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Silverco Mining (OTC:SICOF, TSXV:SICO) reported new high-grade drill results from the Cusi silver project in Chihuahua, Mexico, part of a 30,000 m 2026 drill program.
Key intercepts include 1,100 g/t Ag over 10.3 m (1,080 g/t AgEq) in hole UGCU26-08, plus several multi-metre intervals above 200 g/t AgEq near planned early mine development.
The data target infill and expansion at Promontorio to support a planned Cusi restart in H2 2026, underpinned by a PEA outlining average 2.47 Moz AgEq/year, site AISC of US$26.75/oz AgEq (2028–2032), and after-tax NPV up to US$312.2 M.
Silverco (SICOF) has mobilized underground mining contractors at its 100%-owned Cusi silver project in Chihuahua, Mexico, advancing its restart plan. Two local contractors, Mafrissa and Rencer, will develop the Promontorio and San Miguel zones, with first concentrate targeted for Q4 2026.
The 2026 PEA outlines average annual production of about 2.5 Moz AgEq from 2028–2032 at site AISC of US$26.75/oz. Using a base silver price of US$44.58/oz, Cusi shows an after-tax NPV of US$104.1M, IRR of 94.8%, and payback of 0.9 years, with upfront capital of US$19.2M.
Silverco Mining (TSXV:SICO, OTC:SICOF) reported initial underground assays from its 2026 30,000 m drill program at the Cusi silver project in Mexico. Early Promontorio holes returned up to 1,712 g/t AgEq over 1.4 m near near-term planned stopes.
The work targets infill and expansion ahead of a planned H2 2026 restart. A PEA outlines average 2028–2032 production of 2.47 Moz AgEq, site AISC of US$26.75/oz, and after-tax NPV up to US$312.2M depending on silver prices.
Silverco Mining (TSXV:SICO, OTCQB:SICOF) filed its unaudited Q1 2026 interim financial statements and MD&A for the quarter ended March 31, 2026.
Key items include a $62.5 million financing, $56.2 million cash, $5.4 million net loss, a robust Cusi PEA, and closing the Nuevo Silver acquisition, making Silverco a producer.
Silverco Mining (OTCQB:SICOF, TSXV:SICO) filed a National Instrument 43-101 Technical Report for its Cusi Project Preliminary Economic Assessment in Chihuahua, Mexico. The report, effective March 31, 2026, is now available on SEDAR+ and on the company’s website.
Silverco Mining (OTCQB:SICOF) completed its acquisition of Nuevo Silver, issuing 16,802,283 common shares to former Nuevo shareholders. Nuevo, owner of the producing La Negra Mine in Querétaro, Mexico, becomes a wholly owned subsidiary.
Silverco plans to boost throughput, drill 15,000–20,000 metres in 2026, and target a new resource estimate and mine plan in H2 2026, supporting its goal of becoming a 10 million ounce silver-equivalent producer within three years.
Silverco Mining (OTCQB: SICOF / TSXV: SICO) entered a definitive share exchange to acquire Nuevo Silver, making Nuevo a wholly owned subsidiary and adding the producing La Negra Mine in Querétaro, Mexico.
The deal issues 16,802,316 Silverco shares, assumes ~US$11.0M of Nuevo debt and potential obligations of US$12.5M (milestones) plus US$5.0M (contingent).
Post-close ownership is expected ~31% Nuevo shareholders / 69% existing Silverco holders. The TSXV has conditionally accepted the Transaction; final acceptance and customary closing conditions remain.
Silverco Mining (OTCQB: SICOF) announced that its audited consolidated financial statements and Management's Discussion and Analysis for the year ended December 31, 2025 are available on SEDAR+ at www.sedarplus.ca. The filing provides the company’s full 2025 audited financial disclosure and MD&A for investor review.
Silverco Mining (OTCQB: SICOF) released a PEA for restarting the 100%‑owned Cusi Mine in Chihuahua, Mexico, targeting processing restart in late 2026 and full ramp by mid‑2027. Key economics: after‑tax NPV(5%) $104.1M, IRR 94.8%, payback 0.9 years at $44.58/oz silver.
The plan assumes initial capital $19.2M, average annual production ~2.47 Moz AgEq (2028–2033), life‑of‑mine AISC $26.75/AgEq oz, and an initial ~9‑year mine life with significant sensitivity to silver price.
Silverco Mining (OTCQB: SICOF) announced three senior appointments on March 23, 2026: George Paspalas as Advisor, Tara Hassan as Executive Vice President, Corporate Development, and Victoria Avila as Senior Vice President, Corporate Affairs and Finance.
The company granted 55,000 stock options (exercise price CA$9.02, five-year term) and 285,000 RSUs (three-year term). All grants vest per the stated schedule and remain subject to TSX Venture Exchange approval.