- Silverco Mining (TSXV:SICO) announced a value-added independent preliminary economic assessment of its producing 2,157-hectare La Negra mine in Querétaro, Mexico.
- The silver producer is advancing two underground mines in Mexico combining infrastructure, exploration upside and district-scale land packages.
- Silverco stock has added more than 140 per cent since listing through a reverse takeover in October 2025.
Silverco Mining (TSXV:SICO) announced a value-added independent preliminary economic assessment (PEA) of its producing 2,157-hectare La Negra mine in Querétaro, Mexico.
The NI 43-101-compliant PEA argues for an after-tax net present value (5%) of US$329 million at US$50 per ounce of silver, representing average annual production of 4.1 million ounces of silver equivalent (AgEq) over an 8.2-year mine life.
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Revenue, 65% of which will be derived from silver, will be earned at all-in sustaining costs (AISC) of only US$24.86 per ounce of payable AgEq and for initial capital of only US$20.9 million. Initial capital falls to US$4.7 million at US$65 silver.
Looking ahead, Silverco is intent on making the moves today that will set it up to mine La Negra’s resource over the long-term, which stands at 98.2 million ounces AgEq indicated and 12.6 million ounces AgEq inferred, supported by a processing facility capable of handling 2,500 tons per day.
According to Monday’s news release, next steps in this regard include a mine plan optimization to convert resources and double-down on high-grade zones, a new tailings facility on track to be finished by the first half of 2026, a new Epiroc mining fleet to improve processing rates slated for arrival beginning in Q4, as well as a 15,000-metre drilling program that is now underway.
Silverco remains on track to restart production at its Cusi mine in Chihuahua by the end of the year.
Leadership commentary
“La Negra has a long history of reliable silver production, and this PEA lays out a clear, low-capital path to return to historic production levels with opportunities identified to optimize and extend the mine life through expansion and conversion of our new indicated resource of nearly 100 million silver equivalent ounces,” Mark Ayranto, President and Chief Executive Officer of Silverco Mining, said in a statement. “In the short time that we have been operating La Negra, we have already begun to see notable improvements in mined silver grades and recoveries. With our new mining fleet beginning to arrive in late Q4 2026 and our dry-stack tailings project on track for completion and ramp-up in H1 2027, we expect to see a meaningful step-up in throughput in 2027, driving positive impacts to silver equivalent production and AISC.”
“Beyond the base case, we see considerable organic upside at La Negra through mine plan optimization and our recently announced 15,000-m exploration program testing for high-grade extensions – the first large-scale exploration campaign at the property in two decades,” Ayranto added. “Combined with the ongoing restart of Cusi, this PEA underscores Silverco’s rapid growth trajectory as a multi-asset Mexican silver producer and sets us well on our path to become a 10-million-ounce-per-year silver equivalent producer within three years.”
About Silverco Mining
Silverco Mining is a silver producer advancing two underground mines in Mexico combining infrastructure, exploration upside and district-scale land packages.
Silverco stock (TSXV:SICO) last traded at C$9.80, adding more than 140 per cent since listing through a reverse takeover in October 2025.
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