Silverco Mining(TSXV:SICO)

Silverco is a mining company focused on building and leading high-performing mining organizations.

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

About

Silverco is a mining company focused on building and leading high-performing mining organizations. The company has a strong emphasis on exploration, mine development, finance, and operations, aiming to drive growth and value creation in the mining sector.

Verified company data

Cash position
not discovered
Shares outstanding
37.6M
Fully diluted shares
44.6M
Mineral resource
The Cusi Silver Complex is a permitted, past-producing underground mining complex located within the Sierra Madre Occidental belt, historically known for its silver, lead, zinc, and gold deposits. In 2022, the operation produced 1.43 million silver-equivalent ounces at an all-in sustaining cost of $23.17 per ounce, based on 63% mill utilization. The estimated replacement cost of the mine and mill infrastructure is over US$150 million. There is potential to improve project economics through increased mill throughput, higher grades, and lower costs.
Projects
["The Cusi Silver Complex is a permitted, past-producing underground mining complex located within the Sierra Madre Occidental belt, historically known for its silver, lead, zinc, and gold deposits. Key aspects of the project include: - 120 kilometers west of Chihuahua City - 100% ownership of 95 mineral concessions covering 11,665 hectares - 1,200 tonne-per-day mill and permitted tailings capacity approximately 40 km from the underground mine - Strong infrastructure, including paved highway access and a 33 kV connection to the national power grid - Underground development and infrastructure in place - Potential to be restarted with minimal capital and ramped up to full mill throughput. Silverco Mining is advancing the 100%-owned Cusi Silver Complex in Chihuahua, Mexico. The Complex includes a permitted past-producing silver mine with a 1,200 tpd mill, and recently consolidated claims along the San Miguel Vein System, totaling a 11,665-hectare land package. On April 12, 2026 the results of the Cusi Restart Preliminary Economic Assessment were released, confirming Cusi as one of the most compelling primary silver restart opportunities globally due to low upfront capital, rapid payback, and strong leverage to rising silver prices. Read more about the study here.","Mining activity in the Cusi area dates back to the 1700s, with historical production estimated to exceed 100 million ounces of silver. The Cusi Mine was acquired by Dia Bras in 2006, which later rebranded as Sierra Metals in 2012. Commercial production under Sierra Metals at Cusi began in 2014. In 2017, Sierra Metals discovered the Santa Rosa de Lima vein system—a stockwork vein structure suitable for bulk mining methods. Following this discovery, the mine plan was adjusted to focus on this area. In 2019, the Malpaso Mill, which processes ore from Cusi, was expanded from a capacity of 600 tonnes per day to 1,200 tonnes per day. Despite the expansion, the mill never reached full utilization. Operations at the mine were suspended in 2020 due to the COVID-19 pandemic. During this period, exploration drilling identified a downthrown extension at the Promontorio zone. In 2023, Sierra Metals placed the Cusi Mine on care and maintenance, citing low silver prices and a strategic shift toward base metal production at its Bolivar and Yauricocha operations. In its final full year of production, Cusi achieved record output of 1.5 million silver equivalent ounces in 2022, with an all-in sustaining cost of $23.20 per ounce. Mill utilization that year was only 63%."]
Leadership
Mark Ayranto (President, Chief Executive Officer and Director, An accomplished mining executive with a demonstrated 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, A mining engineer with extensive experience in both open pit and underground operations.), Tara Hassan (Executive Vice President, A registered Professional Engineer with 20 years of industry experience encompassing mine operations, project development, and capital markets.), Victoria Avila (Senior Vice President Corporate Affairs and Finance, A Chartered Professional Accountant with over a decade of experience as a senior finance executive.), George Paspalas (Advisor, A highly accomplished mining executive with over 40 years of experience in the industry, most recently served as CEO of MAG Silver Corp.)

Verified data last updated: 2026-06-05

Recent filings

Investor FAQ