Silver X Delivers Record Quarterly Production During the Second Quarter of 2026
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.
Silver X Mining Corp. (AGX) reported record quarterly production at its Nueva Recuperada mine for the second quarter of 2026. Processed tonnage reached 62,252 tonnes, marking a 39% increase from the first quarter of 2026 and a 78% rise year-over-year. The processing plant operated at a nominal capacity of 750 tonnes per day, averaging approximately 684 tonnes per day throughout the quarter and achieving the full 750 tonnes per day rate in April.
Gold production rose to 2,204 ounces, up 55% from the first quarter of 2026 and 233% from the second quarter of 2025, driven by higher-grade zones with a gold head grade of 1.10 g/t. Silver production increased 40% sequentially to 175,560 ounces. Silver-equivalent ounces (AgEq) produced reached 283,029 oz, a 57% jump from the first quarter. Underground development advanced to 3,159 metres, supporting future production growth.
The company reaffirmed its long-term path toward approximately 6 million AgEq ounces annually by 2029. Realized metal prices used for AgEq conversion were US$73.85/oz for silver, US$4,528/oz for gold, US$0.88/lb for lead, and US$1.56/lb for zinc.
Silver X Mining Corp. (AGX) released its second-quarter production figures, confirming that the Nueva Recuperada plant has achieved its nominal capacity of 750 tonnes per day. The company reported a 57% sequential increase in AgEq production and a 233% year-over-year rise in gold output. These gains are expected to improve the revenue mix and drive margin expansion and free cash flow generation, independent of metal price movements. The operational progress supports the credibility of the company’s 2029 target of 6 million ounces of gold. The news follows a period of weakness for the stock, which fell 23% from early June to C$0.61.
Silver X Mining Corp. (AGX) is a Peru-focused silver-gold producer developing the Nueva Recuperada district in Huancavelica, a 20,795-hectare land package. The Tangana Mining Unit is in production underground, processing ore at the Recuperada plant, which has a permitted capacity of 1,100 tpd. A second unit, Plata, is slated for restart. High-grade satellite targets, including Red Silver and Blenda Rubia, along with the recently acquired Pampas project, provide district-scale exploration upside. The company is managed by a team with extensive Peruvian mining experience.