Silver X Mining Corp Stock Price, News & Analysis

Silver X Mining Corp. has announced a non-brokered private placement aiming to raise $2,000,000 through the sale of 9,090,909 units at a price of $0.22 per unit. Each unit consists of one common share and half a warrant, with warrants priced at $0.33 for two years post-closing. Proceeds will support ongoing drilling at the Tangana project and other resource updates. Insider participation is planned, with exemptions under TSX regulations. The offering's closing is expected by November 10, 2022, pending regulatory approval.

Silver X Mining Corp. (AGXPF) released its operational update for September 2022, reporting 162,049 silver equivalent ounces processed. The average processing plant head grade was 18 oz/T AgEq with metal recoveries of 86.88% for silver, 79.83% for gold, 84.71% for lead, and 74.76% for zinc. The company advanced 245 meters in workings at the Tangana project while focusing on grade control and mine expansion, despite recent operational challenges. Upcoming potential improvements are expected from recent drill intersections.

Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF) announced promising updates from the Nueva Recuperada project. Recent diamond drilling confirmed high-grade silver mineralization across three structural blocks of the Tangana 1 vein, extending over 300 meters horizontally and 250 meters vertically. The focus will shift to the Western block, anticipated to yield richer silver ores. Improved understanding of the ore geometry has emerged from multiple drill holes, enhancing exploration potential in nearby veins (Morlupo, Cauca, etc.). The company emphasizes the long-term viability of the Tangana project.

Silver X Mining Corp. (TSXV:AGX) (OTCQB:AGXPF) has announced the resumption of operations at its Tangana project in Huancavelica, Peru, following a thorough incident review. The company has reaffirmed its commitment to safety protocols before restarting activities. With a focus on silver, gold, lead, zinc, and copper mining, Silver X aims to enhance shareholder value through its operational strategies.

Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF) reported a tragic fatality at its Tangana mining project in Peru on September 22, 2022. A worker from contractor Minera Tangana SAC was fatally injured, potentially due to a rock fall. Fortunately, no other personnel were harmed. All operations at the site have been suspended as investigations are underway. The company expressed condolences to those affected. Silver X holds a flagship asset in the Tangana silver-gold project, underscoring its commitment to increasing shareholder value.

Silver X Mining Corp. held its annual general meeting on September 15, 2022, where shareholders approved all submitted matters. Key outcomes include setting the number of directors at five and electing a new slate comprising Jose Maria Garcia Jimenez, Sebastian Wahl, Michael Hoffman, Darryl Cardey, and Francis Johnstone. Additionally, Shim & Associates LLP was reappointed as auditors, and the company's amended share option and restricted share unit plans were approved. Silver X operates primarily in Peru, focusing on the Tangana silver project.

Silver X Mining Corp. (TSX-V:AGX, OTCQB:AGXPF) reported significant operational progress for August 2022. The company processed 195,038 silver equivalent ounces, marking a 57% increase from July. The average head grade was 18.29 oz/t AgEq, with recoveries of 87% for silver and others. Underground development of the Cauca vein commenced, enhancing future production potential. A new centrifuge for gold recovery is set to enhance operational efficiency. CEO José M. Garcia remains confident in reaching the target of 2M oz AgEq annually.

Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF) has successfully completed a debt settlement transaction, paying CAD$540,377 in royalties to Maverix Metals Inc. by issuing 1,801,256 shares at CAD$0.30 per share. The shares are subject to a four-month hold period. Silver X operates the Tangana project in Peru, focusing on silver and other metals. The management emphasizes a commitment to enhancing shareholder value.

Silver X Mining Corp. (TSX-V:AGX) (OTCQB:AGXPF) announced on August 22, 2022, the board's approval for a CAD$540,377 (US$494,706) debt settlement by issuing 1,801,256 common shares at $0.30 each to Maverix Metals Inc.. This settlement addresses accrued royalties and interest as of June 30, 2022, and is pending TSX Venture Exchange acceptance. The shares will be subject to a four-month hold period. Silver X focuses on silver mining in Peru, particularly at the Tangana project.