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Silver X Mining Corp. (AGX.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2050+0.0100 (+5.13%)
At close: 03:09PM EDT
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  • C
    Clair
    In only one year they doubled up the resource at Nueva Recuperada. This district will provide sufficient opportunities to achieve good organic growth in the next 5 years. And Echelon has increased the Gregg price from 0.9 - 1.25. That’s amazing. The 30m market cap is a steal!
  • G
    George
    Over 180m Oz Silver Equivalent. This is a serious increase from the initial resource and I believe we can expect such growth of the resource in the future. I see a >300m Oz deposit here. They have always said they have a district scale project and it shows.
  • G
    George
    Keen on seeing the resource upgrade they have been talking about. They are in an amazing district and managed to consolidate over 20k hectares of ground. This is one of those companies that will constantly upgrade their resources for many years to come. I would not be surprised if they get to a few hundred million Oz in a few years.
  • W
    William
    So why aren't they making a profit yet on this "district scale" operation? Don't be a bagholder for another share diluting explorer.
  • C
    Clair
    I love how passionate are these guys for their ESG even though they are just a junior one.

    https://www.youtube.com/watch?v=is8y5yUW_fA
    Silver X | Ricardo Álvarez Meza
    www.youtube.com
  • G
    George
    Baker Steel joining the board is strong sign of a long term engagement. They got a good deal and AGX got a great institutional investors: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2860-tsx-venture/agx/119777-silver-x-announces-shares-for-debt-transaction-with-baker-steel.html
  • s
    svoboda
    Great news on upgrading the mill capacity as well as the recently published grades. What is missing are some good cooperation results such as the convertible loan investment. I believe it matures in June this year. Does anyone know more?
  • M
    Mike
    Good news. Coming. Wonder what it is.
  • j
    jerome
    Silver X announced some amazing news yesterday regarding its exploration and concentrate sales in yesterday’s news release.
    - Absolutely amazing results from the Maria Luz mine: 195,159 tonne inferred resource grading 496.10 g/t Ag (graded nearly quadruple the currently producing Tangana mine and double Esperanza)
    - Recently completed a 4,000m drill program now commencing a 25,000m expansion program with a budget of around $5.0M+
    - Phase 2 drilling will target Maria Luz, Esperanza, Tangana, and Mantos (I expect a lot more drilling results coming soon)
    The most crucial piece of news (at least to me) is the reported revenues of $6.5M YTD from the Tangana Mine by selling their silver-polymetallic concentrate. This sets them apart from other junior mining companies because most of them don't even produce an ounce for years during exploration. This extra revenue generated gives them another competitive edge against their fellow junior miners as well. Extra revenue can go towards funding exploration = not as much financing needed therefore less dilution for shareholders! Loving the company here!
  • B
    Booga
    I've been banging the drum in other investment groups about AGX for a couple weeks prior to it trading again. AGX owns multiple properties surrounding their processing facility that is permitted and in operation!
    Just raised $14M at 60c as part of the acquisition, but in October last year they raised at 41c which came free trading during the halt. Right now the stock is under some pressure presenting a fantastic opportunity to buy in below the price point that the big money took at 60c.

    AGX for a $43M market cap gets you:
    - Silver producer and explorer
    - 68M oz of silver
    - Processing facility being ramped up to produce 2.3M oz of silver per year by end of next year
    - More than $12M cash
    - 73,000m drill program to commence soon

    The best risk reward Silver play here now.

    Quick summary video: https://youtu.be/zsWLLbiN8oQ
    My DD Packet: https://www.reddit.com/r/Canadapennystocks/comments/o0jmma/this_highgrade_peruvian_silver_miner_is_about_to/
    Silver X | José M. García, CEO
    www.youtube.com
  • G
    George
    The CEO has just bought another 50k shares in
    the market. Insider buying is a good indicator for good news or even a re-rating coming up. Good time to follow. Definitely a buy!
  • J
    Jordan
    My favourite thing about $AGX is that it's in PRODUCTION! Recent news release updated on their progress this year.

