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 (AGXPF) generates frequent news flow around its silver-focused mining and development activities in Peru. The company’s updates center on the Nueva Recuperada Project, a district-scale land package with two mining units and more than 200 exploration targets, where it produces silver, gold, lead, and zinc and advances underground development and drilling programs.
Investors following AGXPF news can expect detailed operational reports from the Tangana Mining Unit, including quarterly production highlights such as processed tonnage and silver-equivalent ounces. The company also releases information on exploration results, including underground channel sampling and drilling at high-grade targets like Red Silver and Tangana West, where it has reported strong silver grades and defined multiple mineralized shoots.
Silver X’s news flow also covers strategic and corporate developments. Recent releases describe a 40,000-metre diamond drill campaign, described as the largest in the company’s history, as well as a 1,200-metre underground drill program at Red Silver. The company reports on Preliminary Economic Assessment milestones for Nueva Recuperada, capital raises through bought deal and non-brokered private placements, and the planned restart of the Plata Mining Unit within the same district.
In addition, AGXPF news includes management and governance updates, incentive grants under the company’s omnibus incentive plan, and the engagement of independent strategic advisors to support operational transformation and performance management. For readers tracking silver and polymetallic mining in Peru, the Silver X news page offers a consolidated view of exploration results, production trends, capital programs, and corporate actions tied to the Nueva Recuperada Project.
Silver X (OTCQB:AGXPF) announced a 40,000‑meter diamond drill program at Nueva Recuperada, Peru, funded by a recent Bought Deal financing to accelerate exploration, underground development, and operational improvements.
The company targets production of 1,000 tpd by 2Q26 (about a 40%+ increase) and pursues its "Plan 100" to reach combined operating and sustaining costs of US$100/tonne. A September 2025 PEA outlines a long‑term 3,000 tpd expansion and potential production of ~6.2M oz AgEq annually. The program will test high‑grade satellite targets with reported grades of 15–20 oz/tonne/b).A cautionary note states current production decisions rely on inferred resources and carry increased technical and economic uncertainty.
Silver X (TSXV:AGX / OTCQB:AGXPF) filed a NI 43-101 Preliminary Economic Assessment effective May 31, 2025 for the Nueva Recuperada district-scale project.
Key PEA metrics: After-tax NPV $439M (5%), LOM 14 years at 3,000 tpd, average annual production ~6.2 Moz AgEq, initial CapEx $82M, after-tax payback 3.0 years, LOM cash costs 11.8/oz AgEq and AISC 15.8/oz AgEq. Study supports two mills at Tangana and Plata and follows an oversubscribed bought deal financing.
Silver X Mining (OTCQB:AGXPF) has successfully completed two private placements for total gross proceeds of C$21.5 million. The financing consists of a C$16 million brokered offering and a C$5.5 million non-brokered offering, with units priced at C$0.50 each.
Each unit includes one common share and a half warrant, with whole warrants exercisable at C$0.70 until September 29, 2028. The company issued a total of 43 million units, with underwriters receiving C$1.26 million in fees and 2.52 million broker warrants.
The proceeds will fund capital and exploration expenditures at the company's Nueva Recuperada Silver District in Peru, along with working capital and corporate purposes. CEO José García highlighted this as a transformative milestone enabling significant advancement in exploration, resource conversion, and production scale.
Silver X Mining (OTCQB:AGXPF) has announced a combined financing initiative comprising a non-brokered private placement and a bought deal offering for total potential proceeds of up to C$21.5 million.
The non-brokered offering aims to raise between C$3-5.5 million through the sale of 6-11 million units at C$0.50 per unit. Concurrently, the bought deal offering seeks to raise C$13 million through 26 million units, with an over-allotment option for an additional C$3 million. Each unit includes one common share and a half warrant exercisable at C$0.70 for 36 months.
Proceeds will fund capital and exploration expenditures at the company's Nueva Recuperada Silver District in Peru, along with working capital needs. The offerings are expected to close on September 29, 2025.
Silver X Mining (OTCQB:AGXPF) has increased its previously announced bought deal private placement from C$10 million to C$13 million due to strong investor demand. The offering consists of 26 million units at C$0.50 per unit, with each unit comprising one common share and a half warrant exercisable at C$0.70 for 36 months.
The underwriters, led by Red Cloud Securities, have an option to purchase up to an additional 6 million units to raise an extra C$3 million. The proceeds will fund capital and exploration expenditures at the company's Nueva Recuperada Silver District in Peru, along with working capital needs. The offering is expected to close on September 29, 2025.
Silver X Mining (OTCQB:AGXPF) announced positive results from a new Preliminary Economic Assessment (PEA) for its Nueva Recuperada Silver District project. The PEA demonstrates an after-tax NPV of $440M at 5% discount rate and an IRR of 69%.
The project features a 14-year mine life with a combined mining and processing capacity of 3,000 tonnes per day, expecting to produce approximately 6.2 million ounces of silver equivalent annually. The initial capital expenditure is estimated at $82 million, with cash costs of $11.8/oz AgEq and AISC of $15.8/oz AgEq.
The company plans to operate two mines within the district: the Tangana Mining Unit and the Plata Mining Unit, with two milling facilities - a new 1,500 tpd mill at Tangana and an expanded Recuperada mill. The project's mineral resource estimate includes 3.90 MT of Measured and Indicated resources and 15.11 MT of Inferred resources.
Silver X Mining Corp. (OTCQB:AGXPF) reported its financial results for H1 2025, showing improved operating performance despite production challenges. The company achieved a 200% increase in operating income for H1 2025 compared to H1 2024, with operating income rising 55% to $847k in Q2 2025.
While processed tonnage declined by 9% year-to-date to 75,099 tons and AgEq head grades decreased by 12%, the company significantly reduced its net losses by 71% to $410K in H1 2025. The company maintained positive EBITDA of $908K for H1 2025, though down from $2.2M in H1 2024. Notable operational developments include 1,788 meters of mine development in Q1 and 2,253 exploration meters drilled in Q2, aligned with the company's 8,000-meter plan for 2025.
Silver X Mining (OTCQB:AGXPF) has secured a US$2 million prepayment facility and copper offtake agreement with Trafigura for its Nueva Recuperada project. The facility will be drawn in tranches with a SOFR plus 6% interest rate and a 20-month repayment term.
As part of the deal, Silver X will issue 2.5 million warrants with a 25-month exercise period at a 25% premium to the 20-day VWAP. The expanded offtake agreement requires Silver X to sell 100% of copper concentrate to Trafigura through April 2029. Funds will be used for implementing a third flotation circuit and mine development.
Silver X Mining Corp. (AGXPF) has reported significant operational and financial improvements for FY2024 and Q4 2024. The company achieved a positive EBITDA of US$1.7M for the full year, with net operating revenues increasing 39% to $21.9M in 2024.
Key highlights include a 36% increase in processed tonnage to 170,676 tonnes and a 20% increase in silver equivalent production to 1,100,899 ounces in 2024. The company's Q4 performance showed a 21% increase in processed tonnage and a 33% increase in realized silver price to $30.94/oz.
Financial improvements include reduced losses, with net loss before tax decreasing to $3.4M in 2024 from $10.8M in 2023. Production costs improved with a 15.3% decrease in cash cost per tonne to $106 in 2024. The company plans to expand production at its Tangana Mining Unit and bring the new Plata Mining Unit into production by 2026.