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Silver X provides investors with the opportunity to take part of the early stages of a high growth silver producer, currently in pre-production and commencing full commercial production in 2022. Silver X’s mission is to boost the existing resource at its 15,000-hectare Nueva Recuperada project and, by 2025, to quadruple throughput at its Recuperada mill to around 2,500 tonnes per day (2.5K tpd), up from today’s roughly 600 tonnes.

The company plans to conduct a scoping study in 2022 to make an economic case for a mill expansion. The mill restarted production in 2020 at 400 tpd, and throughput has since climbed to around 600 tpd – its rated capacity. By the end of July, the Tangana mine had sold $6.5M in polymetallic concentrates, and Silver X expects it to be around double that amount by the end of the year. The cash will help fund ongoing exploration.