The miner reported Q2 revenue of $17.3M, falling short of expectations despite a 221.6% year-over-year increase.
Silver X Mining posted Q2 GAAP earnings per share of $0.01, matching estimates. Revenue reached $17.3 million, up 221.6% from the same period last year but missing forecasts by $4.98 million.
Cash reserves stood at $49.7 million as of June 30, 2026, down from $53.8 million at the end of March 2026 but significantly higher than $10.1 million at December 31, 2025. The year-over-year revenue surge reflects expanded production, though the miss highlights ongoing market challenges.
No immediate market reaction was disclosed in the release.