Silver X Mining Corp. generated record quarterly net operating revenue of $17.3 million for the three months ended June 30, 2026, marking the third consecutive quarter of sequential revenue growth. The performance was supported by record throughput of 62,252 tonnes at the Nueva Recuperada project in Peru, which resulted in a 57% increase in silver equivalent (AgEq) production to 283,029 ounces.

Operating costs improved during the period, with all-in sustaining costs (AISC) falling 13% quarter-over-quarter to $46.10 per AgEq ounce. This reduction reflects the early impact of the ongoing operational ramp-up. The company reported a net income of $7.7 million for the first half of 2026, a turnaround from the $0.4 million net loss recorded in the corresponding period of 2025.

Silver X ended the quarter with $49.7 million in cash, providing capital for its development and exploration programs. The company targets achieving a 1,000 tonne-per-day production run rate at Nueva Recuperada during 3Q26.

“This quarter demonstrates the growing strength of Nueva Recuperada. We delivered record revenue and adjusted EBITDA despite lower sequential silver and gold prices, as record throughput and higher precious-metal production drove another quarter of growth.”

“Importantly, AISC declined both per ounce and per tonne, providing early evidence of the operating leverage we expect from the ramp-up. With $49.7 million in cash, an expanded exploration program and a clear path toward a 1,000-tonne-per-day run rate, Silver X enters the second half of 2026 from its strongest operating and financial position to date.”

— José M. Garcia, CEO

Read the full announcement: Silver X Mining Corp. Reports Record 2Q26 Revenue of $17.3M, up 29% over 1Q26, and $7.7M of First-Half Net Income