A Bright Future for Silver 

Written by José García, President & CEO, Silver X Mining 

For those who’ve spent time in the silver sector, it’s clear that we’re entering a pivotal moment. Silver is increasingly tied to the technologies shaping the modern world – electric vehicles, solar power, advanced electronics – all of which are driving demand for a metal that’s both precious and essential. 

At the same time, the investment narrative is shifting. Canadian investors are no longer just looking for high-grade resources; they’re looking for companies with a strategy, a scalable model, and a commitment to long-term value creation. 

This is where district-scale thinking comes in – and why Silver X Mining has focused its efforts in one of the most overlooked but highly prospective silver belts in the world: the Huancavelica region of central Peru. 

Rethinking the traditional silver story 

The traditional approach in mining has often been to find a single deposit, bring it into production, and move on. But that model rarely unlocks the full potential of a region – or creates sustainable returns for stakeholders. 

In Peru, Vancouver, British Columbia’s, Silver X is taking a different path. With our flagship Nueva Recuperada project, we’ve assembled 20,472 hectares of prospective ground, rich in high-grade silver-polymetallic veins. But we didn’t stop at exploration. In 2023, we acquired and upgraded the Nueva Recuperada processing plant — a move that positioned us to bring multiple mining units online under a single, integrated platform. 

This district-scale model allows for operational efficiency, diversified production, and a continuous pipeline of exploration targets. It also gives us the flexibility to scale – both quickly and cost-effectively – as we grow our resource base. 

Turning strategy into production 

Today, Silver X isn’t just exploring – it’s producing. That distinction matters. The company is steadily increasing production capacity, with plans to boost daily throughput from 600 to 720 tonnes. This expansion will drive annual production to 2.0 million silver-equivalent ounces, with a target of reaching 6 million ounces by 2028. 

The company’s Tangana Mining Unit is already delivering material returns, with Q3 2024 output reaching 257,635 silver-equivalent ounces – more than double the production from the same quarter in 2023. That growth translated directly to revenue, which climbed from $2.1 million to $5.0 million year-over-year. 

But production is just one part of the story. What makes Silver X different is how that production fits into a larger, scalable vision. By integrating exploration, mining, and processing under one operational umbrella, the company is creating a platform designed for sustained growth — not just one good quarter. 

At the same time, Silver X is actively evaluating new exploration targets within the Huancavelica district, leveraging its geological expertise and district-scale approach to maintain a competitive edge. This strategy is complemented by the company’s exploration focus on high-grade silver and polymetallic deposits, which aligns with both its long-term production goals and the growing global demand for silver. 

Resource growth that fuels the future 

Behind every strong production story is a resource story – and Silver X’s recent update confirms it’s on the right track. In early 2025, the company released a new mineral resource estimate for Nueva Recuperada, revealing an 18 per cent increase in measured and indicated resources, bringing the total to 4.3 million tonnes. Inferred resources also surged by 45 per cent, reinforcing Silver X’s ability to grow its footprint in the district. 

Meanwhile, the Plata Mining Unit – one of the company’s next key assets – boasts 5.81 million ounces of indicated silver and 26 million ounces inferred, underscoring the depth of opportunity within Silver X’s portfolio. 

This isn’t growth for the sake of it. It’s the result of deliberate choices – to consolidate, to reinvest in infrastructure, and to think beyond the limits of a single deposit. We’re building something that can last – not just for the next quarter, but for the next decade. 

Sustainable growth and community impact 

As we look to the future, Silver X’s commitment to responsible and sustainable growth is paramount. Our district-scale approach is designed not just for operational efficiency, but to create lasting positive impacts for the communities where we operate. In the Huancavelica region, our focus is on creating jobs, supporting local businesses, and contributing to regional development. 

Our Tangana Mining Unit is already a strong performer, contributing significantly to our growth, and with the Plata Mining Unit set to begin production in 2026, we’re poised to increase our output even further. This scalable model is key to ensuring we remain on a steady growth trajectory, providing consistent returns for our stakeholders while also benefiting the local economy. 

A bright future for silver 

For Canadian investors, Silver X represents a unique opportunity to invest in a rapidly growing silver producer with a solid resource base and a strategic vision for long-term success. Leveraging its district-scale approach in one of the world’s most prospective silver belts, Silver X is positioned to capitalize on the surging global demand for silver, particularly driven by green technologies such as electric vehicles and solar power. 

With robust resource growth, strong financial performance, and a commitment to sustainable, community-driven mining, Silver X Mining is an exciting opportunity for investors seeking exposure to the silver sector and international mining projects.