202621 releases
Silver X Grows the AgEq Processed by 42% and Gold 119% YoY as Nueva Recuperada Plant Expansion to 1,000 TPD Advances
Third quarter 2026 production at the Nueva Recuperada project in Peru included 54,681 MT processed, up 63% from 33,505 MT in 3Q25, with 138,724 oz silver (+47%), 1,641 oz gold (+119%) at head grades of 0.93 g/t, and 322,822 AgEq oz processed (+42%); AgEq produced was 225,237 oz (+35%). The plant averaged 594 tpd as throughput was limited during work to lift capacity to 1,000 tpd, expected in 4Q26. Ore mined reached 60,694 MT, building a roughly 6,000-tonne stockpile.
CorporateSilver X Increases Measured and Indicated Resources 173% to 10.4 Mt at 213 g/t AgEq (70.8 Moz AgEq) and Inferred Resources 43% to 21.6 Mt at 252 g/t AgEq (180.9 Moz AgEq)
An updated mineral resource estimate for the Nueva Recuperada Project in Huancavelica, Peru, effective August 31, 2026, reports Measured and Indicated resources of 10.4 Mt at 213 g/t AgEq (70.8 Moz AgEq), up 173% in tonnage, and Inferred resources of 21.6 Mt at 252 g/t AgEq (180.9 Moz AgEq), up 43%. Contained Measured and Indicated silver rose 211% to 41.8 Moz, with 120.1 Moz Inferred. Red Silver holds 10.4 Moz M&I silver at 623 g/t, and Blenda Rubia adds 5.5 Mt Indicated at 112 g/t AgEq.
Resource updateSilver X Mining Corp. Reports Record 2Q26 Revenue of $17.3M, Up 29% Over 1Q26, and $7.7M of First-Half Net Income
Second-quarter 2026 net operating revenue was a record $17.3 million, up 29% from 1Q26 and 221% year-over-year, with adjusted EBITDA of $6.9 million and net income of $3.1 million; first-half net income was $7.7 million versus a $0.4 million loss a year earlier. At the Nueva Recuperada Project in Peru, throughput reached 62,252 tonnes and AgEq production 283,029 ounces, with AISC of $46.10 per AgEq ounce. Cash was $49.7 million at June 30, 2026, with a 1,000 tpd run rate expected in 3Q26.
CorporateSilver X Expands Red Silver Drill Program More Than Five-Fold to 6,650 Meters Following High-Grade Channel Sampling Results
Underground diamond drilling has begun at the Red Silver Project (María Luz sector) of the Nueva Recuperada Project in Huancavelica, Peru, with the program expanded from the 1,200 meters announced in January 2026 to approximately 6,650 meters in two phases (Phase I: 1,115 meters; Phase II: 5,535 meters). The program follows channel sampling on the Silvia Vein of 735 g/t Ag over 65 meters of strike and 649 g/t Ag over 40 meters, and aims to expand the resource and upgrade Inferred ounces. Red Silver hosts about 1.91 million tonnes Inferred and 41,600 tonnes Measured and Indicated Mineral Resources.
Drill resultsSilver X Delivers Record Quarterly Production During the Second Quarter of 2026
Processed tonnage at the Nueva Recuperada property in Peru reached 62,252 MT in the second quarter of 2026, up 39% from 44,883 MT in 1Q26 and 78% from 34,899 MT in 2Q25, averaging about 684 MT per day against nominal capacity of 750 MT per day. Silver processed rose to 175,560 oz and gold to 2,204 oz at head grades averaging 1.10 g/t. AgEq processed was 380,436 oz and AgEq produced 283,029 oz, with underground development of 3,159 metres.
CorporateSilver X Mining Corp. Announces Appointment of Joseph Gallucci to Board of Directors
Joseph Gallucci, MBA, ICD.D, has been appointed to the board of directors of Silver X Mining Corp., effective immediately. Gallucci is Managing Director and Head of Mining Investment Banking at Ventum Financial, with over 20 years in investment banking and equity research covering the mining sector, including prior roles at BMO Capital Markets, GMP Securities, Dundee Securities, Eight Capital and Laurentian Bank Securities. Silver X operates the Nueva Recuperada and Pampas projects in Peru.
