Silver X's Nueva Recuperada produces 667 oz Au in Q4

Executive Summary

• Silver X Mining Corp. reported strong sequential production growth for Q4 2025 at its Nueva Recuperada property in Peru, driven by increased processing throughput and consistent head grades.
• The company achieved significant quarter-over-quarter increases in silver equivalent ounces processed (+17%) and gold production (+67%), while navigating higher average silver prices.
• Management highlighted ongoing operational ramp-up, continued development of new mining fronts, and execution of a 40,000-metre drilling program to support sustained production growth and district-scale resource expansion.

Key Details

• Processed tonnage reached 41,635 tonnes in Q4 2025, a 24% sequential increase from 33,505 tonnes in Q3 2025.
• Silver equivalent ounces processed totaled 266,995 oz in Q4 2025, up 17% sequentially from 227,315 oz in Q3 2025.
• Gold production reached 667 ounces in Q4 2025, a 67% sequential increase from 398 ounces in Q3 2025.
• Average silver price in Q4 2025 was approximately $55/oz, compared to $40/oz in Q3 2025.
• Operational performance maintained consistent head grades despite higher throughput and price increases.
• The company is advancing a previously announced 40,000-metre drilling program alongside the development of new mining fronts to support near-term production growth and long-term resource expansion.
• The Nueva Recuperada project is a 20,795-hectare district-scale land package in Peru targeting approximately six million silver equivalent ounces annually by 2029.
• Production is currently based on economic models and existing mineral resources rather than a NI 43-101 compliant reserve estimate, carrying increased technical and economic uncertainty.

Notable Quotes

• "This quarter marks an important step forward in Silver X's operational ramp-up," said Jose M. Garcia, CEO. "We delivered strong sequential growth in throughput and production while maintaining grade consistency, validating the investments we've made in development and operational co-ordination. The increase in gold production further strengthens our revenue mix and cash flow profile. As we continue to open new mining fronts and advance our 40,000-metre drilling program, we are positioning Nueva Recuperada for sustained production growth and meaningful district-scale value creation."