Silver X Delivers Record Quarterly Production During the Second Quarter of 2026

About this update from Silver X Mining Corp

Silver X Delivers Record Quarterly Production During the Second Quarter of 2026Processed tonnage increased 39% quarter-over-quarter and 78% year-over-year, as the Nueva Recuperada plant sustained nominal capacity through the quarter.Gold production rose 55% quarter-over-quarter and 233% year-over-year, with silver up 40% and 75% respectively. VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / SILVER X MINING CORP. (TSXV:AGX)(OTCQX:AGXPF)(F:AGX) ("Silver X" or the "Company"), a precious-metals exploration, development, and production company operating a multi-asset platform in Peru, is pleased to announce its production results for the second quarter ending June 30, 2026 ("2Q26") at the Company's Nueva Recuperada property (the "Project") in Peru.Second Quarter 2026 Production HighlightsProcessed tonnage increased to 62,252 MT in 2Q26, up 39% from 44,883 MT in 1Q26 and up 78% from 34,899 MT in 2Q25, as processing capacity continued to ramp at the Nueva Recuperada plant. The plant averaged approximately 684 MT per day during the quarter, with April reaching approximately 751 MT per day, meeting the plant's nominal capacity of 750 MT per day.Silver ounces processed increased to 175,560 oz in 2Q26, up 40% from 125,195 oz in 1Q26 and up 75% from 100,193 oz in 2Q25, driven by higher throughput.Gold ounces processed rose to 2,204 oz in 2Q26, up 55% from 1,419 oz in 1Q26 and up 233% from 663 oz in 2Q25, driven by higher throughput and gold head grades averaging 1.10 g/t as the Company targeted higher-value zones.Silver equivalent ounces (AgEq) processed reached 380,436 oz and AgEq produced reached 283,029 oz in 2Q26, up 50% and 57% respectively over 1Q26.Underground development totaled 3,159 metres in 2Q26 (compared to 2,440 metres in 1Q26), enhancing access to additional mining areas and supporting sustained production growth.First half 2026 production reached approximately 634,000 AgEq oz processed and 463,000 AgEq oz produced, consistent with the Company's path toward approximately 6 million AgEq ounces annually by 2029."The second quarter confirms the operational step forward we signaled at the end of the first quarter," said José M. Garcia, CEO of Silver X. "Lifting throughput 39% quarter-over-quarter while sustaining nominal plant capacity, together with a 55% increase in gold production, demonstrates the operating leverage of Nueva Recuperada as we conti...

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