Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Silver X Mining ( (TSE:AGX) ) has issued an announcement.
Silver X Mining has launched a brokered private placement of up to C$60 million in secured convertible debentures, with Ventum Financial acting as sole agent and bookrunner, and an option to increase the offering by 15%. The debentures carry a 10% annual interest rate, mature in five years, and are convertible into common shares at C$1.62, with proceeds earmarked for development, working capital and general corporate purposes, particularly to advance the Nueva Recuperada Property in Peru; the closing, expected around February 18, 2026, remains subject to standard corporate and regulatory approvals, underscoring the financing’s role in funding Silver X’s production growth ambitions and strengthening its competitive positioning as a meaningful silver producer.
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 rapidly expanding silver producer and developer focused on the Nueva Recuperada Project in Peru, a 20,795-hectare district-scale land package with two mining units and more than 200 exploration targets. Current output from the Tangana Mining Unit, alongside the planned restart of the Plata Mine, underpins the company’s strategy to grow production toward approximately 6 million silver-equivalent ounces annually by 2029, positioning it as a next-generation silver company emphasizing scalable growth and responsible mining.
Average Trading Volume: 1,885,392
Technical Sentiment Signal: Buy
Current Market Cap: C$383.8M
See more insights into AGX stock on TipRanks’ Stock Analysis page.