Despite a temporary setback at the plant due to an unforeseen maintenance issue which only required a few days to get sorted out, Silver X Mining (AGX.V) still processed in excess of 169,000 silver-equivalent ounces during October as the Tangana mining unit supplied almost 200,000 ounces in the rock it sent to the mill. The average head grade remains quite high at just under 15 ounces of silver-equivalent per tonne, and the recovery rates remain quite stable as well.
The strong and consistent results from the Tangana mine and processing plant, in combination with the high head grade of almost 500 g/t silver-equivalent indicate the production unit should definitely be cash flow positive and we are looking forward to seeing the Q3 financial statements.
Disclosure: The author has a long position in Silver X Mining. Please read our disclaimer.