Silver X Mining Adjusts AISC Calculation Methodology

Silver X Mining Corp., operating in Central Peru, has revised its methodology for calculating All-In Sustaining Cost (AISC). This change better reflects their operating performance and aligns with industry standards. The revision involves the exclusion of discretionary costs related to business development, investor relations, and share-based compensation from its General & Administrative Expenses.

For the period ending March 31, 2024, sustaining costs decreased from $1.4 million to $1.1 million, marking a 21% reduction. Similarly, for the quarter ending June 30, 2024, costs dropped from $2.0 million to $1.3 million, a 33% decrease. Corresponding AISC per AgEq Oz for these periods also saw reductions of 5% and 9% respectively.

The revised methodology, implemented retroactively from the start of 2023, aims to enhance transparency and comparability with peers. These changes are consistent with financial reporting standards and ensure transparency.