ManagementSilver X Acquires 100% of Ccasahuasi: A Gold System Next Door to a Producing Mine, Defined with Only 903 Meters of Drilling and Open Along Strike and at Depth
100% ownership of the Ccasahuasi gold project in the Nueva Recuperada district, Huancavelica, central Peru, has been secured through acquisition of the Lily 19 mining concession from Barrick Mining Corporation for total cash consideration of US$30,000, with terms including staged cash payments and a net smelter return royalty with a partial buyback provision. Ccasahuasi hosts an Inferred Mineral Resource of 1,405,587 tonnes grading 0.936 g/t Au containing 42,303 oz Au at a 0.25 g/t Au cutoff, defined by four diamond drill holes totaling 903.5 meters. The project lies about 1 km from the producing Tangana mine.
AcquisitionSilver X Intersects 40.71 m True Width at 98.7 g/t AgEq (69.53 g/t Ag, 0.87% Pb, 0.28% Zn) at Blenda Rubia, Including 4.12 m of 274.5 g/t AgEq
Drill hole DDH-BR-016 at the Blenda Rubia target within the Nueva Recuperada Unit in central Peru intersected 104.20 metres apparent width, or 40.71 metres estimated true width, grading 69.53 g/t Ag, 0.87% Pb, 0.28% Zn and 0.02% Cu (98.7 g/t AgEq), between 179.30 m and 283.50 m. Internal intervals included 4.12 m true width at 274.5 g/t AgEq (Vein 1) and 2.64 m at 172.1 g/t AgEq (Vein 3). The intercept sits about 60 metres below Buenaventura's Level 210. Silver X plans continued surface drilling and underground rehabilitation to prepare drill chambers.
Drill resultsSilver X Mining Corp. Delivers Record 1Q26 Results with $4.6M Net Income and Significant Balance Sheet Expansion
Silver X Mining reported 1Q26 net operating revenue of $13.4 million, up 155% year-over-year, operating income of $7.0 million and net income of $4.6 million, versus a $0.3 million loss in 1Q25. Cash was $53.8 million at March 31, 2026, up from $10.1 million, and total assets rose to $129.6 million after a $50.3 million senior secured convertible debenture financing closed March 18, 2026, and the Pampas Gold-Silver Project acquisition in Peru. Ore processed totalled 44,883 tonnes with AISC of $213.43 per tonne.
CorporateSilver X Mining Begins Trading on OTCQX, Expanding Access to U.S. Investors
Silver X Mining Corp.'s common shares began trading on the OTCQX Best Market effective May 12, 2026 under the symbol AGXPF, graduating from the OTCQB Venture Market. The shares continue to trade on the TSX Venture Exchange under AGX. The company is processing approximately 750 tonnes per day at its Nueva Recuperada Silver District in central Peru, a 20,795-hectare land package with two mining units and more than 200 exploration targets, with a path to 1,000 tonnes per day.
CorporateSilver X Delivers Strong 2025 Financial Results with Margin Expansion and Clear Path to Growth
Full-year 2025 net operating revenue was $25.2 million, up 16% year-over-year, with operating income of $5.8 million versus a loss in 2024 and adjusted EBITDA of $4.0 million, from the Nueva Recuperada Project in Peru. Fourth-quarter revenue reached $9.6 million, up 65% from 4Q24, with a $4.0 million net loss reflecting a non-recurring $4.9 million provision for administrative sanctions. Tonnes processed fell to 150,239 from 170,676, while silver grades rose 9% to 2.64 oz/t. Silver X targets approximately 1,000 tonnes per day in 2026.
CorporateSilver X Mining Corp. Announces Appointment of Mark NJ Ashcroft to Board of Directors
Mark NJ Ashcroft, P.Eng., has been appointed to the Board of Directors of Silver X Mining Corp., which operates a precious-metals platform in Peru. Ashcroft is a mining engineer with approximately 40 years of experience across underground operations, project development and corporate finance, and previously served as President and CEO of Stonegate Agricom, which he led through a C$51.75 million initial public offering. He currently serves as President and CEO of Aurelius Minerals Inc., Principal of Sextant Mining Advisory Inc., and Business Development Advisor, Americas at Empress Royalty Corp.
ManagementSilver X Intersects up to 17.86 m True Width at Blenda Rubia, Advancing Scalable Mining Strategy
Underground diamond drilling at the Blenda Rubia target near the Nueva Recuperada operation in central Peru returned estimated true widths of up to 17.86 metres, including 54.85 m apparent width (17.86 m true width) in DDH-BR-003 and 35.35 m apparent width in DDH-BR-005, with widths averaging approximately 6.0 metres true width where constrained by drilling. DDH-BR-004 intercepted a barren post-mineral dyke and was excluded. Step-out and infill drilling continue, with geological modelling evaluating bulk mining scenarios in selected zones.
