Northwire Canada EditionSunday, November 8, 2026
Northwire
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

Silver X Delivers Production Growth During the First Quarter of 2026

Production gains confirm Silver X’s ramp‑up trajectory, but upside remains capped until new capacity hits

Executive Summary

Silver X reported Q1 2026 operational results showing: - Processed tonnage up 8 % QoQ to 44,883 MT (plant at nominal capacity ~750 t/d).
- Silver output rose 10 % to 125,195 oz, gold production jumped 20 % to 1,419 oz, improving the revenue mix.
- Underground development reached a record 1,010 m in March, expanding access to additional ore zones.
- CEO José M. García highlighted higher tonnage, improved grades and stronger gold contribution as “a clear step forward” in the growth trajectory.

Material Impact

The Q1 production increase is a logical continuation of: - The 40,000 m drill program announced Oct 2025 (largest ever) aimed at scaling to 1,000 t/d by Q2 2026.
- The C$69 M convertible debenture closing (Mar 2026) that funded development and the upcoming capacity expansion.
- Prior operational ramps in Q4 2025 (+24 % tonnage) and earlier profitability improvements.

Because these results were broadly anticipated by analysts and align with previously disclosed guidance, the news is materially positive but routine – it confirms execution rather than delivering a surprise catalyst.

AGX · Price
Company Overview

Silver X focuses on the Nueva Recuperada silver district in Huancavelica, Peru. The flagship Tangana Mining Unit is already producing ~600 t/d with a target of 720 t/d by Q4 2025 and scaling to 1,000 t/d by mid‑2026. The adjacent Plata Mining Unit (development) and high‑grade exploration targets (Red Silver, Pampas) complement the core operation.

Read the original news release →

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