Silver X Announces Fatal Incident in Mining Project
Silver X Mining Corp. (TSX-V:AGX)(OTCQB:AGXPF) reported a tragic fatality at its Tangana mining project in Peru on September 22, 2022.
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Rhea-AI Summary
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.
Positive
- Strong focus on safety with immediate suspension of activities for investigation.
- Company expresses care and concern for affected individuals, enhancing corporate reputation.
Negative
- Fatal incident could lead to potential operational delays and increased scrutiny over safety protocols.
- Suspension of mining activities may impact short-term productivity and financial performance.
Details
News Market Reaction – AGXPF
The recorded move for AGXPF in the trading session of this news was -4.67%.
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VANCOUVER, BC / ACCESSWIRE / September 22, 2022 / SILVER X MINING CORP. (TSX-V:AGX)(OTCQB:AGXPF)(FRA:WPZ) ("Silver X" or the "Company") announces that today at approximately 6:00 am Central time a fatality occurred at its Tangana mining project, located in Huancavelica, Peru.
The incident occurred when a worker of contractor Minera Tangana SAC was fatally injured. The cause of the incident is under investigation with initial information indicating that potentially a rock fall was involved. No other personnel were injured. The on-site emergency management system has been activated and the relevant authorities were immediately notified. Minera Tangana has suspended all activities while the authorities investigate the incident.
The thoughts of the board of directors and management are with the family, friends and colleagues that have been impacted by this unfortunate incident.
About Silver X
Silver X is a Canadian silver mining company with assets in Peru. The Company's flagship asset is the Tangana silver, gold, lead, zinc and copper project (the "Project") located in Huancavelica, Peru. Founders and management have a successful track record of increasing shareholder value. For more information visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. Garcia
CEO and Director
For further information, please contact:
Silver X Mining Corp.
José M. Garcia, CEO
+1 604 358 1382 | j.garcia@silverxmining.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Silver X Mining Corp.
View source version on accesswire.com:
https://www.accesswire.com/717156/Silver-X-Announces-Fatal-Incident-in-Mining-Project
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