Silver X Mining CEO says strategic reset positions the company for growth in 2024 and beyond

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[{"type":"text","content":"Silver X Mining CEO says strategic reset positions the company for growth in 2024 and beyond\n \n \n (NewsDirect)\n \n \n \n \n Silver X Mining Corp. CEO José García\njoined Proactive's Stephen Gunnion with details of the\ncompany's third-quarter performance and a strategic operational\nreset that positions the company for growth in 2024 and beyond.\n \n \n The pause in operations was prompted by\nunderperformance in 1Q and 2Q, with declining grades and operational\nchallenges. The company realigned its main plan, focusing on areas\nwith better grades and established a new alliance with contractors to\nensure improved production.\n \n \n The\ntemporary shutdown of operations at Recuperado impacted 3Q financials,\nbut García anticipates competitive production costs in 4Q. Despite\nchallenges, he expressed confidence in profitability.\n \n \n Recuperado's transformation into a\nsignificant silver project remains on track, with plans to reach 2\nmillion ounces of silver equivalent annually by 2024.\n \n \n García highlighted a 12-year extension of\nthe social agreement with the local Huachocolpa community in Peru,\nemphasizing positive relationships.\n \n \n He also discussed a\nrestructured royalty agreement with Maverix Metal, a subsidiary of\nTriple Flag Precious Metals.\n \n \n \n Contact\nDetails\n \n \n \n Proactive USA\n \n \n +1 347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1965,"tagName":"div"}]

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