233% YoY to 2,204 oz. Silver equivalent reached 380,436 oz processed and 283,029 oz produced, up 50% and 57% QoQ. Underground development advanced 3,159 m, supporting future expansion. First-half 2026 output totaled about 634,000 AgEq oz processed and 463,000 AgEq oz produced, which Silver X views as consistent with its path toward approximately 6 million AgEq ounces annually by 2029.
Silver X Mining (OTCQB:AGXPF) appointed Joseph Gallucci to its Board of Directors, effective immediately. Gallucci is Managing Director and Head of Mining Investment Banking at Ventum Financial and has over 20 years of mining-focused capital markets and equity research experience.
He has raised several billion dollars for mining companies and advised on major M&A transactions. According to Silver X, his appointment supports its strategy to scale Peruvian production toward about 6 million AgEq ounces annually by 2029 and strengthen governance, capital markets access, and long-term value creation.
Silver X (OTCQB:AGXPF) acquired 100% of the Lily 19 concession, consolidating ownership of the Ccasahuasi gold project in the Nueva Recuperada district, Peru, for US$30,000.
Ccasahuasi hosts an Inferred Mineral Resource of 1,405,587 tonnes at 0.936 g/t Au (42,303 oz Au; 3.23 Moz AgEq), based on only 903.5 m of drilling, and lies about 1 km from the producing Tangana mine.
Silver X (OTCQX:AGXPF) reported new underground drilling results from the Blenda Rubia target at Nueva Recuperada in Peru. Hole DDH-BR-016 cut 104.20 m apparent (40.71 m true) at 98.7 g/t AgEq (69.53 g/t Ag, 0.87% Pb, 0.28% Zn, 0.02% Cu).
Higher-grade intervals include 4.12 m true width at 274.5 g/t AgEq in Vein 1 and 2.64 m at 172.1 g/t AgEq in Vein 3. The intercept sits about 60 m below historic workings, indicating down-dip continuity within a broader polymetallic corridor that could support wider mining fronts.
Silver X Mining (OTCQX:AGXPF, TSXV:AGX) reported record 1Q26 results from its Nueva Recuperada project, with net operating revenue of $13.4M (up 155% YoY) and net income of $4.6M. Operating income reached $7.0M and EBITDA was $6.1M.
Cash rose to $53.8M and total assets to $129.6M, supported by a $50.3M senior secured convertible debenture and the Pampas Gold-Silver Project acquisition. Higher realized silver ($91.39/oz) and gold ($5,131/oz) prices, improved grades, and a $38.15/oz AISC margin underpinned performance.
Silver X Mining (OTCQX:AGXPF) began trading on the OTCQX Best Market, upgrading from OTCQB and expanding access to U.S. investors. The company continues to trade on TSX Venture as AGX. Silver X operates the Nueva Recuperada Silver District in Peru, processing about 750 tonnes per day with a path to 1,000 tonnes.
Silver X (OTCQB:AGXPF) reported 2025 results from Nueva Recuperada showing margin expansion and an operational turnaround. Net operating revenue was $25.2M (+16% YoY); operating income was $5.8M versus a loss in 2024; adjusted EBITDA was $4.0M (4x 2024).
4Q25 revenue hit $9.6M (+65% YoY); the quarter included a $4.9M non-recurring provision that produced a net loss of $4.0M. The company targets ~1,000 tpd in 2026 and acquired the Pampas project to support growth toward ~6M AgEq oz by 2029.
Silver X Mining Corp (OTCQB:AGXPF) appointed Mark NJ Ashcroft, P.Eng., to its Board of Directors on April 17, 2026. Mr. Ashcroft brings approximately 40 years of mining engineering and public‑company leadership experience, including leading a C$51.75 million IPO.
The appointment is expected to strengthen the company's technical oversight, corporate governance, and capital markets capability as Silver X advances production growth, multiple mining fronts, and district‑scale plans in Peru.