(Kitco News) - Silver X Mining (TSXV: AGX) today provided an operational update in light of recent political developments in Peru.
In a statement, the company said that its Nueva Recuperada operation in the Department of Huancavelica, and other assets throughout the country, remain safe and secure.
“Recent demonstrations have been localized on other areas of the country and have not impacted the security of our projects or workforce,” Silver X added.
However, the company noted that due to some disruptions in the supply chain, it has slowed down production while ensuing logistical challenges are addressed.
According to a press release, it is expected that operations will return to full capacity within the first two weeks of January 2023.
The company said it is continuing to actively evaluate developments and will provide timely updates as warranted.
Silver X is a Canadian silver mining company with assets in Peru. The company's flagship asset is the Tangana silver, gold, lead, zinc, and copper project located in Huancavelica, Peru, 10 km north-northwest of the Nueva Recuperada polymetallic concentrate plant.
