tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Silver X Mining Unveils Positive PEA for Nueva Recuperada Project

Story Highlights
  • Silver X Mining focuses on silver production with two mines in the Nueva Recuperada Silver District.
  • The company announced a positive PEA with robust economics, aiming to expand production significantly.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Silver X Mining Unveils Positive PEA for Nueva Recuperada Project

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% 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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1