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OTCQB:AGXPF

Silver X Announces Record Operating Earnings of US$2 Milion and All-in-Sustaining Cost per Silver Equivalent Ounce Produced of US$15.8 in the Third Quarter 2022

VANCOUVER, BC / ACCESSWIRE / November 28, 2022 / SILVER X MINING CORP. (TSXV:AGX)(OTCQB:AGXPF)(FRA:WPZ) (“Silver X” or the “Company“) is pleased to report its interim financial results for the three and nine months ended September 30, 2022. The full version of the condensed consolidated interim financial statements and accompanying management discussion and analysis can be viewed on the Company’s website at www.silverxmining.com and on SEDAR at www.sedar.com. All financial information is prepared in accordance with International Financial Reporting Standards (“IFRS”) and all dollar amounts are expressed in US dollars unless otherwise stated.

Mr. Jose M. Garcia, CEO of Silver X stated, “Month over month production improvements were the hallmarks of the positive financial results during this quarter that we hope to see continue through the remainder of the year as we continue ramping up to commercial production” Mr. Garcia continued, “During the quarter we continued our track record of consistent execution while laying the building blocks for long-term growth and tightening our operations further to continue improving our operating margins. As we are transiting through the last stage of the ramp up of our operations, we will be providing the updates on operational results on quarterly basis as opposed to the monthly updates provided to date”.

Q3 2022 Highlights

Record quarterly operating revenues of $5.5 million, representing a 73% increase from previous quarter.
Record quarterly operating earnings attained of $2.0 million.
The Company achieved net gain in a quarter for the first time, with a net gain of $0.2 million.
Cash costs(1) of $11.0 per silver equivalent (“AgEq”) ounce produced(1)(2) and All-In-Sustaining Cost(1) (“AISC”) of $15.8 per AgEq ounce produced(1)(2).
Record monthly AgEq ounces processed in August of 195,039(2).
Record quarterly AgEq ounces processed and produced(2) of 481,040 and 371,072, respectively.
https://www.miningstockeducation.com/2022/11/silver-x-announces-record-operating-earnings-of-us2-milion-and-all-in-sustaining-cost-per-silver-equivalent-ounce-produced-of-us15-8-in-the-third-quarter-2022/
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