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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

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
["### Cusi Mining Complex\n\n**Restart Project**\n\nChihuahua, Mexico\n\nPermitted, past-producing primary silver mine (~90% silver by revenue)\n\n1,200 tpd processing facility\n\nRestart planned for late H2 2026\n\n[Explore Cusi](https://silvercomining.com/projects/cusi-mine-complex/overview/)\n\n### Overview\n\nThe 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.\n\nThe 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.\n\n**Key highlights include:**\n\n- 120 kilometres west of Chihuahua City\n- 100% ownership of 95 mineral concessions covering 11,665 hectares\n- Permitted 1,200 tpd processing plant with existing tailings capacity\n- Strong infrastructure, including paved highway access and a 33 kV connection to the national power grid\n- Extensive underground development and mine infrastructure already in place\n- Significant exploration upside along the San Miguel Vein System\n- Positioned for a low-capital restart and rapid return to production\n\nSilverco 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.\n\nOn **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. **[Read more about the study here](https://silvercomining.com/projects/cusi-mine-complex/pea-summary/).**\n\nThe 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.\n\n![Cusi Mine Location Map](https://silvercomining.com/_resources/SilverCo_Regional_map_SQUARE.jpg)\n\n### La Negra Mine\n\n**Producing Mine**\n\nQuerétaro, Mexico\n\nOperating underground Ag-Pb-Zn-Cu mine\n\n2,500 tpd processing facility\n\nCurrently operating at ~55% of processing capacity with operational improvements underway\n\n[Explore La Negra](https://silvercomining.com/projects/la-negra-mine/overview/)\n\n### Overview\n\nLa Negra is an underground silver mine in Querétaro State, Mexico, with established underground and processing infrastructure. Mining operations were restarted in 2024 following a period of care and maintenance.\n\nThe mine includes an underground operation and an on-site **2,500 tonne per day (“tpd”) processing facility** producing lead-silver, copper-silver and zinc concentrates.\n\nAn independent Preliminary Economic Assessment (“PEA”) outlines an **8.2-year mine life** with steady-state throughput of **2,500 tpd beginning in H2 2027**. The PEA estimates average annual production of **4.1 million oz silver equivalent (“AgEq”)**.\n\nThe property has a long history of production, while exploration over the broader land package has been limited over the past two decades. Mineralization remains open along strike, at depth and toward surface, with additional exploration targets identified.\n\n![](https://silvercomining.com/_resources/images/La-Negra-map-overview.jpg)\n\n**PEA at a Glance**\n\n**8.2 Years**\n\nMine Life\n\n**2,500 tpd**\n\nSteady-State Throughput\n\n**4.1 Moz AgEq**\n\nAverage Annual Production\n\n**US$329M**\n\nAfter-Tax NPV (5%)\n\n[View PEA Summary](https://silvercomining.com/projects/la-negra-mine/pea-summary/)\n\n**Location & History**\n\nLa Negra is located in Querétaro State, Mexico, approximately 150 kilometres by paved road from the city of Querétaro, in the district of Maconi. The property encompasses a 2,157-hectare land package that includes the underground mine and on-site processing facility.\n\nElectrical power is obtained from the national grid through a 34 kilovolt (kV) line to the process plant and mine facilities.\n\nThe property was originally developed and operated by Peñoles, with production running concurrently from 1971 to 2001, and later by Aurcana until 2016. The property was subsequently taken private and operated until 2019. Following a period of care and maintenance, mining activities were restarted by a private Mexican company in 2024.\n\nBetween 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.), 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. Previously served as Senior VP at SilverCrest Metals Inc.), Victoria Avila (Chief Financial Officer, Chartered Professional Accountant with over a decade of experience as a senior finance executive, previously CFO at JDS Energy & Mining Inc.), George Paspalas (Advisor, Highly accomplished mining executive with over 40 years of experience, former CEO of MAG Silver Corp. and President of Aurizon Mines Ltd.), Dr. Jesus Velador (Vice President, Exploration, Holds a Doctorate in epithermal deposits with over 25 years of exploration experience in various hydrothermal deposit types and regions.)

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