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Silver X Mining Corp V.AGX

Alternate Symbol(s):  AGXPF

Metals & Mining Industrial Metals & Minerals
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 district’s 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 Peru’s prominent Pan American highway in the Lircay district, Huancavelica region of south-central Peru. Its Coriorcco Gold Project is located 80 km east of Peru’s 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.


TSXV:AGX - Post by User

Silver X Mining Corp
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Comment by GMoneyTxon Jun 11, 2019 7:12pm
130 Views
Post# 29816837

RE:RE:RE:RE:RE:RE:RE:RE:Market Cap!!!

RE:RE:RE:RE:RE:RE:RE:RE:Market Cap!!!Normally, you would be right.  But in Q1 of last year, the company was just starting out. The company has evolved a lot over the last year (more public awareness, higher inventory levels, more capital, etc.). Comparing Q1 ‘19 to Q1 ‘18 is not very meaningful.

With a brand new company like this, I would hope for a steady ramp of sales over many quarters, as the company gains its footing. Things looked to be on the right track thru Q4 ‘18.   Then we see a 22% decrease in Q1 ‘19 vs Q4 ‘18.   Granted this is only 1 quarter, hopefully it proves to be an outlier.  Time will tell.


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