Silver X Drilling at Blenda Rubia Points to Bulk-Style Mining Potential in Peru

Silver X Mining ( (TSE:AGX) ) has shared an update.

Silver X Mining reported new underground diamond drilling results from the Blenda Rubia target near its Nueva Recuperada operation in Peru, outlining a broad, continuous silver-polymetallic system with true widths up to 17.86 metres and averages around six metres. The mineralization extends beyond narrow veins into a wider corridor, opening the door to bulk-style mining in selected areas and potentially providing low-cost feed close to the processing facility.

Management said the updated geological model marks a step change in understanding Blenda Rubia, with the scale and consistency of grades seen as supportive of higher-value tonnes and improved operating margins as production grows. By complementing high-grade narrow vein mining at Tangana, Blenda Rubia is expected to enhance mining efficiency, reduce unit and transport costs, increase production flexibility through multiple mining fronts and support Silver X’s plan to build toward roughly six million silver-equivalent ounces of annual output.

The company’s geologists now interpret Blenda Rubia as a corridor controlled by two main veins, with the intervening space consistently mineralized by veinlets, breccias and disseminated sulphides, improving continuity and mine-planning options. Ongoing step-out and accelerated infill drilling are aimed at expanding the mineralized footprint laterally and at depth and tightening drill spacing between key intercepts to better define scale and support near-term mine planning.

The most recent analyst rating on (TSE:AGX) stock is a Buy with a C$1.34 price target. To see the full list of analyst forecasts on Silver X Mining stock, see the TSE:AGX Stock Forecast page.

Spark’s Take on AGX Stock

According to Spark, TipRanks’ AI Analyst, AGX is a Neutral.

Overall score is weighed down primarily by weak financial performance (still loss-making with negative free cash flow and a recent revenue decline), partially offset by strong technical momentum (price above key moving averages with positive MACD, though indicators are overextended). Valuation remains challenged due to negative earnings (negative P/E).

To see Spark’s full report on AGX stock, click here.

More about Silver X Mining

Silver X Mining Corp. is a Canadian precious metals producer focused on silver-polymetallic mining in central Peru. The company operates the Nueva Recuperada project, where it employs conventional underground vein mining and is exploring opportunities to scale output and lower costs through broader mineralized zones near its processing plant.

Average Trading Volume: 1,855,034

Technical Sentiment Signal: Buy

Current Market Cap: C$228.9M

Find detailed analytics on AGX stock on TipRanks’ Stock Analysis page.