Silver X Mining Corp V.AGX

Alternate Symbol(s): AGXPF

Metals & Mining Industrial Metals & Minerals

Silver X Mining Corp. is a Canada-based silver developer and producer. The Company owns the 20,000-hectare Nueva Recuperada Silver District in Central Peru and produces silver, gold, lead and zinc from its Tangana Project. The project includes the Tangana mining unit (Tangana), a precious- and base-metal operation that is in the northern portion of the project comprised of 100-plus veins spanning an area of more than 6,500 hectares, and the Plata (formerly referred to as Esperanza) advanced Project, a grouping of historic silver-polymetallic veins, with significant exploration upside in the southern portion of the project comprised of 200-plus veins often with intense anatomizing, spanning an area of more than 7,000 hectares. The Company holds interest in a 1400-hectare concession known as the Las Antas Property, which is located within the Oligocene-Pliocene gold-silver Belt of Southern Peru. The Company also has an option agreement to acquire the Lily 19 claims in Peru.

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Silver X Mining Corp

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Post by cmarketinsightson Nov 05, 2024 6:33pm

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Post# 36297872

Silver X Mining Corp. is Ramping Up Silver Production

Silver X Mining Corp. is Ramping Up Silver Production in Peru

We're diving back into AGX as it advances its Nueva Recuperada silver project in Peru. With commercial production underway and expansion plans targeting over 6 Moz AgEq annually, the company’s growth potential looks promising. In Q2-2024, AGX’s production jumped 14% YoY, with cash costs down to $19/oz AgEq and revenues up 34%.

Undervalued?AGX trades at a 65% discount to sector peers on an oz basis, and only 28% of its AT-NPV10% ($175M) from its latest PEA.

Disclaimer: FRC provides issuer-paid coverage. Past performance is not indicative of future results.

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