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 Corp. (TSXV:AGX)(OTCQB:AGXPF) has successfully upgraded its Nueva Recuperada plant, increasing its processing capacity from 600 to 720 tonnes per day. The company anticipates full production to be reached in Q2 2022, as mining operations have already produced notable gold credits in concentrate. CEO Jose Garcia highlighted the completion of the expansion as a significant milestone, with ongoing improvements at the Tangana Mining Unit suggesting strong future output and potential revenue growth. Exploration activities are expected to yield updated technical reports this year.
Silver X Mining Corp. reported positive results from 14 drill holes at its Tangana Mining Unit, revealing significant silver-(gold)-polymetallic mineralization. Key findings include 148.89 g/t AgEq over 11.5 m in drill hole TN-2022-015, with new zones expected to enhance production at the Nueva Recuperada plant. The exploration aims to expand existing inferred resources and upgrade them to indicated resources, with 2,342 metres drilled so far, accounting for 62% of the planned program. The Tangana vein-field currently has an inferred resource of approximately 4.84 million tonnes grading 116.33 g/t Ag.
Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) has announced its application to list common shares on the Lima Stock Exchange (BVL) with Kallpa Securities as its sponsoring broker. CEO Jose M. Garcia expressed enthusiasm for providing regional investors access to the company’s flagship Nueva Recuperada project, set to make Silver X the sole junior silver producer on the BVL. The press release also noted the resignation of director Nick Rowley, which does not impact the company’s strategic direction.
Silver X Mining Corp. has received approval to trade its shares on the OTCQB Venture Market under the new symbol AGXPF, effective March 16, 2022. This follows the company's announcement on November 8, 2021, regarding the OTCQB trading eligibility. The company continues to trade on TSX Venture Exchange under the symbol AGX and on the Frankfurt Stock Exchange under WPZ. The OTCQB is recognized by the SEC and aims to provide high-quality trading experiences.
Silver X Mining is a Canadian silver mining company with assets in Peru and Ecuador.