Silver X Mining Reports Strong Q1 2024 Results at Nueva Recuperada Project

Silver X Mining Corp announced a 20% increase in mine production and a 2.7% rise in silver equivalent processing at its Nueva Recuperada silver project in Peru during the first quarter of 2024. The company also achieved improved silver recovery rates of 89.2% at the project during this period, meeting its operational targets for Q1.

CEO José Garcia commented that the results confirm the company's Nueva Recuperada operations are on track, and the combination of production, growth, first quarter makes Silver X an attractive investment case. "The Q1 2024 results reflect a steady progression in Silver X's operational performance, reinforcing its position as a potentially appealing investment in the silver mining sector," Garcia stated.

Why this matters: Silver X's strong Q1 2024 results demonstrate the company's ability to efficiently extract silver resources and meet mining production targets. As demand for silver continues to rise, Silver X is positioning itself as a key player in the industry.

In addition to the Nueva Recuperada project, Silver X Mining also produces silver, gold, lead, and zinc at its Tangana project in Peru. The company noted that the decision to commence production and ongoing mining operations are based on economic models and the existing estimate of mineral resources, rather than a detailed economic and technical analysis in accordance with NI 43-101.

"The Q1 2024 results reflect a steady progression in Silver X's operational performance, reinforcing its position as a potentially appealing investment in the silver mining, reports, increased production sector," CEO José Garcia reiterated. With the company meeting its Q1 targets, Silver X is aiming to replicate this success in Q2 2024 and continue its strong operational performance at the Nueva Recuperada project.

Key Takeaways

• Silver X Mining reported 20% increase in Q1 2024 mine production and 2.7% rise in silver equivalent processing.
• The company achieved 89.2% silver recovery rate, meeting its Q1 operational targets at the Nueva Recuperada project in Peru.
• CEO stated the Q1 results reflect steady operational progress, making Silver X an attractive investment in the silver mining sector.
• Silver X also produces silver, gold, lead, and zinc at its Tangana project in Peru based on economic models and mineral resource estimates.
• The company aims to replicate its Q1 success in Q2 2024 and continue strong operational performance at the Nueva Recuperada project.