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An update from Silver X Mining ( (TSE:AGX) ) is now available.
Silver X Mining Corp has announced the filing of a new Preliminary Economic Assessment (PEA) for its Nueva Recuperada project, highlighting a combined mining and processing capacity of 3,000 tonnes per day and an annual metal production exceeding 6 million ounces of silver equivalent. The PEA results suggest significant potential for Silver X to become a mid-tier silver producer, supported by two operating mines, Tangana and Plata. The company has received strong investor support, enabling it to proceed with development plans, including resource upgrades and mine operation optimizations, positioning it as a significant player in South America’s silver production landscape.
The most recent analyst rating on (TSE:AGX) stock is a Buy with a C$0.95 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 stock’s overall score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. While technical indicators show positive momentum, the valuation remains unattractive due to ongoing losses.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X Mining Corp is a company in the mining industry, primarily focused on silver production. The company operates in South America and aims to establish itself as a mid-tier silver producer through its district-scale projects, particularly the Nueva Recuperada project.
Average Trading Volume: 1,625,990
Technical Sentiment Signal: Buy
Current Market Cap: C$147.5M
For a thorough assessment of AGX stock, go to TipRanks’ Stock Analysis page.