Silver X Mining Corp. Reports Financial Results for 2Q25

Silver X Mining Corp. announced its financial results for the first half of 2025, highlighting sustained pre-tax profitability at its Nueva Recuperada Project in Peru. Despite a 9% decrease in processed tonnage compared to the previous year, the company recorded significant financial improvements. Operating income surged nearly 200% in the first half of 2025 compared to the same period in 2024, with a 55% increase in 2Q25 alone. Pre-tax income also improved dramatically, reaching $166k from a $539k loss in 2024. Net losses decreased by 71% to $410k for the period.

CEO Jose Garcia emphasized steady progress and the potential for future growth with a modest capital infusion. However, challenges remain as average AgEq head grades fell by 12% for the first half of 2025. The company completed 2,253 meters of exploration drilling in the second quarter, aligning with its 2025 target of 8,000 meters.

Sustained financial performance was offset by a 14% decrease in net operating revenues and a drop in EBITDA from $2.2M to $908K year-over-year. Investment in sustainable CAPEX and the Tangana Mining Unit were noted as key factors influencing cost structures. Looking forward, Silver X aims to harness its underdeveloped potential for accelerated growth.