Northwire Canada EditionFriday, October 30, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3% Gold 4,033.10 +0.0% Silver 52.06 −0.3% Copper 6.58 −0.2% Oil 102.80 +0.8% Palladium 1,002.00 +0.3% ONAU 0.530 −1.9% WMS 0.075 +0.0% CAD 2.34 −2.5% NGEX 21.53 −1.3% CG 28.52 −3.7% PPX 0.220 −8.3% CS 11.77 −2.1% EMO 0.295 +0.0% IPT 0.225 +0.0% TECK 89.22 +1.3% SLG 5.95 +0.8% FT 0.095 +2.7% SGQ 0.330 +6.5% AUAU 0.440 +6.0% FVL 0.830 −2.4% AYA 34.15 −3.3%
Resource Estimate Routine +

Silver X Files NI 43-101 Technical Report for the Updated Nueva Recuperada Mineral Resource: 10.4 Mt Measured and Indicated at 202 g/t AgEq (67.3 Moz AgEq) and 21.6 Mt Inferred at 260 g/t AgEq (184.3 Moz AgEq)

Silver X advances resource de-risking while delaying plant ramp-up to the first half of 2027.

By The Northwire Desk — AI Analysis Oct 30, 2026 · 07:20 AGX · 0.67 Silver X Mining Corp.
Executive Summary

Silver X Mining Corp. (AGX) filed the NI 43-101 Technical Report for the updated Nueva Recuperada Mineral Resource Estimate, effective August 31, 2026. The company corrected minor transcription and unit conversion errors from the September 22, 2026 headline release, adjusting Measured and Indicated (M&I) AgEq down by 3.5 moz and Inferred AgEq up by 3.5 moz.

Following these adjustments, M&I resources increased 173% in tonnage and 107% in AgEq ounces to 10.4 Mt at 202 g/t AgEq (67.3 moz AgEq). Inferred resources stand at 21.6 Mt at 260 g/t AgEq (184.3 moz AgEq). M&I resources now cover 85% of the 12.25 million tonne inventory used in the 2025 Preliminary Economic Assessment (PEA), up from 31% at the prior estimate.

The Recuperada plant expansion is now targeted to reach 1,100 tpd in 1H27, with full environmental permit approval for 1,500 tpd expected in 4Q28.

Material Impact

Silver X Mining Corp. (AGX) filed an NI 43-101 report that validates the geological foundation of its 2025 Preliminary Economic Assessment (PEA) and materially reduces resource uncertainty by elevating measured and indicated (M&I) coverage to 85%. The update does not alter the PEA's economic assumptions, capital expenditure requirements, or long-term production targets.

The filing also includes a timeline adjustment for the 1,000 tonnes per day (tpd) plant expansion and the 1,500 tpd permitting process, which slightly delays the path to scale and tempers near-term cash flow visibility.

Market reaction has been muted, with the stock trading in a defined range, indicating that the resource growth was already priced in following the September 22 headline.

AGX · Price
Company Overview

Silver X Mining Corp. (AGX) operates the Nueva Recuperada Silver & Gold Project in Huancavelica, Peru, a land package comprising 20,795 hectares with more than 200 exploration targets. The company’s mining operations are divided into four units: the producing Tangana mine, the developing Plata project which holds bulk tonnage potential, the high-grade veins of Red Silver, and the Pampas project, an acquired gold-silver asset.

Processing capabilities are centered on the Recuperada plant, which currently operates at a nominal capacity of 750 tonnes per day (tpd). The facility is scheduled to expand to 1,100 tpd in the first half of 2027. Silver X Mining Corp. is pursuing a district-scale platform strategy aimed at producing 6 million silver-equivalent ounces annually by 2029.

Read the original news release →

More from Silver X Mining Corp.

Oct 08, 2026 · 07:35

Silver X delays its 1,000 tpd target to the fourth quarter of 2026 after third-quarter silver equivalent production fell 20% quarter-on-quarter.

Production / Operations Sep 22, 2026 · 07:30

Silver X increased measured and indicated resources by 173% while advancing a de-risked preliminary economic assessment for its project.

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.

Earnings Jul 22, 2026 · 07:35

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 Jun 04, 2026 · 07:35

Silver X acquires the Ccasahuasi project to consolidate its district footprint, though speculative resources temper near-term upside.

Resource Estimate