$AGX has to be my favourite silver explorer down in Peru. Not only are they an explorer with several high-grade targets, but they are also a producer with an expected production of 600 tpd of silver this year and 3000 tpd by 2025.
In addition to the great mining locations, they have an all-star team leading the company. Over $3.2B of acquisitions in the past 13 years and decades of experience for each member of management.
- Paul Matysek: $2B of companies sold serving as either chairman or CEO
- Luis Zapata: 15 years of experience financing projects in Latin America. Launched Canaccord Genuity’s Latin America Institutional Equities business unit in 2010. Former Partner and Head of Capital Markets at Peru’s largest independent brokerage firm
Those 2 are just some samples of the team behind $AGX.
With the recent financing/merger complete, the company has a lot of cash to continue growing its operations.
- 73,000m drill program coming soon
- $12M+ cash
- Extremely undervalued compared to peers.
Overall, Silver X is my favourite silver play at the moment. With such an attractive price and already being a producer, this is definitely going to be profitable in the longrun. GLTA!
Check out this interview with Cambridge House: https://youtu.be/s--2m8bEfbk