Silver X Mining Reports Record First Quarter Results for 2026

Silver X Mining Corp. announced strong financial results for the first quarter of 2026, marking a significant turnaround from previous quarters. The company's net income reached $4.6 million, a notable shift from a net loss of $0.3 million in the same period last year. Revenue surged to $13.4 million, a 155% increase year-on-year, driven by higher metal prices and enhanced operational performance.

Key contributors to this growth include improved mill throughput and a higher grade of ore processed. The company successfully closed a $50.3 million financing deal, bolstering its balance sheet with total assets now at $129.6 million, up 70% from the end of 2025. This financial strengthening supports the integration of the Pampas Gold-Silver Project, expanding Silver X into a multi-asset platform in Peru.

Operationally, Silver X achieved a 35% year-over-year increase in silver production and maintained stable mining volumes. The company is focusing on reaching a target production capacity of 1,000 tonnes per day by the third quarter of 2026, supporting long-term growth plans.