Drill resultsSilver X Delivers Production Growth During the First Quarter of 2026
First-quarter 2026 processed tonnage at the Nueva Recuperada property in Peru rose 8% quarter-over-quarter to 44,883 MT from 41,635 MT in 4Q25, including 20,645 MT in March, when throughput stabilized at nominal capacity of about 750 MT per day. Silver ounces processed increased 10% to 125,195 oz and gold rose 20% to 1,419 oz, while silver equivalent ounces fell to 253,114 oz from 266,995 oz on higher silver prices (approximately US$83/oz versus US$55/oz). Underground development reached a record 1,010 metres in March.
CorporateSilver X Acquires the High-Grade Pampas Gold-Silver Project, Expanding its Precious Metal Asset Base in Peru
A definitive agreement has been signed to acquire a 100% interest in the 7,712.5-hectare Pampas Gold-Silver Project in Huancavelica, Peru, about 40 kilometres from Silver X's Nueva Recuperada operation, for US$1.7 million in staged cash payments over 24 months plus a 3.0% NSR royalty, with an option to repurchase 1.5% for US$1.5 million within four years of production start. Historical rock chip and channel samples returned up to 85.9 g/t gold and 1,065 g/t silver across 36 mapped veins with strike lengths up to 2,000 metres. The never systematically drilled project is slated for phased exploration including an initial 5,000 m diamond drill program.
AcquisitionSilver X Mining Closes C$69M Brokered Private Placement of Secured Convertible Debentures
A brokered private placement of secured convertible debentures closed for gross proceeds of C$69,000,000, comprising 69,000 debentures at C$1,000 each, after the agent, Ventum Financial Corp., exercised its 15% over-allotment option in full, adding C$9,000,000 to the original C$60,000,000. The debentures bear 10.0% annual interest paid semi-annually, mature five years from closing, and are convertible at C$1.62 per share. Proceeds are for development capital expenditures, working capital and general corporate purposes, with the Nueva Recuperada Project in Peru advancing; the offering remains subject to final TSXV approval.
FinancingSilver X Ranks 8th on 2026 TSX Venture 50 List of Top Performing Companies
Silver X Mining Corp. ranked eighth on the 2026 TSX Venture 50 list, which ranks the top 50 of over 1,600 TSXV issuers based on equally weighted market capitalization growth, share price appreciation and trading value. In 2025, the Company's share price appreciated 454% and its market cap growth was 659%. Silver X operates the Nueva Recuperada Project in Peru, a 20,795-hectare land package with two mining units, plus the recently acquired Pampas Project.
CorporateSilver X Mining Launches Brokered Private Placement of Up To C$60M in Convertible Debentures
A best efforts brokered private placement of up to C$60 million aggregate principal amount of secured convertible debentures has been launched with Ventum Financial Corp. as sole agent and bookrunner, with an agent option to increase the size by up to 15%. The debentures bear 10.0% interest per annum, payable semi-annually, mature five years from closing, and are convertible at C$1.62 per common share. Closing is expected on or about February 18, 2026, with proceeds for development, working capital and general corporate purposes.
FinancingSilver X Extends Blenda Rubia Mineralization 160 Metres Below Historic Workings; Intersects High-Grade Silver Within Broad Multi-Vein Zone
Results from the first three underground diamond drill holes at the Blenda Rubia Mine, part of the Nueva Recuperada Project in central Peru, extended silver-polymetallic mineralization up to 160 metres below historically mined levels. BR-003 intersected a 27.4 m true width vein zone grading 28.1 g/t Ag, 0.36% Pb and 0.09% Zn, including 3.0 m of 505 g/t Ag, 4.16% Pb and 0.49% Zn; BR-001 returned 2.0 m of 98 g/t Ag and BR-002 1.0 m of 123 g/t Ag.
Drill resultsSilver X Defines High-Grade Mineralization at Red Silver: Underground channel sampling includes averages of 735 g/t Ag Over 65 metres and 649 g/t Ag Over 40 metres. Announces 1,200-Metre Drill Program to Test Continuity
Underground channel sampling on Level 810 at the Red Silver asset within the Nueva Recuperada Property in Huancavelica, Peru returned 735 g/t Ag, 0.45% Pb and 0.73% Zn over an average width of 0.56 metres across 65 metres of strike on the Silvia Vein, and 649 g/t Ag, 0.40% Pb and 0.69% Zn over 0.50 metres across 40 metres of strike. Two further shoots on the Rossana Vein included 497 g/t Ag over 0.92 m width. An underground diamond drill program of approximately 1,200 metres in 15 holes will test continuity, with development planned on Level 860.
