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Silver X Mining ( (TSE:AGX) ) has issued an update.
Silver X Mining Corp has entered into a loan facility agreement with Trafigura PTE Ltd., allowing its subsidiary Recuperada S.A.C. to access up to US$1.4 million for capital expenditures and working capital. The loan, secured against mining assets, includes an interest rate based on the secured overnight financing rate plus 6% per annum and involves issuing common share purchase warrants to an affiliate of Trafigura. Additionally, the company announced the retirement of its COO, Freddy Mayor, with CEO Jose M. Garcia temporarily taking over the responsibilities to continue focusing on strategic goals and increasing production and profitability.
More about Silver X Mining
Silver X Mining Corp is a rapidly growing silver producer-developer based in Peru. The company primarily focuses on silver production and development, playing a significant role in the mining industry.
YTD Price Performance: -7.14%
Average Trading Volume: 226,777
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$39.37M
For a thorough assessment of AGX stock, go to TipRanks’ Stock Analysis page.
