Silver X Mining Corp .
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SILVER X MINING CORP .
Suite 1012 – 1030 West Georgia Street | Vancouver,
BC | V6E 2Y3
Silver X Mining Appoints David Gleit as Chief Financial Officer
VANCOUVER, BRITISH COLUMBIA, July 3, 2024 - Silver X Mining Corp. (TSX-V:
AGX) (OTCQB: AGXPF) (F: AGX) ("Silver X" or the "Company") today announced the
appointment of David Gleit as Chief Financial Officer (CFO), effective immediately.
David succeeds Jason Tong, who served as the Company’s interim CFO and who will
remain with the Company as the corporate controller.
David brings more than 25 years of experience as a financial executive with a strong
background in international mining, construction, and asset-management. He has
advised and led financial strategy and operations for companies at various stages of
growth and currently resides in Lima, Peru.
“We are delighted to welcome David as our new CFO,” said Silver X CEO José M.
García. “His expertise in international mining and his impressive track record in strategic
financial management will be essential as we expand our operations in Peru and refine
our growth strategies. We are confident that David’s leadership will be integral in our
ongoing efforts to become a leading silver producer.”
About David Gleit
Prior to joining Silver X, David served as an independent consultant, advising
companies on strategic planning, finance, and administration. He previously held the
position of CFO at Sierra Sun Group, a privately held group of Peruvian mining
companies.
David also served as CFO and corporate strategy & risk officer at STRACON, a
Peruvian-based provider of integrated mining and construction services throughout the
Americas. At Volcan Compañía Minera, one of the world’s leading producers of silver &
zinc, David served as Corporate Development Officer, responsible for Volcan’s growth
strategy, including M&A. David became the investor relations officer for Volcan,
developing the Company’s first investor relations department, receiving top IR honours
by Institutional Investor magazine readers in 2015 and 2017.
David holds an MBA in Finance from Drexel University and a BA from the University of
Vermont. He is certified in NI 43-101 Technical Reports for Mining Projects and IFRS
Accounting for Mining. David was both a director and founding member of CFA Society
Peru and is a member of the Institute of Mining Engineers of Peru.
About Silver X Mining Corp.
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Silver X Mining Corp. is a premier silver mining company with a focus on exploration,
development, and production in South America. Our flagship asset, the Nueva
Recuperada Silver District in Peru, is positioned in a prolific silver-producing region, with
extensive high-grade silver, gold, lead, and zinc mineralization. Our mission is to deliver
outstanding value to stakeholders through sustainable and socially responsible mining
practices.
ON BEHALF OF THE BOARD
José M. Garcia, CEO and Director
For further information, please contact:
Susan Xu
Investor Relations
778-323-0959
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This press release contains forward-looking information within the meaning of
applicable Canadian securities legislation (“forward-looking information”). Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”,
or “believes”, or variations of such words and phrases or state that certain acts,
events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. All information contained in this press release, other than statements of
current and historical fact, is forward looking information. Forward- looking information
contained in this press release may include, without limitation, exploration plans,
results of operations, expected performance at the Project, the Company’s belief that
the Tangana system will provide considerable resource expansion potential, that the
Company will be able to mine the Tangana Mining Unit in an economic manner, and the
expected financial performance of the Company.
The following are some of the assumptions upon which forward-looking information is
based: that general business and economic conditions will not change in a material
adverse manner; demand for, and stable or improving price for the commodities we
produce; receipt of regulatory and governmental approvals, permits and renewals in a
timely manner; that the Company will not experience any material accident, labour
dispute or failure of plant or equipment or other material disruption in the Company’s
operations at the Project and Nueva Recuperada Plant; the availability of financing for
operations and development; the Company’s ability to procure equipment and
operating supplies in sufficient quantities and on a timely basis; that the estimates of
the resources at the Project and the geological, operational and price assumptions on
which these and the Company’s operations are based are within reasonable bounds
of accuracy (including with respect to size, grade and recovery); the Company’s ability
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to attract and retain skilled personnel and directors; and the ability of management to
execute strategic goals.
Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or
achievements of the Company, as the case may be, to be materially different from
those expressed or implied by such forward-looking information, including but not
limited to those risks described in the Company’s annual and interim MD&As and in
its public documents filed on sedarplus.ca from time to time. Forward- looking
statements are based on the opinions and estimates of management as of the date
such statements are made. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward- looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.