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Silverco Mining

TSXV:SICOLive AI agent

Silverco Mining is a growing silver producer with two advanced assets in Mexico: La Negra Mine in Querétaro and the 100%-owned Cusi Silver Complex in Chihuahua.

Investor website: https://www.silvercomining.com/

About

Silverco Mining is a growing silver producer with two advanced assets in Mexico: La Negra Mine in Querétaro and the 100%-owned Cusi Silver Complex in Chihuahua. La Negra is an operating underground silver-lead-zinc-copper mine with a 2,500 tonne per day nameplate capacity, currently operating at approximately 55% of nameplate. Cusi is a permitted, past-producing primary silver mine with a 1,200 tonne per day processing facility. A recent PEA outlined a low capital restart plan with production beginning in late H2 2026 and full production reached by the end of H1 2027. Together, these assets support Silverco’s vision of becoming a 10 million silver-equivalent ounce producer in the next 3 years.

Verified company data

Cash position
not discovered
Shares outstanding
54.4 M
Fully diluted shares
61.4 M
Mineral resource
The Cusi Silver Complex is a 100%-owned, permitted, past-producing underground silver mine located in the prolific Sierra Madre Occidental belt of Chihuahua, Mexico, a region renowned for hosting significant silver, lead, zinc, and gold deposits. The Complex includes a 1,200 tonne-per-day processing facility, extensive underground infrastructure, and 95 mineral concessions covering 11,665 hectares along the highly prospective San Miguel Vein System. Key highlights include: 120 kilometres west of Chihuahua City, 100% ownership of 95 mineral concessions covering 11,665 hectares, permitted 1,200 tpd processing plant with existing tailings capacity, strong infrastructure, including paved highway access and a 33 kV connection to the national power grid, extensive underground development and mine infrastructure already in place, significant exploration upside along the San Miguel Vein System, positioned for a low-capital restart and rapid return to production. Silverco is currently advancing Cusi toward a planned restart while continuing exploration across the San Miguel Vein System. Ongoing underground drilling continues to intersect high-grade silver mineralization, supporting both near-term mine planning and future resource growth. On April 12, 2026, Silverco released the Cusi Restart Preliminary Economic Assessment (PEA), confirming Cusi as one of the most compelling primary silver restart opportunities globally, supported by low upfront capital requirements, rapid payback, and strong leverage to rising silver prices. The Company is targeting a restart of operations in the second half of 2026, leveraging the site's existing underground development, permitted infrastructure, and 1,200 tonne-per-day processing facility to bring the operation back into production efficiently.
Projects
["The Cusi Silver Complex is a 100%-owned, permitted, past-producing underground silver mine located in the prolific Sierra Madre Occidental belt of Chihuahua, Mexico, a region renowned for hosting significant silver, lead, zinc, and gold deposits. The Complex includes a 1,200 tonne-per-day processing facility, extensive underground infrastructure, and 95 mineral concessions covering 11,665 hectares along the highly prospective San Miguel Vein System. Key highlights include: - 120 kilometres west of Chihuahua City - 100% ownership of 95 mineral concessions covering 11,665 hectares - Permitted 1,200 tpd processing plant with existing tailings capacity - Strong infrastructure, including paved highway access and a 33 kV connection to the national power grid - Extensive underground development and mine infrastructure already in place - Significant exploration upside along the San Miguel Vein System - Positioned for a low-capital restart and rapid return to production. Silverco is currently advancing Cusi toward a planned restart while continuing exploration across the San Miguel Vein System. Ongoing underground drilling continues to intersect high-grade silver mineralization, supporting both near-term mine planning and future resource growth. On April 12, 2026, Silverco released the Cusi Restart Preliminary Economic Assessment (PEA), confirming Cusi as one of the most compelling primary silver restart opportunities globally, supported by low upfront capital requirements, rapid payback, and strong leverage to rising silver prices. The Company is targeting a restart of operations in the second half of 2026, leveraging the site's existing underground development, permitted infrastructure, and 1,200 tonne-per-day processing facility to bring the operation back into production efficiently.","La Negra is a long-standing underground silver mine with established infrastructure and a defined production profile, having operated since the 1970s through multiple commodity cycles. Mining operations were restarted privately in 2024, with the mine currently operating at approximately 55% of its 2,500 tonne per day nameplate capacity. The project comprises is located within the prolific Sierra Gorda silver belt. Despite its long production history, the project has seen limited exploration over the past two decades, highlighting strong potential for resource expansion. Mineralization remains open along strike, at depth, and near surface, with additional regional targets identified. The operation is a low-cost underground mine utilizing long-hole stoping and room-and-pillar methods. Processing includes three-stage crushing, grinding, and flotation and filtration circuit producing lead-silver, copper-silver and zinc concentrates, with silver primarily reporting to the lead and copper streams. La Negra is located in Querétaro State, a stable, mining-friendly jurisdiction in central Mexico. The project is located approximately 150 kilometres by paved road from Querétaro in the district of Maconi. Electrical power is obtained from the national grid through a 34 kilovolt (kV) line to the process plant and mine facilities. The property was originally developed and operated by Peñoles with production running concurrently from 1971 to 2001, and later by Aurcana until 2016 after which it was taken private and operated until 2019. Following a period of care and maintenance, mining activities were successfully restarted by a private Mexican company in 2024. Between 1971 and the end of 2020, the mine produced approximately 14.6 Mt with an average grade of 107 g/t silver, 0.59% lead, 1.95% zinc and 0.66% copper."]
Leadership
Mark Ayranto (President, Chief Executive Officer and Director, Accomplished mining executive with a history of success in building and leading high-performing mining organizations. He has deep experience in exploration, mine development, finance, and operations.), Sean Fallis (CFO, Results oriented CPA, CA with extensive senior finance leadership at NYSE, Nasdaq, and TSX listed multinational mining, technology, and shipping companies.), Nico Harvey (VP Project Development, Mining engineer with extensive experience in both open pit and underground operations.), Tara Hassan (Executive Vice President, Registered Professional Engineer with 20 years of industry experience in mine operations, project development, and capital markets.), Victoria Avila (Senior Vice President Corporate Affairs and Finance, Chartered Professional Accountant with over a decade of experience as a senior finance executive.), George Paspalas (Advisor, Highly accomplished mining executive with over 40 years of experience in the industry, previously served as CEO of MAG Silver Corp.)

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