Silver X Mining’s Nueva Recuperada project in Peru. Credit: Silver X Mining
Silver X Mining (TSXV: AGX) set 52-week highs in successive sessions this week off the back of positive financial results for the first half of 2025.
The Canadian miner, which owns the Nueva Recuperada silver project in central Peru and produces precious and base metals from its Tangana mining unit, reported last week that its operating income for the first six months increased threefold from last year.
This is despite a 22.9% decrease in silver-equivalent production from roughly 582,000 oz. to nearly 449,000 oz., a result of reduced ore processing and lower head grades compared to H1 2024.
The higher operating income, owing to a significant rise in realized silver and gold prices, helped the company to achieve pre-tax profitability of over $165,513 for the first half, compared to a pre-tax loss of $539,444 last year. Net…
