Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Silver X Mining ( (TSE:AGX) ) just unveiled an update.
Silver X Mining Corp announced a positive Preliminary Economic Assessment (PEA) for its Nueva Recuperada project, highlighting a district-scale operation with a combined mining and processing capacity of 3,000 tonnes per day and annual metal production exceeding 6 million ounces of silver equivalent. The PEA reveals robust project economics with an after-tax NPV of $440 million and an IRR of 69%, supporting the company’s strategic plan to increase production significantly. The company plans to expand its milling facilities and conduct aggressive drilling campaigns to upgrade and expand its resource base, positioning itself as a significant player in the South American polymetallic silver market.
The most recent analyst rating on (TSE:AGX) stock is a Hold with a C$0.50 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.
Silver X Mining’s overall score is primarily influenced by its financial challenges, despite positive technical indicators and recent corporate developments. The company’s ability to manage profitability and cash flow will be crucial for future performance.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp is a company operating in the mining industry, focusing on silver production. It operates two mines, Tangana and Plata, within the Nueva Recuperada Silver District, aiming to establish itself as a mid-tier silver producer.
Average Trading Volume: 597,445
Technical Sentiment Signal: Buy
Current Market Cap: C$83.47M
Learn more about AGX stock on TipRanks’ Stock Analysis page.