Silver X Mining Corp Stock Price, News & Analysis

Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) announced significant production results for Q4 and H2 2022 from its Tangana mining unit in Peru, declaring commercial production effective January 2023. In H2 2022, the company processed 874,662 oz AgEq, a 181% increase from the previous year, and produced 673,458 oz AgEq, up 159%. For Q4 2022, production reached 302,386 oz AgEq, a 101% increase compared to Q4 2021. The company is optimistic about future production stability but acknowledges potential short-term grade variations. Minor logistical disruptions were reported, but the plant is expected to return to full capacity soon.

Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) has provided an operational update amidst political unrest in Peru. Their Nueva Recuperada operation remains secure despite localized demonstrations elsewhere in the country. However, production has slowed due to supply chain disruptions, with a full return to capacity anticipated within the first two weeks of January 2023. The company is monitoring the situation closely and will provide updates as necessary.

Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) reported remarkable interim financial results for Q3 2022, with operating revenues reaching $5.5 million, up 73% from the previous quarter. The company achieved operating earnings of $2.0 million and a net gain of $0.2 million, marking the first net gain for the company. Production improvements led to record processing of 481,040 AgEq ounces. Despite this, the company incurred a comprehensive loss of $0.9 million due to foreign currency translation losses. The financial position improved, with cash holdings of $0.9 million.

Silver X Mining Corp. (AGXPF) announced the discovery of disseminated gold-silver targets at its Ccasahuasi Project near the Tangana mine in Peru. The project spans 1,350 ha and features a 160 ha alteration zone identified in 2021. Preliminary geological studies suggest potential for significant mineralization. The company plans a short exploratory drill program and a surface sampling campaign to evaluate further gold results. The project is strategically located within the Central Peru Epithermal Gold-Silver Belt, close to Pan American's Pico Machay project.

Silver X Mining Corp. (TSXV:AGX, OTCQB:AGXPF) announced its participation in the 121 Mining Investment event in London on November 22-23, 2022. Investors can meet management for updates on the company’s milestones and catalysts by contacting info@silverxmining.com. The company operates the Tangana project in Peru and aims to produce over 2 Moz AgEq in 2023, rising to 5 Moz AgEq by 2025. Silver X is also advancing the Plata-Esperanza Mine for a 2024 restart.

Silver X Mining Corp. (TSXV:AGX, OTCQB:AGXPF) has announced the results of its work program at the Lily 19 mining concession, which spans 1,000 hectares and is located near its Tangana mine. The program revealed significant Ag-Pb-Zn mineralization along the San Antonio vein with promising potential for new carbonate replacement deposits. The company plans further exploration, including drilling to enhance known mineralization. Notably, the work program suggests the economic viability of new areas based on historical data and geological mapping.

Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) reported significant operational yields for October 2022.

Key highlights include a total of 192,830 silver equivalent ounces mined, with 169,537 ounces processed despite a temporary plant maintenance issue.

The average processing grade was 14.96 oz/t AgEq, with recoveries ranging from 80% for gold to 89% for silver.

This marks the eighth consecutive month of increased processing on a three-month moving average.

Silver X Mining Corp. (TSXV:AGX) (OTCQB:AGXPF) has successfully closed the second and final tranche of its non-brokered private placement, raising approximately $3,000,000 by issuing 13,554,441 units priced at $0.22 per unit. Each unit includes one common share and one-half of a warrant, allowing for a purchase price of $0.33 within two years. Proceeds will fund drilling programs at the Tangana project and resource updates for the Plata project. The offering is subject to a hold period until March 1, 2023.

Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF) announces an upsized non-brokered private placement offering due to strong investor demand. The offering is expected to raise up to $3,000,000 through the sale of 13,636,363 units at $0.22 per unit. The first tranche closed on October 20, 2022, generating $1,902,616.06 from 8,648,254 units. The funds will support drilling at the Tangana project and resource updates for the Plata project. The offering is pending regulatory approval from the TSX Venture Exchange.