Curated News
By: NewsRamp Editorial Staff
August 29, 2025
Silver X Mining Reports Major Profit Surge, Nears Transformation in Peru
TLDR
- Silver X Mining's 200% operating income increase and pre-tax profitability offer investors early entry into a high-growth silver producer with significant expansion potential.
- Silver X achieved profitability through reduced depreciation costs and operational efficiencies, with mine development accessing higher-grade areas to improve future output.
- Silver X's sustainable mining approach in Peru supports local communities while developing resources responsibly for long-term economic and environmental benefits.
- Despite processing 9% less tonnage, Silver X turned a $1.4M loss into near-breakeven through smart cost management and strategic development.
Impact - Why it Matters
This news matters because Silver X Mining's improved financial performance and strategic developments signal potential growth in the silver and gold mining sector, which could impact investors and markets. As global demand for precious metals remains strong due to industrial uses and safe-haven investments, a company achieving profitability and reducing losses may attract investment and drive sector confidence. For stakeholders, including shareholders and local communities in Peru, this could mean enhanced returns, job creation, and economic development. However, the increase in All-In Sustaining Costs and operational declines highlight risks, reminding readers of the volatility in mining investments and the importance of sustainable practices in resource extraction.
Summary
Silver X Mining Corp, a rapidly expanding silver producer and developer, has reported its financial results for the six months ended June 30, 2025, for its Nueva Recuperada Project in Central Peru. Under the leadership of CEO Jose Garcia, the company highlighted significant improvements in key financial metrics, including a nearly 200% increase in operating income for the first half of 2025 compared to the same period in 2024, and a 71% reduction in net losses. Despite a 9% decline in processed tonnage year-to-date and a 12% drop in average AgEq head grades, the company achieved pre-tax profitability, with pre-tax income rising 131% to $166k. The strategic focus on disciplined execution and development, including 1,788 meters of mine development in Q1 and 2,253 exploration meters drilled in Q2, positions Silver X for accelerated growth, with Garcia emphasizing that a modest capital infusion could unlock the full potential of Peru's prolific yet underdeveloped silver and gold districts.
Operational challenges were offset by financial gains, as cost of sales decreased by 14% due to an 82% reduction in depreciation expense, driven by increased Measured and Indicated Mineral Resources. EBITDA remained positive at $908k for the first half, though it declined from $2.2 million in 2024, while Adjusted EBITDA stood at $804k. The company's All-In Sustaining Cost (AISC) per AgEq ounce produced increased by 33.4% to $28.5, attributed to capital expenditures in developing the Tangana Mining Unit, which aims to access higher-grade areas and new production fronts. Silver X, which trades on the TSXV under AGX and on the OTCQB as AGXPF, continues to build on its 20,472-hectare project, producing silver, gold, lead, and zinc, and remains focused on delivering value to stakeholders through resource consolidation and sustainable community and environmental stewardship. For more details, visit their website at www.silverxmining.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Silver X Mining Reports Major Profit Surge, Nears Transformation in Peru
