Silver X Mining Corp. Reports Positive Q1 2025 Financial Results

Silver X Mining Corp. has announced its financial results for the first quarter of 2025, revealing a pre-tax profit of $20,084, a notable improvement from previous quarters. The company's Nueva Recuperada Project in Central Peru has shown increased operational efficiency, reflected in a 241% improvement in EBITDA compared to the previous quarter.

The company has reported a net cash increase to $1.4M, boosted by a private placement, enhancing its liquidity position. Operating income rose significantly to $786K from a minimal $6K in the same period last year. Additionally, Silver X has seen a 10% rise in net operating revenues, driven by higher average realized prices for silver.

Silver X also completed over 2,300 meters of mine development, laying groundwork for its 8,000-meter drilling campaign at the Tangana Mining Unit. This positions the company well to capitalize on a strong silver market outlook.