The latest announcement is out from Silver X Mining ( (TSE:AGX) ).
Silver X Mining Corp. reported significant operational and financial improvements for the year 2024, with a positive EBITDA of $1.7 million. The company saw a 39% increase in net operating revenues and a 20% rise in silver equivalent ounces produced, despite a 21.4% increase in realized silver prices. The Tangana Mining Unit’s production stabilized and grew, contributing to the overall success. Looking forward, Silver X plans to bring the new Plata Mining Unit into production by 2026, aiming to enhance its production capacity and market position.
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. operates in the mining industry, focusing on the extraction and production of silver and related metals. The company is primarily engaged in the development of mining projects in Central Peru, with a market focus on increasing production and profitability through projects like the Nueva Recuperada and the upcoming Plata Mining Unit.
YTD Price Performance: -21.43%
Average Trading Volume: 583,366
Technical Sentiment Signal: Buy
Current Market Cap: C$36.71M
See more data about AGX stock on TipRanks’ Stock Analysis page.