Silver X Mining is pleased to announce an updated mineral resource estimate for its Nueva Recuperada Property in Huancavelica, Peru. This Technical Report is under National Instrument 43-101 Standards of Disclosure for Mineral Projects and includes a significant increase in resources for the Plata Mining Unit, reflecting the Company's ongoing exploration success and commitment to expanding its resource base. The Technical [...]
Silver X Mining is pleased to announce the execution of a loan facility agreement with Trafigura PTE Ltd. The loan provided to Recuperada, will be used for capital expenditures and working capital. Under the loan facility an amount of up to US$1.4 million is available to Recuperada with a tenor of up to 25 months. Interest payable to Trafigura is based on the secured overnight financing rate plus 6% per annum. The loan [...]
Silver X Mining Corp. is pleased to report its financial results for the three and nine months ended September 30, 2024 for the Nueva Recuperada Project in Central Peru. Q3 2024 Financial Highlights Revenues of $5.0 million vs. $2.1 million , an increase of $2.9 million. Significant EBITDA improvement: Adjusted EBITDA of negative $0.1M vs. Adjusted EBITDA of negative $1.0M . Cash costs of $21.5 per AgEq ounce produced [...]
Silver X Mining Corp. is announcing that it has agreed to terminate its private placement as announced by the Company on October 30, 2024, due to current market conditions. "Given the dramatic fall in the price of equities, and in other metals, especially silver, we believe the market is no longer conducive for completing the offering on terms that would be in the best interests of the Company's shareholders," said Jose [...]
Silver X Mining Corp. , a growing silver producer and developer in Central Peru, is pleased to announce changes in the methodology and metrics for determining the Company's All-In Sustaining Cost , aimed at better reflecting its operating performance and efficiency, enhancing the comparability of metrics with its peers. To improve the accuracy and presentation of AISC calculations, Silver X refined the composition of [...]
Silver X Mining Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and sole bookrunner in connection with a "best-efforts" private placement to sell up to 16,666,667 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$5,000,000 . Each Unit will consist of one common share of the Company and one half of one Common Share [...]
Silver X Mining Corp. , a growing silver producer and developer in Central Peru, is pleased to announce its operating results for the third quarter ending September 30, 2024 at the Company's Nueva Recuperada Project in Peru. Q3 2024 Production Highlights YTD production results demonstrate sustained growth compared to the first nine months of 2023: 30% more AgEq produced 52% more ore mined and 42% more processed Grades [...]
Silver X Mining is pleased to report its financial results for the three and six months ended June 30, 2024 for the Nueva Recuperada Project in Central Peru. Q2 2024 Financial Highlights Generated revenues of $6.2 million, representing a 31% increase when compared to the quarter ended March 31, 2024 and 34% increase when compared to the quarter ended June 30, 2023 . Operating income of $0.5 million compared with an [...]
Silver X Mining wishes to announce that Sebastian Wahl will be stepping down as Vice President, Corporate Development of the Company to pursue other opportunities. Mr. Wahl will remain a director of the Company. In connection with this transition and his consulting agreement with the Company, the Company has agreed to issue Mr. Wahl an aggregate of 1,261,956 common shares of the Company at a price of C$0.23 per share. The [...]
Silver X Mining is pleased to announce its operating results for the second quarter ending June 30, 2024 at the Company's Nueva Recuperada property in Peru. Q2 2024 Production Highlights Demonstrated a significant increase in tonnage mined, with a raise of 20 per cent from Q1 2024, and 33 per cent from Q2 2023, continuing production upscaling. Achieved an 8 per cent increase in the production of AgEq ounces. Processed [...]
Silver X Mining announced the appointment of David Gleit as Chief Financial Officer, effective immediately. David succeeds Jason Tong, who served as the Company's interim CFO and who will remain with the Company as the corporate controller. David brings more than 25 years of experience as a financial executive with a strong background in international mining, construction, and asset-management. He has advised and led [...]
Silver X Mining Corp. is pleased to announce the signing of a 15-year social agreement with the Community of Carhuapata in Huancavelica in Peru. This in addition with the 12-year agreement with the Community of Huachocolpa signed on November 6, 2023. This new social contract grants Silver X Mining access to the totality of the Plata Mining Area. Highlights of the Agreement Duration: The 15-year agreement encompasses 100 [...]
+123,33 %
-43,26 %
