Silver X Mining Corp. Achieves Record Revenue in 2Q26

Silver X Mining Corp. has announced impressive financial results for the second quarter of 2026, marking significant growth. The company reported a record net operating revenue of $17.3 million, reflecting a 29% increase from the previous quarter and a 221% increase year-over-year. This achievement represents the third consecutive quarter of sequential growth.

Despite a 20% decline in silver prices, Silver X saw a record adjusted EBITDA of $6.9 million, thanks to production growth from its Nueva Recuperada Project in Peru. The company's first-half net income reached $7.7 million, a turnaround from a net loss of $0.4 million during the first half of 2025.

Silver X's improved financial position is credited to enhanced throughput, strategic mine sequencing, and a strong balance sheet. The firm ended the quarter with $49.7 million in cash and aims to hit a 1,000-tonne-per-day run rate in the third quarter of 2026.