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Silver X Provides Q4 and Half Year 2022 Production Results and Declares Commercial Production
VANCOUVER, BC / ACCESSWIRE / January 19, 2023 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(F:W...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Provides Q4 and Half Year 2022 Production Results and Declares Commercial ProductionVANCOUVER, BC / ACCESSWIRE / January 19, 2023 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(F:WPZ) (\"Silver X\" or the \"Company\"), is pleased to announce its operating results for the fourth quarter (\"Q4\") of 2022 and for the year ended December 31, 2022 from the Tangana mining unit (\"Tangana\") at the Company's Nueva Recuperada property (the \"Project\") in Peru and declares commercial production effective January 2023.H2 2022 Production highlights (compared to 2021)Half year silver equivalent(1) (AgEq) head grade of 422 AgEq g/t in the second half of 2022 (\"H2\")Processed 181% more AgEq ounces in H2 2022 than H2 2021, 874,662 oz AgEq versus 311,249 oz AgEqProduced 159% more AgEq ounces in the H2 2022 than H2 2021, 673,458 oz AgEq versus 260,153 oz AgEqQ4 2022 Production highlights (compared to Q4 2021)Quarterly AgEq (1) head grade of 367 g/t AgEq in Q4 2021Processed 114% more AgEq ounces in the Q4 2022 than Q4 2021, 393,622 oz AgEq versus 184,332 oz AgEqProduced 101% more AgEq ounces in Q4 2022 than Q4 2021, 302,386 oz AgEq versus 150,440 oz AgEqContinued quarter over quarter improvements in tonnes mined and processed\"We are pleased with our strong finish to 2022 and excited to commence commercial production at the Project in 2023\" said José Garcia CEO of Silver X. \"2022 was a transformational year as we delivered quarter over quarter increase in production and mining. Continued exploration at the Project is poised to provide consistent production and cash flow in the coming year. We look forward to continuing building value for all our stakeholders.\"Commercial ProductionThe declaration of commercial production at the Project comes after a successful commissioning period over the year 2022 which included the ramp up of mining and processing activities at the Project to sustainable metal throughput levels. All key mill upgrades and mine development works completed to date have demonstrated its ability to sustain ongoing production levels as the Tangana mine continues to develop and grow its production. The Company will continue to seek opportunities to further optimize the throughput and availabilities to achieve and ultimately exceed the Mine's current 720 tonne per day design nameplate capacity.Continuing project dev...