Core Insights - Silver X Mining Corp. reported strong financial results for the nine months ended September 30, 2025, with significant improvements in operating income and net loss compared to the previous year [7][11][14] - The company is positioned for rapid growth, particularly in its Tangana Mining Unit, with expectations to potentially double metal output by 2026 [3][4] Financial Highlights - Operating income for the nine months ended September 30, 2025, was $2.1 million, a turnaround from an operating loss of $180,000 in the same period last year [7] - In 3Q25, operating income increased by 166% to $486,000, compared to a loss of $733,000 in 3Q24 [7][13] - Year-to-date loss before tax decreased by 93% to $165,000 from $2.5 million in the prior-year period [7][11] - Net loss for the nine months ended September 30, 2025, decreased nearly 80% to $740,000, compared to $3.6 million in the prior-year period [7] - EBITDA for 3Q25 was $185,000, a 137% increase compared to a negative EBITDA of $498,000 in 3Q24 [7][13] Operating Highlights - Processed tonnage decreased by 16% year-over-year, from 129,128 MT in 2024 to 108,604 MT in 2025 [12] - Average AgEq head grades declined by 4% in 3Q25 compared to 3Q24, and by 9% for the nine-month period [12] - The company announced a new Preliminary Economic Assessment (PEA) indicating strong potential for the Nueva Recuperada Property, with an after-tax NPV of $440 million and average annual production of 6.2 million AgEq ounces [12] - A 40,000-meter diamond drill campaign was launched to expand and upgrade resources at the Nueva Recuperada district [12] Cost Management - AISC for the nine months ended September 30, 2025, was $30.7 per AgEq ounce, representing a 33% increase compared to $23.0 in the same period in 2024 [20] - AISC per tonne processed increased by 16% year-over-year, rising from $149.8 in 2024 to $174.1 in 2025 [21] - The capital expenditure for the development of the Tangana Mining Unit was a significant contributor to AISC, enabling access to new production fronts [22]

Core Insights - Endeavour Silver Corp. (EXK) reported positive drill results from its Kolpa Mine in Peru, which is expected to contribute 5 million silver equivalent ounces annually to production, positioning the company as a senior silver producer [1][8] Exploration and Drilling Results - The Poderosa West vein has been mapped for approximately 2.5 kilometers, with significant drill results including hole DDH-H1-25-88 showing 247 grams per ton of silver and hole DDH-H1-25-92 showing 266 grams per ton of silver [2][3] - The Caudalosa Chica vein has been mapped for over 1.5 kilometers, with two of three drill holes intersecting significant mineralization [3] - Endeavour Silver is evaluating surface exploration and drill results to develop a systematic exploration strategy, with ongoing underground development at Poderosa West facilitating access to new drill stations [3] Mine Acquisition and Production - Endeavour Silver acquired the Kolpa Mine for $145 million in April, increasing its producing mines to three and marking its entry into Peru [4] - Kolpa Mine has 143 mining rights covering 25,177 hectares and has been in continuous production for over 25 years, with a concentrator plant capacity of 1,800 tons per day, expandable to 2,500 tons per day [5] Production Metrics - In Q2 2025, Endeavour Silver produced 2.5 million silver-equivalent ounces, a 17% increase year-over-year, attributed to the Kolpa operation [6] - Consolidated silver production rose 13% year-over-year to 1.484 million ounces [6] Industry Comparison - Endeavour Silver's peers, including Avino Silver & Gold Mines, First Majestic Silver, and Pan American Silver, reported varying production results, with First Majestic showing a 48% year-over-year increase in silver-equivalent production [8][9][11]