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An announcement from Silver X Mining ( (TSE:AGX) ) is now available.
Silver X Mining Corp has announced its largest-ever 40,000-meter diamond drill program, funded by a recent Bought Deal financing, to expand resources and enhance operations at its Nueva Recuperada district in Peru. The initiative is part of a broader strategy to double production capacity by 2026, improve operational efficiency, and position the company as a leading mid-tier silver producer in the region. The company aims to achieve significant growth by increasing production, enhancing cash flow, and implementing cost-saving measures, such as the ‘Plan 100’ initiative targeting reduced operating costs.
The most recent analyst rating on (TSE:AGX) stock is a Buy with a C$0.95 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 stock’s overall score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. While technical indicators show positive momentum, the valuation remains unattractive due to ongoing losses.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp is a company in the mining industry, primarily focusing on silver production. It operates in the Nueva Recuperada district in Huancavelica, Peru, aiming to become one of Latin America’s lowest-cost silver producers.
Average Trading Volume: 1,734,237
Technical Sentiment Signal: Buy
Current Market Cap: C$130.5M
Find detailed analytics on AGX stock on TipRanks’ Stock Analysis page.