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Silver X Mining (AGX) investor relations material
Silver X Mining Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record net income of $4.6M in 1Q26, reversing prior losses and marking a return to profitability.
Net operating revenue reached $13.4M, up 155% year-over-year and 40% sequentially.
Closed a $50.3M senior secured convertible debenture, the largest in company history, strengthening the balance sheet.
Completed acquisition of Pampas Gold-Silver Project, establishing a multi-asset platform in Peru.
Financial highlights
Operating income rose to $7.0M, up 791% year-over-year and 89% sequentially.
EBITDA was $6.1M and adjusted EBITDA $5.9M, both showing significant improvement over prior periods.
Cash and cash equivalents increased to $53.8M from $10.1M at year-end 2025.
Total assets grew to $129.6M, up from $75.4M at December 31, 2025.
Outlook and guidance
Advancing toward 1,000 tpd production run-rate at Nueva Recuperada in 3Q26.
Targeting approximately 6 million silver equivalent ounces of annual production by 2029.
Ongoing 40,000-meter drill program with 8,732 meters completed in 1Q26 to expand and upgrade resources.
- Targeting 6M AgEq oz annual production by 2029 with strong growth and ESG focus.AGX
Corporate presentation29 May 2026 - Margin expansion and record revenue in 2025 set the stage for scalable production growth.AGX
Q4 202530 Apr 2026 - Targeting 6M AgEq oz annual production by 2029 with strong growth, low costs, and ESG focus.AGX
Corporate presentation30 Apr 2026 - Q3 2024 delivered strong revenue growth, improved margins, and lower costs, setting up for 2025 gains.AGX
Q3 202423 Mar 2026 - Revenue up 34% year-over-year, with improved margins and positive EBITDA in Q2 2024.AGX
Q2 202423 Mar 2026 - Revenue up 39% and EBITDA turned positive in 2024, driven by higher production and prices.AGX
Q4 202423 Mar 2026 - Returned to pre-tax profitability in 1Q25 with higher revenues, lower costs, and improved liquidity.AGX
Q1 202523 Mar 2026 - Pre-tax profitability and operating income surged, while net losses and production volumes declined.AGX
Q2 202523 Mar 2026 - Net loss fell 80% year-over-year and EBITDA turned positive as expansion accelerates.AGX
Q3 202523 Mar 2026
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