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.
About Silver X Mining Corp. (AGXPF)
Silver X Mining Corp. is a dynamic and rapidly expanding silver producer and developer operating in the Americas. The company owns the 20,472-hectare Nueva Recuperada Silver District located in Central Peru, a region renowned for its rich mineral resources. Silver X focuses on the extraction and production of silver, gold, lead, and zinc from its flagship Tangana Mining Unit and the recently expanded Plata Mining Unit. With a strategic emphasis on consolidating undervalued assets, increasing production, and expanding resources, Silver X is positioning itself as a premier silver mining company.
Core Operations and Assets
The Nueva Recuperada Silver District is a district-scale property featuring over 170 mapped veins, making it one of the most promising silver projects in South America. The company has successfully transitioned from exploration to production, leveraging both historical data and modern mining techniques. The Tangana Mining Unit serves as the cornerstone of current production, while the Plata Mining Unit adds significant resource potential, with over 6.35 MT of resources identified across 19 veins.
Strategic Growth and Resource Expansion
Silver X is committed to organic growth through exploration and resource development. Recent updates to the mineral resource estimate highlight an 18% increase in measured and indicated resources and a 45% increase in inferred resources across the Nueva Recuperada Property. These expansions underscore the company’s ability to identify and develop high-grade mineralization zones, ensuring long-term production sustainability.
Commitment to Sustainability and Community
Silver X aspires to achieve social and environmental excellence by fostering sustainable practices and supporting local communities. The company emphasizes responsible mining operations, including workforce training, safety measures, and environmental stewardship. Its long-term agreements with local communities and infrastructure investments demonstrate a commitment to mutual growth and sustainability.
Market Position and Investment Potential
Silver X Mining offers investors the opportunity to participate in the early stages of a growing silver producer with robust growth prospects. The company’s focus on brownfield expansion, coupled with its operational stability and resource-rich assets, positions it as a compelling choice for those seeking exposure to the silver mining sector. By integrating exploration, production, and community engagement, Silver X is poised to deliver value to stakeholders while contributing to the global demand for precious metals.
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.
Silver X Mining Corp. (TSXV:AGX, OTCQB:AGXPF) has closed the first tranche of its non-brokered private placement, raising $1,902,616.06 by issuing 8,648,254 units at $0.22 each. The offering will be upsized to target $2,500,000 with the potential sale of 11,363,636 units. Funds will support ongoing drilling at the Tangana project and advance resource updates for the Plata project. An insider participated, investing $25,000. All securities are subject to a hold period until February 21, 2023.
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.
FAQ
What is the current stock price of Silver X Mining (AGXPF)?
What is the market cap of Silver X Mining (AGXPF)?
What is Silver X Mining Corp.'s primary focus?
What are the key assets of Silver X Mining Corp.?
How does Silver X Mining generate revenue?
What makes Silver X Mining Corp. unique in the mining industry?
What are the growth prospects for Silver X Mining Corp.?
What sustainability initiatives does Silver X Mining undertake?
What is the significance of the Nueva Recuperada Silver District?
How does Silver X Mining ensure operational efficiency?
Who are the key stakeholders in Silver X Mining Corp.?
What are the future plans for Silver X Mining Corp.?
