Business
Silver X Mining Corp. Delivers Record 1Q26 Results with $4.6M Net Income and Significant Balance Sheet Expansion
(All dollar amounts expressed in US dollars unless otherwise noted) VANCOUVER, BC / ACCESS Newswire / May 29, 2026 /SILVER X MINING CORP. (TSXV:AGX)(OTCQX:AGXPF)(F:AGX) ("Silver X" or the "Company"), a growing precious metals producer building a multi-asset ...
About this update from Silver X Mining Corp
[{"type":"text","content":"(All dollar amounts expressed in US dollars unless otherwise noted)","length":67,"tagName":"p"},{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / May 29, 2026 / SILVER X MINING CORP. (TSXV:AGX)(OTCQX:AGXPF)(F:AGX) ("Silver X" or the "Company"), a growing precious metals producer building a multi-asset platform in Peru, reports its financial results for the three months ended March 31, 2026, from its Nueva Recuperada Project.","length":336,"tagName":"p"},{"type":"text","content":"1Q26 Highlights: Strong Revenue Growth and Significant Balance Sheet Expansion","length":78,"tagName":"p"},{"type":"text","content":"Silver X delivered a strong start to 2026, driven by higher realized metal prices, increased mill throughput, and continued operational execution.","length":146,"tagName":"p"},{"type":"text","content":"Key highlights include:","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net operating revenue of $13.4 million, up 155% compared to 1Q25 and 40% compared to 4Q25","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income of $7.0 million, up 791% compared to $0.8 million in 1Q25 and 89% compared to $3.7 million in 4Q25","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $4.6 million, compared to a net loss of $0.3 million in 1Q25 and a net loss of $4.0 million in 4Q25","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA of $6.1 million and adjusted EBITDA of $5.9 million, reflecting a significant improvement and stronger performance compared to prior periods","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents of $53.8 million at quarter-end, up from $10.1 million at December 31, 2025","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"Total assets of $129.6 million, up from $75.4 million at December 31, 2025","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed a $50.3 million senior secured convertible debenture financing on March 18, 2026, the largest financing in the Company's history","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Completed the acquisition of the Pampas Gold-Silver Project, transitioning Silver X into a multi-asset platform in central Peru","length":127,"tagName":"p"}]}],"tagName":"ul...