202629 releases
Silverco Mining Intercepts 1,280 g/t Silver over 3.35 Metres True Width at its 100%-Owned Cusi Mine in Chihuahua, Mexico
Drilling at the 100%-owned Cusi Property in Chihuahua, Mexico returned 1,222 g/t silver equivalent over 3.35 metres true width in hole UGCU26-09 (1,280 g/t Ag, 0.42 g/t Au, 1.28% Pb, 1.49% Zn), including 5,392 g/t AgEq over 0.65 mTW; hole UGCU26-10 returned 737 g/t AgEq over 4.18 mTW. The results come from 15 holes of an ongoing 30,000 metre program at Promontorio, San Miguel and San Juan, supporting a Mineral Resource update planned for H1 2027 and a production restart in Q4 2026.
Drill resultsSilverco Releases Positive PEA for Producing La Negra Mine Outlining a Low Capital, 8.2 Year Mine Life Generating After-Tax NPV of $329 Million
An independent NI 43-101 preliminary economic assessment for the 100%-owned La Negra Mine in Querétaro, Mexico outlines an after-tax NPV (5%) of $329 million and after-tax free cash flow of $438.8 million at $50/oz silver, with a 2.0-year payback, initial capital of $20.9 million and sustaining capital of $68.3 million. The 8.2-year mine life averages 4.1 Moz AgEq annual production at 2,500 tpd from H2 2027, with LOM AISC of $24.86/AgEq oz payable. Indicated resources total 15.23 Mt at 201 g/t AgEq (98.2 Moz AgEq), plus 2.26 Mt inferred at 174 g/t AgEq.
Study resultsSilverco Mining Grants Incentive Stock Options and Restricted Share Units
An aggregate of 144,792 stock options and 207,355 restricted share units have been granted under Silverco Mining's Omnibus Equity Incentive Compensation Plan, comprising 42,855 RSUs to directors, 25,000 RSUs and 144,792 options to officers, and 139,500 RSUs to employees and consultants. The options are exercisable at C$10.50 per share for a five-year term. Directors' RSUs vest on the first anniversary, while the remaining RSUs and the options vest one-third annually over three years, subject to TSX Venture Exchange policies.
CorporateSilverco Mining Announces Filing of Q2 2026 Financial Statements and MD&A and Provides Corporate Update
Q2 2026 unaudited interim financial statements and MD&A for the three and six months ended June 30, 2026 have been filed on SEDAR+, showing revenue of $10,387,168 and mine operating earnings of $374,984 from La Negra over the 43-day post-acquisition period, a net loss of $6,102,105 ($0.13 per share), and cash of $53,619,837. La Negra produced 158,259 AgEq ounces. CFO Sean Fallis is stepping down, with Victoria Avila taking the role effective September 30, 2026.
CorporateSilverco Mining Provides La Negra Mine Operations Update
An operations update was issued for the 100%-owned La Negra Mine in Querétaro, Mexico, acquired May 19, 2026, including appointment of a General Manager, Epiroc underground fleet orders (one development jumbo, one long hole drill, four scoops) for delivery across Q4 2026 and Q1 2027, a tailings filtration project targeted for completion by end of Q1 2027, campaign milling, a revised grade control program, and Knight Piésold as Engineer of Record. Nameplate capacity of 2,500 tonnes per day is expected in H1 2027. Approximately 1,000 metres of a 15,000-metre drill program are complete, with first assays and an SGS resource estimate and PEA expected late Q3 2026.
CorporateSilverco Mining Announces Appointment of Dr. Jesus Velador as Vice President, Exploration
Dr. Jesus Velador has been appointed Vice President, Exploration of Silverco Mining Ltd. (TSXV: SICO), effective September 1, 2026. Velador holds a doctorate from New Mexico Institute of Mining and Technology in epithermal deposits and has over 25 years of exploration experience, most recently as Chief Geologist and Vice President of Exploration at Vizsla Silver Corp. Silverco owns the producing La Negra Mine in Querétaro and the past-producing Cusi Silver Complex in Chihuahua, Mexico, which it is restarting in H2 2026.
ManagementSilverco Begins Exploration Drilling at La Negra Project
Surface and underground drills have been mobilized at the 100%-owned La Negra Project in Querétaro, Mexico, with two rigs active as part of a planned 15,000 metre 2026 program. Surface drilling will initially target Valenciana, less than one kilometre northwest of existing underground workings, while underground drilling tests Maravillas, Valeria and Blanca. Silverco expects initial results, an updated mineral resource estimate and a life-of-mine plan for La Negra in H2 2026, plus a Cusi restart in late Q4 2026.
Drill resultsSilverco Mining Intersects High-Grade Silver at Cusi, Including 1,100 g/t Ag over 10.3 metres
Underground drilling at the 100%-owned Cusi Property in Chihuahua, Mexico returned 1,100 g/t Ag, 1.61 g/t Au, 0.80% Pb and 0.52% Zn, or 1,080 g/t AgEq over 10.3 metres in hole UGCU26-08, including 6,452 g/t AgEq over 0.7 metres; other holes included 217 g/t AgEq over 7.7 metres and 236 g/t AgEq over 5.4 metres. The results come from infill drilling at Promontorio East within the 2026 30,000 metre program, with initial concentrate production planned for late 2026.
Drill resultsSilverco Mobilizes Underground Mining Contractors at Cusi Property
Underground mining contractors Mafrissa Transportes y Maquinaria and Rencer Servicio a la Mineria have begun mobilizing at Silverco's 100%-owned Cusi Property in Chihuahua, Mexico, to carry out development and production mining. Development will start in the Promontorio and San Miguel zones, with first ore from Promontorio expected in late Q3 2026 and San Miguel ore ramping up over H1 2027. The Company states it remains on schedule for first concentrate in Q4 2026.
