SILVER X MNG CORP - AGXPF STOCK NEWS

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Silver X Mining Corp. (TSX-V:AGX, OTCQB:AGXPF, F:AGX) is a rapidly expanding developer and producer of silver-based assets, strategically located in the Americas. The company operates the +20,000-hectare Nueva Recuperada Silver District in Central Peru, a resource-rich area that yields silver, gold, lead, and zinc. Silver X focuses on consolidating undervalued assets and increasing production to deliver exceptional value to stakeholders.

The cornerstone of Silver X's operations is the Tangana Mining Unit within the Nueva Recuperada Silver District. This unit has recently demonstrated significant operational growth. In the first quarter of 2024, Silver X reported a substantial increase in mining tonnage by 20% from Q4 2023 and achieved silver equivalent processing of 363,795 oz AgEq. The company's commitment to improving operational efficiency was evidenced by a notable enhancement in silver recovery rates, reaching an average of 89.2%.

Financially, Silver X has shown resilience and growth. The company generated revenues of $4.8 million in Q1 2024 with cash costs of $15.36 per AgEq ounce produced and an All-In Sustaining Cost (AISC) of $21.36 per AgEq ounce. This financial stability is partly due to a successful non-brokered private placement that raised aggregate gross proceeds of C$5,000,000. The proceeds are earmarked for capital expenditures and exploration projects, particularly in the Nueva Recuperada Silver District, and potential acquisition of new assets.

Under the leadership of CEO José M. Garcia and Vice President, Corporate Development, Sebastian Wahl, the company has been committed to not just economic growth but also social and environmental excellence. The Nueva Recuperada Project, despite its ongoing development, has already begun yielding promising results without the need for a preliminary economic assessment, showcasing the project's inherent potential.

Silver X's latest achievements include closing the second and final tranche of its private placement offering, placing over 27 million units for gross proceeds of $5 million, improving production outputs, and enhancing recovery rates. The company is set to continue its trajectory of growth, with strategies to replicate its Q1 successes in future quarters.

For more detailed information about Silver X Mining Corp., visit their official website: www.silverxmining.com.

04/05/2024 02:25 PM

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Silver X Mining Announces Upsize to Private Placement

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Silver X Mining Corp. Increases Private Placement Size to C$5,000,000 at $0.18 per Unit for Capital Expenditures and Exploration in Peru

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03/21/2024 07:30 AM

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Silver X Mining Announces Non-Brokered Private Placement of Up To C$2.0 Million

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Silver X Mining Corp. announces a non-brokered private placement to raise up to $2,000,000 for capital expenditures, exploration, and potential acquisitions. The offering consists of 11,111,111 units at $0.18 per unit, with each unit comprising one common share and one-half of a share purchase warrant. Finders' fees of 6% cash and 6% finder's warrants may be payable. The proceeds will be used for the Nueva Recuperada Silver District project in Peru and potential asset acquisitions.

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02/27/2024 07:30 AM

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Silver X Announces Upcoming Developments in the Plata Mining Unit in Addition to the Current Production

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Silver X Mining Corp. prioritizes Plata Mining Unit as the next brownfield target in the Nueva Recuperada Silver District, showcasing strong exploration potential and significant inferred resources of silver, lead, and zinc. The company aims to leverage Plata's historical data and abundant veins to enhance production, positioning it as a key asset for future growth.

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02/01/2024 07:30 AM

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Silver X Delivers Steady Production During Fourth Quarter 2023 and Successfully Implements Shares for Debt Initiative

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Silver X Mining Corp. announces a 193% increase in production for Q4 2023 and a successful restart of operations at Nueva Recuperada property. The company also implemented a shares for debt initiative to strengthen its balance sheet.

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11/30/2023 08:00 AM

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Silver X Mining Announces Grant of Incentive Stock Options and Restricted Share Units

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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) grants 225,000 Restricted Share Units and 2,050,000 stock options to directors, officers, employees, and a consultant. Each Option will have an exercise price of C$0.265, and 250,000 Options will have a term of 3 years, with the remaining options having a term of 5 years.

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11/29/2023 07:30 AM

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Silver X Reports Third Quarter 2023 Financial Results

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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(FRA:AGX) reported its Q3 2023 financial results for the Nueva Recuperada Project in Central Peru. The company faced a decline in metal output, resulting in an operating loss of $0.8 million and a net loss before tax of $2.3 million. However, it successfully processed 230,444 oz AgEq in 45 days, generating revenues of $2.1 million.

