- Silver X (AGX) is confirming the safety of its assets and workforce amid ongoing political turmoil in Peru
- This includes its Nueva Recuperada operation, as well as its other assets throughout the country
- Due to limited supply chain disruptions, the company has slowed production until the first half of January 2023
- Silver X is a Canadian silver mining company with assets in Peru
- Silver X Mining (AGX) is down by 1.3 per cent, trading at $0.38 per share
Silver X (AGX) is confirming the safety of its assets and workforce amid ongoing political turmoil in Peru.
This includes its Nueva Recuperada operation in the Department of Huancavelica (inferred mineral resources of 14.9 MT at 162.65 g/t Ag, 2.54 per cent Pb/t and 2.5 per cent Zn/t; measured and indicated resources of 841,286 tonnes at 118.5 g/t Ag, 2.85 per cent Pb/t and 2.16 per cent Zn/t), as well as its other assets throughout the country.
Protests began in early December after the ousting and arrest of President Pedro Castillo following his attempt to dissolve congress to avoid an impeachment vote.
Demonstrations have centred on alleged elitist corruption and resulted in dozens of deaths, leading to a national state of emergency on December 14, spearheaded by new President Dina Boluarte.
Due to limited supply chain disruptions, Silver X has slowed production while ensuring logistical challenges are addressed. It expects operations to return to full capacity within the first two weeks of January 2023.
Silver X is a Canadian silver mining company with assets in Peru.
Silver X Mining (AGX) is down by 1.3 per cent, trading at $0.38 per share as of 11:20 am ET.