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Silver X Mining ( (TSE:AGX) ) has provided an update.
Silver X Mining has reported strong initial results from the first three underground diamond drill holes of its deep exploration program at the past-producing Blenda Rubia mine, part of the Nueva Recuperada Project in central Peru. The drilling has extended silver-polymetallic mineralization up to 160 metres below historic workings, confirmed the vertical continuity of the vein system, and intersected mineable widths and grades in all holes, including a 27.4-metre true-width multi-vein zone with a high-grade core in hole BR-003. These results suggest a structurally robust system with increasing grades at depth and the potential for larger-tonnage underground mining scenarios, while Blenda Rubia’s proximity—about 2 km—to Silver X’s processing plant positions the asset as a prospective, capital-efficient contributor to future mine plans and resource growth at Nueva Recuperada.
The most recent analyst rating on (TSE:AGX) stock is a Hold with a C$1.50 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 TSE:AGX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AGX is a Neutral.
The score is held back primarily by weak financial performance—declining revenue, continued net losses, and meaningfully negative free cash flow despite a low-debt balance sheet. Technicals provide meaningful support with a strong uptrend across key moving averages and positive momentum indicators, while valuation remains challenged because the company is loss-making and offers no stated dividend yield.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp. is a precious metals producer focused on silver-polymetallic deposits at its Nueva Recuperada Project in central Peru. The company operates and explores past-producing underground mines located near its Recuperada processing plant, targeting the expansion of high-grade silver, lead and zinc resources to support efficient, underground mining and milling operations.
Average Trading Volume: 1,806,150
Technical Sentiment Signal: Buy
Current Market Cap: C$370.1M
For an in-depth examination of AGX stock, go to TipRanks’ Overview page.