Silver X Reports Strong Production Growth in Q1 2024

Silver X Mining Corp., a prominent silver mining company in Central Peru, has reported notable production growth in the first quarter of 2024 at its Nueva Recuperada property. The company experienced a 20% increase in mining tonnage compared to the fourth quarter of 2023 and a 3% rise in silver equivalent processing amounting to 363,795 oz AgEq. This reflects a sustained upward trend in production, continuing from the project's restart in September 2023.

Additionally, the recovery rates of silver during this period improved, reaching an average of 89.2%. This boost indicates enhanced efficiency in the company's mineral extraction processes. CEO Jose M. Garcia highlighted the operational successes and ongoing cost reduction efforts across corporate and operational levels.

The company's strategic outlook for the second quarter remains optimistic, with plans to emulate the recent production successes. Silver X's ongoing advancements at the Tangana Mine are set to complement these operational achievements. The production metrics utilized in the report are based on metal prices of U.S. $23.56 per oz for silver and other respective prices for additional metals like gold, lead, and zinc.