Vancouver, B.C., November 28, 2022 - SILVER X MINING CORP. (TSX-V: AGX) (OTC QB:
AGXPF) (F: WPZ) ("Silver X" or the "Company") is pleased to report its interim financial results for the
three and nine months ended September 30, 2022. The full version of the condensed consolidated interim
financial statements and accompanying management discussion and analysis can be viewed on the
Company's website at www.silverxmining.com and on SEDAR at www.sedar.com. All financial
information is prepared in accordance with International Financial Reporting Standards ("IFRS") and all
dollar amounts are expressed in US dollars unless otherwise stated.
Mr. Jose M. Garcia, CEO of Silver X stated, “Month over month production improvements were the
hallmarks of the positive financial results during this quarter that we hope to see continue through the
remainder of the year as we continue ramping up to commercial production” Mr. Garcia continued, “During
the quarter we continued our track record of consistent execution while laying the building blocks for longterm growth and tightening our operations further to continue improving our operating margins. As we are
transiting through the last stage of the ramp up of our operations, we will be providing the updates on
operational results on quarterly basis as opposed to the monthly updates provided to date”.
Q3 2022 Highlights
• Record quarterly operating revenues of $5.5 million, representing a 73% increase from previous
quarter.
• Record quarterly operating earnings attained of $2.0 million.
• The Company achieved net gain in a quarter for the first time, with a net gain of $0.2 million.
• Cash costs(1) of $11.0 per silver equivalent (“AgEq”) ounce produced(1)(2) and All-In-Sustaining
Cost(1) (“AISC”) of $15.8 per AgEq ounce produced(1)(2).
• Record monthly AgEq ounces processed in August of 195,039(2)
.
• Record quarterly AgEq ounces processed and produced(2) of 481,040 and 371,072, respectively.
Notes:
1. Cash costs per AgEq ounce produced and AISC per AgEq ounce produced are non-IFRS financial ratios. These are
based on non-IFRS financial measures that do not have any standardized meaning prescribed under IFRS, and therefore
may not be comparable to other issuers. Please refer to the “Non-IFRS Measures” section of this press release for further
information.
2. AgEq ounces produced were calculated using the average sales prices of each metal for each month, and revenues from
concentrate sales does not consider metallurgical recoveries in the calculations as the metal recoveries are built into the
sales amounts.

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