Silver X Mining Corp.
Cost Savings Offset Production Dip Amid Expansion Plans
Published: 5/28/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:AGX.V - NEO 🔹AGXPF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | US $0.2 |
| Fair Value | US $0.76 |
| Risk | 4 |
| 52 Week Range | US $0.12-0.38 |
| Shares O/S (M) | 222 |
| Market Cap. (M) | US $44 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 2.1 |
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Report Highlights
Highlights
- AGX is up 25% since our April 2025 report, outperforming the Junior Silver Miners ETF, which rose 6%.
- While Q1 production at the Nueva Recuperada silver-polymetallic mine in Peru was weaker than expected (down 8% QoQ), lower cash costs (down 14% QoQ) helped offset the impact. We note that QoQ volatility in production metrics is not uncommon for miners.
- Due to lower production, revenue declined 10% QoQ, missing our estimate by 9%. However, due to lower cash costs, EBITDA turned positive, EPS improved, and margins strengthened across the board.
- Production at the Plata Mining Unit (PMU) is expected to begin in 2026, with management targeting annual production of 6 Moz by 2028, up from the current run rate of approximately 1 Moz
