Silver X Mining Q2 2025 Financial Results and Operational Performance FAQ

What is the main topic of this financial report?

Silver X Mining Corp’s financial results for the six months ended June 30, 2025, showing pre-tax profitability and operational performance at their Nueva Recuperada Project in Central Peru.

Why is achieving pre-tax profitability significant for Silver X Mining?

Achieving sustained profitability at this stage is a key milestone that provides a solid foundation for accelerated growth and positions the company for a transformative period.

How did Silver X’s operating income perform in the first half of 2025?

Operating income increased nearly 200% compared with the similar period in 2024, and in Q2 2025 specifically, it increased 55% to $847k compared with $547k in Q2 2024.

What were the pre-tax income results for the first half of 2025?

Pre-tax income during the first half of 2025 was 131% higher than the same period in 2024, with $166k profit compared to a loss of $539k in the prior year period.

How did net losses change year-over-year?

Net losses decreased by 71% to $410K for the six months ending June 30, 2025, compared to a loss of $1.4M in the prior year period.

What operational challenges did Silver X face in terms of production volume?

Processed tonnage declined by 9% year-to-date and by 22% in Q2 2025 compared to the same periods in 2024, while average AgEq head grades declined by 3.0% in Q2 2025 and 12.0% for the six-month period.

What development and exploration activities were completed during this period?

The company completed 1,788 meters of mine development in Q1 2025 to expand operations and access higher grade areas, and drilled 2,253 exploration meters in Q2 2025 as part of their 8,000 meters plan for 2025.

Where is Silver X’s Nueva Recuperada Project located?

The Nueva Recuperada Project is located in Central Peru, described as one of Peru’s most prolific yet underdeveloped silver and gold districts.

What is the company’s outlook for future performance?

CEO Jose Garcia stated that the company expects the coming quarters to reflect meaningful gains as they advance development and drilling activities, and believes a modest capital infusion will unlock the project’s full potential.

How does Silver X calculate AgEq (silver equivalent) ounces?

AgEq ounces processed and produced are calculated based on all metals processed and produced using the average market prices of each metal for each month during the period, with revenues from concentrate sales not considering metallurgical recoveries as they are built into the sales amounts.