Silver X Mining ( (TSE:AGX) ) has provided an announcement.
Silver X Mining Corp. has announced the filing of an independent NI 43-101 technical report, confirming a significant increase in the mineral resource estimate for the Nueva Recuperada Project in Peru. The report highlights an 18% increase in measured and indicated resources and a 45% growth in inferred resources, with substantial gains in silver, zinc, and lead content. The Plata Mining Unit, in particular, has shown notable growth, reinforcing its strategic importance within the project. This development positions Silver X as a key player in the South American silver industry, with the potential for long-term value creation and investment opportunities.
Spark’s Take on TSE:AGX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AGX is a Neutral.
Silver X Mining is facing significant financial challenges with negative profitability and cash flow issues. The technical analysis indicates a bearish trend, and the valuation metrics reflect ongoing losses and a lack of dividends. With no recent earnings call or corporate events to provide additional insights, the overall outlook remains negative.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp. is a rapidly growing silver producer-developer based in Peru. The company owns the 20,472-hectare Nueva Recuperada Silver Project in Central Peru and produces silver, gold, lead, and zinc from its Tangana Mining Unit. Silver X aims to consolidate and develop undervalued assets, increase production, and deliver outstanding value to stakeholders while supporting local communities and stewarding the environment.
YTD Price Performance: -40.48%
Average Trading Volume: 468,448
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$28.92M
For an in-depth examination of AGX stock, go to TipRanks’ Stock Analysis page.