Drill resultsSilver X Delivers Production Growth During the Fourth Quarter of 2025
Fourth quarter 2025 operating results at the Nueva Recuperada property in Peru show 41,635 tonnes processed, up 24% from 33,505 tonnes in 3Q25, and 266,995 silver equivalent ounces processed, up 17% from 227,315 oz. Gold production rose 67% to 667 ounces from 398 ounces. Silver prices averaged approximately US$55/oz in 4Q25 versus US$40/oz in 3Q25. A 40,000-meter drilling program is underway.
Corporate
202522 releases
Silver X Mining Announces Management Update
Alvaro Domingo has been promoted from General Manager of Administration and Finance at Peruvian operating subsidiary Recuperada S.A.C. to Vice President, Corporate Development and Commercial at Silver X Mining Corp. Domingo has been with the company for more than four years, with responsibilities spanning finance, administration, operational coordination and commercial execution.
ManagementSilver X Mining Announces Grant of Incentive Stock Options and Restricted Share Units
450,000 restricted share units with a one-year term and 900,000 stock options have been granted to directors and officers of Silver X Mining Corp. under the Company's omnibus incentive plan dated August 9, 2024. The options carry an exercise price of C$0.79 and a six-year term. The grants are subject to TSX Venture Exchange approval.
CorporateSilver X Mining Corp. Sustains Momentum Through 3Q25 with a Strong Performance in September
Financial results for the nine months ended September 30, 2025 at the Nueva Recuperada Project in Central Peru show operating income of $2.1M versus a $180K operating loss a year earlier, and a net loss of $740K, down nearly 80% from $3.6M. In 3Q25, operating income rose 166% to $486K, net loss fell 85% to $330K, and EBITDA was $185K; processed tonnage fell 28% to 33,505 MT. Nine-month AISC was $30.7 per AgEq ounce, up 33%.
CorporateSILVER X MINING INVITED TO PRESENT AT EXCLUSIVE INVESTOR EVENT AT THE MAR-A-LAGO CLUB IN PALM BEACH, FLORIDA
Silver X Mining has been invited to present at a Private Investor's Round Table on November 25 at 6:00 PM at The Mar-a-Lago Club in Palm Beach, Florida, hosted by Money Ball Networks and Money Channel NYC for accredited and high-net-worth investors. Executives will provide updates on operational performance, growth strategy and the outlook for the silver and broader mining sector. Interested parties can contact ir@silverxmining.com.
CorporateSILVER X ENGAGES INDEPENDENT STRATEGIC CONSULTING FIRM AND APPOINTS GENERAL MANAGER
An independent strategic advisory firm co-led by Ernesto Balarezo and Patricia Kosa has been engaged on a mandate-based, non-exclusive basis to support operational transformation, organizational effectiveness and performance management, and Ricardo Martínez has been appointed General Manager, effective immediately. Silver X intends to issue up to 450,000 stock options to this team, vesting over the next 12 months under its equity incentive plan and subject to TSX Venture Exchange approval.
ManagementSILVER X OUTLINES STRATEGIC INITIATIVES AND ANNOUNCES THE LARGEST DRILL PROGRAM IN ITS HISTORY – 40,000 METERS
A 40,000-meter diamond drill program has been launched at the Nueva Recuperada district in Huancavelica, Peru, funded by proceeds from a recently completed Bought Deal financing, with drilling to test satellite targets RedSilver and Tangana West where grades of 15–20 ounces per tonne have been identified. The company targets production of up to 1,000 tonnes per day by 2Q26, doubling current output, and is advancing a Plan 100 initiative aiming for combined operating and sustaining costs of US$100 per tonne.
CorporateSILVER X FILES PRELIMINARY ECONOMIC ASSESSMENT TECHNICAL REPORT WITH UPDATED MINERAL RESOURCE ESTIMATE
A Preliminary Economic Assessment with an updated mineral resource estimate has been filed for the Nueva Recuperada Project in Peru, with an effective date of May 31, 2025. The PEA outlines a 14-year mine life at up to 3,000 tpd combined mining and processing capacity, average annual production of about 6.2 million ounces AgEq, after-tax NPV of $439 million at a 5% discount rate, initial capex of $82 million including 13% contingency, after-tax payback of 3.0 years, and LOM cash costs of $11.8/oz AgEq and AISC of $15.8/oz AgEq.
Study results
202419 releases
202326 releases
202229 releases
SILVER X PROVIDES OPERATIONAL UPDATE
CorporateSILVER X ANNOUNCES 2022 AGM RESULTS
Corporate