Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Silver X Extends Blenda Rubia Mineralization 160 Metres Below Historic Workings; Intersects High-Grade Silver Within Broad Multi-Vein Zone

Silver X Extends High-Grade Mineralization at Blenda Rubia, Draws Down Trafigura Loan

By The Northwire Desk — AI Analysis Jan 26, 2026 · 07:35 AGX · 1.35 Silver X Mining Corp.
Executive Summary

The news release dated January 26, 2026, contains three primary items: 1) Positive drilling results from the Blenda Rubia mine at the Nueva Recuperada project, extending mineralization up to 160 meters below historic workings and intersecting a high-grade silver core (505 g/t Ag over 3.0m within a broader 27.4m zone). 2) The first drawdown of a previously announced $2 million USD debt facility from Trafigura, accompanied by the issuance of 2.5 million warrants with a C$0.23 exercise price and a 15-month term. 3) A corporate update noting the conclusion of a strategic consulting service that was engaged in October 2025.

Material Impact

The news is positive but routine. The drilling results confirm the down-dip continuity and scalability of the Blenda Rubia vein system, which is a positive step in resource expansion. However, these results are from only three holes and are part of an ongoing, larger 40,000-meter drill program announced in October 2025. The financing drawdown provides expected, non-dilutive capital for operations but was already part of a known agreement with Trafigura from June 2025. The conclusion of the consulting service is administrative. In the context of the company's recent material news—including a major PEA, a $21.5 million financing, and record production—this release is an incremental, positive update but does not fundamentally alter the company's near-term trajectory or valuation.

AGX · Price
Company Overview

Silver X Mining Corp. is a Canadian silver producer and developer focused on its district-scale Nueva Recuperada Project in the Huachocolpa mining district of Huancavelica, Peru. The flagship project encompasses 20,795 hectares and includes multiple units: the currently producing Tangana Mining Unit, the development-stage Plata Mining Unit, and the exploration-stage Red Silver and Ccasahuasi targets. The company's strategy is to consolidate and develop undervalued assets, with a goal to increase annual production to over 6 million silver-equivalent ounces.

Read the original news release →

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Production / Operations Sep 22, 2026 · 07:30

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Resource Estimate Aug 06, 2026 · 07:35

Silver X reported record second-quarter volume alongside a lower average integrated sustaining cost, highlighting the onset of operating leverage.

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Silver X expands its Red Silver drill program fivefold with high-grade channel sampling results.

Drill Results Jul 09, 2026 · 07:35

Silver X’s plant hits 750 tpd nameplate capacity, driving a 57% quarter-on-quarter surge in silver equivalent output alongside a 55% increase in gold production.

Production / Operations