Silver X Mining Corp.
Silver X Mining produces silver, gold, lead, and zinc from its 100%-owned Nueva Recuperada polymetallic complex spanning 20,472 hectares in Huancavelica, Peru, reporting record Q1 2026 results with US$4.6 million in net income and a significantly expanded balance sheet following a US$50.3 million senior secured convertible debenture financing closed in March 2026.
Notable vs. Peers
- All-in sustaining cost of $53.24/oz AgEq is 60% higher than the peer producer average of $33.31/oz AgEq.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Oct 2021 · Source
- Oct 2021 · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)6/10
Peru is an established Latin American mining jurisdiction with a mature regulatory framework, but carries moderate permitting, community-relations, and political-continuity risk relative to Canada/US/Australia.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Nueva Recuperada Silver Project, Huancavelica, Peru.
Nearby producing mine (20%)9.7/10
Julcani (Compania de Minas Buenaventura S.A.A.) is 25 km away -- within regional-platform range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:7.5/10
Nearest producing mine: Julcani (Compania de Minas Buenaventura S.A.A.), 25 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Peru: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Silver X Mining Corp., and a co-founder of the company. Brings over 20 years of experience in mining engineering to the role, having held positions with various companies including Anglo American, Inmet and BHPB, with operations and production experience in Peru, Chile, Spain, Australia and Switzerland. Highly skilled in the areas of mineral economics, project management, people's management and sustainable development. Holds an M.Sc from Universidad Politécnica de Madrid and an M.Phil from The University of Queensland, and is a World Economic Forum Leadership Fellow.
Chief Financial Officer of Silver X Mining Corp., having joined in 2024 with more than 25 years of experience in finance at leading international companies in the mining, construction and asset management sectors. Prior to joining Silver X he served as a consultant advising companies on strategic planning, finance and administration, held CFO positions at Sierra Sun Group and STRACON, and was the Corporate Development Officer at Volcan Compañía Minera where he became the company's Investor Relations Officer, developing the firm's first investor relations department. Holds an MBA in Finance from Drexel University, a BA from the University of Vermont, and certifications in NI 43-101 Technical Reports for Mining Projects and IFRS Accounting for Mining; a founding member of CFA Society Peru and a member of the Institute of Mining Engineers of Peru.
Vice President, Corporate Development and Commercial of Silver X Mining Corp. Brings more than four years of experience with Silver X, having previously served as General Manager of Administration and Finance at the company's Peruvian operating subsidiary, Recuperada S.A.C., where he played a central part in strengthening Silver X's administrative, financial, operational and commercial platforms. His responsibilities expanded beyond finance and administration to encompass operational coordination and commercial execution, and his understanding of Silver X's operations combined with his financial and commercial expertise positions him to support the company's corporate development initiatives and strategic growth objectives.
General Manager of Silver X Mining Corp., having been engaged with the company for the past two years in leadership and advisory roles. A specialist in talent development and organizational strategy, recognized for building high-performance teams and embedding accountability and strategic execution across operations. As General Manager he focuses on organizational alignment and the disciplined execution of Silver X's business plan.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
The only institutional money visible on Silver X's register comes through rules-based sector funds rather than anyone making a decision about this company specifically: ALPS Advisors held 8,346,243 shares, about 2.9%, and U.S. Global Investors 1,000,000 shares, about 0.35%, both as at 30 June 2026. Both run index-like precious-metals ETFs, so these are inclusion mechanics rather than conviction. No producer or strategic mining investor holds a stake, total institutional ownership is 2.6%, and no insider purchases are on record. This is a checked-and-found-nothing result, not a judgement about the company.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Silver X Mining produces silver, gold, lead and zinc from its 100%-owned Nueva Recuperada polymetallic complex, covering 20,472 hectares in Huancavelica, Peru, where commercial production was declared in January 2023. Its resource estimate effective 31 August 2026 has 41,770,000 oz of silver in measured and indicated resources (9,870,000 oz measured and 31,900,000 oz indicated) plus 120,100,000 oz inferred. The expanded preliminary economic assessment, effective May 2025, shows an after-tax NPV5% of US$439M and a 69% IRR, with initial capital of about US$82M and a 14-year mine life at 3,000 tpd averaging about 6.2 Moz of silver equivalent a year, and an updated study is planned. All-in sustaining cost was US$53.24 per silver-equivalent ounce in Q1 2026.