Silver X Mining Corp.

Equities

AGX

CA8283411079

Non-Gold Precious Metals & Minerals

Market Closed - Toronto S.E. Other stock markets 15:58:54 2024-05-17 EDT			5-day change	1st Jan Change
0.28 ^CAD	+7.69%		+19.15%	+12.00%

05-16	Silver X Mining Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
04-30	Silver X Mining Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Silver X Mining CEO says strategic reset positions the company for growth in 2024 and beyond

December 04, 2023 at 01:43 pm

(via NewsDirect)

Silver X Mining Corp. CEO José García joined Proactive's Stephen Gunnion with details of the company's third-quarter performance and a strategic operational reset that positions the company for growth in 2024 and beyond.

The pause in operations was prompted by underperformance in 1Q and 2Q, with declining grades and operational challenges. The company realigned its main plan, focusing on areas with better grades and established a new alliance with contractors to ensure improved production.

The temporary shutdown of operations at Recuperado impacted 3Q financials, but García anticipates competitive production costs in 4Q. Despite challenges, he expressed confidence in profitability.

Recuperado's transformation into a significant silver project remains on track, with plans to reach 2 million ounces of silver equivalent annually by 2024.

García highlighted a 12-year extension of the social agreement with the local Huachocolpa community in Peru, emphasizing positive relationships.

He also discussed a restructured royalty agreement with Maverix Metal, a subsidiary of Triple Flag Precious Metals.

Contact Details

Proactive USA

+1 347-449-0879

na-editorial@proactiveinvestors.com

Latest news about Silver X Mining Corp.

Silver X Mining Corp. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-15	CI
Silver X Mining Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	04-30	CI
Silver X Mining Corp. Reports Production Results for the First Quarter Ended March 31, 2024	04-24	CI
Silver X Mining Corp. announced that it has received CAD 5 million in funding	04-11	CI
Silver X Mining Corp. announced that it expects to receive CAD 2 million in funding	03-20	CI
Silver X Mining Corp. Reports Prioritization of Plata Mining Unit as its Next Brownfield Renovation Located Within its Nueva Recuperada Silver District in Central Peru	02-27	CI
Silver X Gained Near 7% After Delivering "Steady" Production During Q4 2023 and Implementing Shares For Debt Initiative	02-01	MT
Silver X Mining Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	11-28	CI
Silver X Mining Corp. Announces Production Results for the Third Quarter of 2023	11-14	CI
Silver X Mining Corp. Announces Chief Financial Officer Changes	23-10-03	CI
Ilver X Mining Corp. Appoints of Mr. Freddy Mayor Zevallos as Chief Operating Officer and General Manager for the Peruvian Subsidiary of the Company	23-09-19	CI
Silver X Mining Corp. Announces the Resumption of Its Mining Operations At the Nueva Recuperada Project	23-09-19	CI
Silver X Mining Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-28	CI
Silver X Mining Corp. Announces Operating Results for the Second Quarter of 2023	23-07-26	CI
Silver X Mining Corp. announced that it has received CAD 2.580225 million in funding	23-07-06	CI
Silver X Mining Closes Second Tranche of Non-Brokered Private Placement	23-06-29	MT
Silver X Mining Seeks Acquisitions	23-06-06	CI
Silver X Mining Corp. Appoints Enrique Garay as Chief Operating Officer	23-06-01	CI
Silver X Mining Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-24	CI
Silver X Mining Reports Termination of Asset Purchase Agreement for Revenue-Virginius Mine Assets	23-05-23	MT
Silver X Mining Corp. cancelled the acquisition of Revenue-Virginius Mine located in the San Juan Mountains near Ouray, Colorado from Alliance Management, LLC.	23-05-18	CI
Silver X Mining Corp. announced that it expects to receive CAD 3 million in funding	23-05-16	CI
Silver X Mining Brief: Moving To Acquire Revenue-Virginius Mine Assets in Ouray, Colorado Out of Receivership	23-04-17	MT
Silver X Mining Corp. entered into an asset purchase agreement to acquire Revenue-Virginius Mine located in the San Juan Mountains near Ouray, Colorado from Alliance Management LLC for $4.5 million.	23-04-16	CI
Silver X Mining's Q4 Loss Widens, Revenue Rises	23-04-14	MT

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Company Profile

Silver X Mining Corp. is a Canada-based silver mining company with core operations in Peru. The Company owns the +20,000-hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead, and zinc from the districtâs Tangana Mining Unit. The Tangana Mining Unit lies within the Nueva Recuperada project located within the Huachacolpa Mining District, Huancavelica, Peru, 479 kilometers (km) to the southeast of Lima. Its Plata Advanced Project is a 3829-hectare concession package with 17 known mineralized veins at the surface with widths ranging from 0.6 to 1.0 meters. The project is located 150 km east of Peruâs prominent Pan American highway in the Lircay district, Huancavelica region of south-central Peru. Its Coriorcco Gold Project is located 80 km east of Peruâs Pan American highway in San Juan Lucanas Province, Ayacucho region of southern Peru, and is accessible by paved road to within five km of the project and has the potential for stand-alone development.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2024-11-21 - Q2 2024 Earnings Release (Projected)

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Ratings for Silver X Mining Corp.

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2058 USD

Average target price

0.4245 USD

Spread / Average Target

+106.27%

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Company calendar

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Silver Mining