    - Completed a 4,000m infill drill program at their Tangana Mine (4.8M tonnes of inferred resource grading 116g/t Ag)
    - Maria Luz has reported an amazing 496g/t Ag grade in 195k tonnes of inferred resources
    - Update on revenue: $6.5M YTD in concentrate sales! Rarely any other junior miners can produce this early on; as production ramps up, I can only expect the revenue numbers to jump higher over the last half of this year.
    - More revenue generated = more money going towards development, and less money is taken out in loans, financing, and debt

    So with $6.5M in YTD sales and expanding production capabilities I can only expect even more revenue growth for the last half of the year. All I can say is that this is extremely undervalued at these levels.
  • D
    Dirkus
    I stepped in. I sold HECLA, and bought SILVER X instead. This stock has quite a lot of potential.
    Last week: Silver X Intersects 7,232.83 g/t AgEq over 0.95 Metres Within 130-Metre-Long Ore Shoot
    Nueva Recuperada 70 million oz of AGEQ
    Production 1.5 million oz of AGEQ
    Cash $10 million - $4 million debt + free cash flow
    Insider ownership is 30%
    Market cap. 45 million
    Insider buying recently: 200.000 shares @ $0.34
    Yesterday volume 600% today compared to average
    +8% at open to fall back to +4% at end of the day.
  • C
    Corey
    AGX has just had a halt. looks like something is going on here. lots of volume in this one. Keep a close eye on the news from them.
  • C
    Clair
    Red Cloud live webinar event
    Interesting live webinar event coming out with Jose Garcia, CEO of Silver X Mining Corp. on Wednesday, April 6 for a Red Cloud Financial Services Inc. with event moderator, Timothy Lee, Mining Analyst.
    https://redcloudfs.com/rcwebinar-agx-2/?fbclid=IwAR1Tat7d2eMszznBjB_wD-2zVxemPILCvD_vs837RR5pzw7gALEswbE0nvk
    This company was listed as a buy recommendation in the Echelon newsletter. In my opinion a promising silver producer and investment opportunity.
    https://advisor.echelonpartners.com/research/content/agx20211209inititation.pdf
    TSX.V: AGX | OTCQB: AGXPF | FRA: WPZ
  • H
    Henry
    Exciting updates from one of my favorite silver plays, Silver X ($AGX OTC: WRPSF). At their Tagana project, results from 2/4 holes: 928.13g/t AgEq over 1.38 metre interval and 631.71g/t AgEq over 0.92 metre interval. These results are promising supporting their model that Tagana can be expanded to become a high-grade, multi-vein mine. Value has trended extremely bullish following this announcement, your sign to get in on the run!
    https://apnews.com/press-release/accesswire/business-c59af07660a9e1b67a658bd01db880c2
  • G
    George
    109.7 million ounces in 2020. Considered as one of the country’s most promising producers, Silver X Mining is well-primed to deliver leverage on the rising demand...
    https://financialpost.com/business-trends/why-do-investors-have-their-eyes-on-this-high-growth-silver-producer
  • H
    Henry
    SilverX is priced at a discount right now with a single solid news day could see its value blow. There are significant catalysts to be considered with the price of $AGX:

    1- Tagana continues expansion, development and drilling underway
    2-operational continuity in San Antonio project
    3-Construction of tailings dam
    4-strong contextual geological aspects in Tagana West alone: 9,379 g/t Ag, 2.7% Pb and 1% Zn over 1.5 m.

    Check out this video highlighting Tagana: https://www.youtube.com/watch?v=8Zt0yu5IfFs&ab_channel=SilverXMining
    Silver X | H1 2021 Review & H2 2021 Catalysts
    www.youtube.com
  • C
    Clair
    Results of the underground resource expansion and diamond drilling at Tangana Mining Unit in Peru include 148.89 AgEq over 11.5 m in TN-2022-015 including 371.99 g/t AgEq over 1.5 m and 244.2 g/t AgEq over 2.76 m.
    Resource expansion and further drilling I believe will be key catalysts for this stock.