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Silver X Mining ( (TSE:AGX) ) just unveiled an update.
Silver X Mining has reported high-grade underground channel sampling results from the Red Silver area of its Nueva Recuperada property in Peru, with continuous mineralized shoots on the Silvia and Rossana veins returning up to 735 g/t silver over 65 metres of strike and 649 g/t silver over 40 metres, alongside notable lead and zinc credits. Building on these results, the company is launching a 1,200-metre underground diamond drill program across 15 holes and advancing new development on Level 860 to test vertical and lateral continuity, support future resource growth and mine planning, and potentially enhance near-term production and the long-term growth profile of its operations.
The most recent analyst rating on (TSE:AGX) stock is a Hold with a C$1.00 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 primarily held down by weak financial performance—persistent losses and negative free cash flow outweigh revenue growth. Technicals are supportive with strong trend and positive MACD, but very overbought RSI/Stoch reduce confidence. Valuation is constrained by negative earnings and lack of dividend data.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp. is a precious metals producer and explorer focused on high-grade silver mineralization at its flagship Nueva Recuperada property in Huancavelica, Peru. The company targets silver-rich vein systems with parallel exploration and mine development to expand resources and support production growth in a key Latin American mining jurisdiction.
Average Trading Volume: 1,754,823
Technical Sentiment Signal: Buy
Current Market Cap: C$260.4M
Find detailed analytics on AGX stock on TipRanks’ Stock Analysis page.