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
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.
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.
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.