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11/28/2023 07:30 AM

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Silver X Mining Corp. Announces Strategic Restructuring of Royalty for Gross Proceeds of US$2.42 Million

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Silver X Mining Corp. (AGX) announces a partnership with Maverix Metals Inc. to expand the royalty agreement covering the entire Tangana Mining Unit in Central Peru. The agreement includes a restructuring of the prior 3.0% NSR royalty to cover the entire Mine, with Triple Flag Precious Metals Corp. paying US$2,420,000 for the expanded royalty. Triple Flag also secures strategic rights with a Right of First Refusal and a Right of First Offer over future financing.

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11/16/2023 08:20 AM

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Silver X Reports a Twelve-Year Extension of Its Social Agreement with the Community of Huachocolpa [EFFECTIVE PERIOD 2023-2035]

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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) announces a 12-year extension of its social agreement with the Huachocolpa community in Peru, solidifying relations and enabling continued operations at the Nueva Recuperada Project. The agreement encompasses all operational areas, including processing and mining units, and demonstrates the company's commitment to local engagement and support. CEO José García emphasizes the importance of sustainable development and local collaboration for future growth, aligning with the company's 'Sustainable Development Through Mining' principle.

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11/14/2023 07:30 AM

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Silver X Provides Operational Update and Reports Production Results at Nueva Recuperada for Third Quarter 2023

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Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) announces operational results for Q3 2023, including the successful processing of 230,444 ounces of silver equivalent in 45 days, with an average head grade of 304.25 g AgEq/t. Monthly metal throughput is back to pre-halt levels in Q3 2022 and Q4 2022. CEO José García expresses satisfaction with production restart and plans for increased throughput in Q4 2023.

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10/03/2023 07:30 AM

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Silver X Announces Changes to Leadership Team with Appointment of Jason Tong as CFO

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Silver X Mining Corp. appoints Jason Tong as CFO, bringing over a decade of executive leadership and finance expertise. Tong's extensive experience is seen as a tremendous asset for the company's next growth phase.

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FAQ

What is the current stock price of SILVER X MNG (AGXPF)?

The current stock price of SILVER X MNG (AGXPF) is $0.1817 as of October 15, 2024.

What is the market cap of SILVER X MNG (AGXPF)?

The market cap of SILVER X MNG (AGXPF) is approximately 50.1M.

What is Silver X Mining Corp.?

Silver X Mining Corp. (TSX-V:AGX, OTCQB:AGXPF, F:AGX) is a rapidly expanding developer and producer of silver-based assets in the Americas, primarily operating in the Nueva Recuperada Silver District in Central Peru.

What are the main products of Silver X?

Silver X produces silver, gold, lead, and zinc from the Nueva Recuperada Silver District's Tangana Mining Unit.

What recent financial achievements has Silver X reported?

In Q1 2024, Silver X generated $4.8 million in revenues with cash costs of $15.36 per AgEq ounce produced and an AISC of $21.36 per AgEq ounce.

What are the latest operational highlights for Silver X?

Silver X reported a 20% increase in mining tonnage and a 3% increase in silver equivalent processing, achieving 363,795 oz AgEq in Q1 2024.

What significant activities did Silver X undertake in recent months?

Silver X completed a non-brokered private placement, raising C$5,000,000 for capital expenditures, exploration projects, and potential asset acquisitions.

Who are the key executives of Silver X?

The key executives include CEO José M. Garcia and Vice President, Corporate Development, Sebastian Wahl.

Where can I find more information about Silver X?

More detailed information about Silver X can be found on their official website: www.silverxmining.com.

What is the mission of Silver X Mining Corp.?

Silver X aims to be a premier silver company delivering outstanding value to all stakeholders by consolidating undervalued assets, increasing production, and achieving social and environmental excellence.

What is the Nueva Recuperada Silver District?

The Nueva Recuperada Silver District is a +20,000-hectare resource-rich area in Central Peru owned by Silver X, known for producing silver, gold, lead, and zinc.

What is the significance of the Tangana Mining Unit?

The Tangana Mining Unit is a key operational site within the Nueva Recuperada Silver District, demonstrating significant growth in production and efficiency, making it integral to Silver X's business operations.