CorporateSilverco Mining Intersects 1,712 g/t AgEq over 1.4 metres Adjacent to Near-Term Planned Stopes at Cusi
Initial underground drilling at the Promontorio zone of the 100%-owned Cusi Property in Chihuahua, Mexico returned 1,712 g/t AgEq over 1.4 metres in hole UGCU-26-02, 428 g/t AgEq over 1.1 metres, 303 g/t AgEq over 8.3 metres and 160 g/t AgEq over 3.2 metres. The holes lie within a 150 by 250 metre area not captured in the PEA. The 2026 program totals 30,000 metres, with a Cusi restart targeted for H2 2026.
Drill resultsSilverco Completes Promontorio Dewatering; Rehabilitation Work Underway
Dewatering of the underground workings at the Promontorio area of the 100%-owned Cusi Project in Chihuahua, Mexico is complete, and early rehabilitation including ramp scaling, ground support and infrastructure repair has begun. JDS Energy & Mining is preparing a Restart Study, on track for late Q1 2026, while Forte Analytical's metallurgical optimization test work nears completion; assays from a further 20 drill holes are expected in early Q1 2026. Silverco also intends to apply for TSXV Tier 1 status. No production decision has been made.
CorporateSilverco Mining Announces Filing of Q1 2026 Interim Financial Statements and MD&A
Unaudited condensed interim consolidated financial statements and MD&A for the three months ended March 31, 2026 have been filed on SEDAR+. Q1 included a bought deal private placement for gross proceeds of $62.5 million, a quarter-end cash position of $56.2 million, $3.0 million in exploration and evaluation expenditures and a $5.4 million net loss, plus the start of OTCQB trading under SICOF. Subsequent to quarter end, Silverco released a Cusi PEA on April 13, 2026 and closed the Nuevo Silver acquisition of the La Negra Mine, Querétaro, on May 19, 2026.
CorporateSilverco Mining Files NI 43-101 Technical Report for the Cusi Project PEA
A NI 43-101 technical report titled Preliminary Economic Assessment Cusi Project, Chihuahua, Mexico, with an effective date of March 31, 2026, has been filed on SEDAR+, supporting the PEA results disclosed in Silverco Mining's April 13, 2026 news release. The report is also posted on the Company's website. Silverco holds a 100% interest in the Cusi Project in Chihuahua State and the producing La Negra Mine in Querétaro, Mexico, with a Cusi restart targeted to begin in H2 2026.
Study resultsSilverco Mining Completes Acquisition of Nuevo Silver to Become the Newest Silver Producer
The acquisition of Nuevo Silver Inc. has closed, with Silverco Mining issuing 16,802,283 common shares to former Nuevo shareholders on a pro rata basis in exchange for all outstanding Nuevo shares. Nuevo, now a wholly-owned subsidiary, holds a 100% interest in the producing La Negra silver-lead-zinc-copper mine in Querétaro, Mexico, currently operating at 55% of its 2,500 tonne per day capacity. Silverco plans a 15,000–20,000 metre drill program and targets a resource estimate and mine plan in H2 2026.
AcquisitionSilverco Mining Executes Definitive Agreement for the Acquisition of Nuevo Silver
A definitive share exchange agreement has been signed for Silverco Mining's acquisition of Nuevo Silver Inc., which holds a 100% interest in the producing La Negra silver mine in Querétaro, Mexico. Nuevo shareholders will receive 16,802,316 Silverco shares, and Silverco will assume about US$11 million of Nuevo indebtedness plus US$12.5 million in milestone payments and US$5 million in contingent payments. Former Nuevo shareholders would hold roughly 31% of Silverco; closing remains subject to final TSXV acceptance.
AcquisitionSilverco Mining Announces Filing of 2025 Audited Financial Statement and MD&A
Audited consolidated financial statements and Management's Discussion and Analysis for the year ended December 31, 2025 have been filed by Silverco Mining Ltd. (TSXV: SICO, OTCQB: SICOF) and are available on SEDAR+. The Company owns a 100% interest in the 11,665-hectare Cusi Project in Chihuahua State, Mexico, which includes an existing 1,200 ton per day mill with tailings capacity, and has a binding letter agreement to acquire Nuevo Silver Inc., owner of the La Negra Silver Mine in Querétaro, Mexico.
CorporateSilverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital Restart
A PEA for the 100%-owned Cusi Mine in Chihuahua, Mexico outlines an after-tax NPV (5%) of US$104.1 M, a 94.8% IRR and 0.9-year payback at a base case average silver price of US$44.58/oz, rising to US$312.2 M NPV and 186.9% IRR at US$75.00/oz. Initial capital is US$19.2 M, with average annual production of about 2.5 Moz AgEq (2028-2033) at life-of-mine AISC of US$26.75 per payable oz AgEq. Processing restart is targeted for late 2026, with full ramp-up by mid-2027, and a 30,000 metre drill program is underway.
Study resultsSilverco Announces Upsizing of "Bought Deal" Offering to $62.5 Million
A previously announced bought deal offering has been upsized from $40 million to $62.5 million, comprising 4,000,000 common shares at $12.50 for $50 million and 1,000,000 units at $12.50 for $12,500,000, each unit including one share and one-quarter warrant exercisable at $18.00 for 18 months. Eric Sprott, a company insider, is participating with a $10 million lead order. Closing is expected on or about February 19, 2026, with proceeds funding exploration, evaluation and restart work at the Cusi Project in Chihuahua State, Mexico.
FinancingSilverco Provides Additional Information on the Agreement to Acquire Nuevo Silver and the La Negra Mine in Querétaro Mexico
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AcquisitionSilverco Confirms No Undisclosed Material Information
Silverco Mining's common shares were temporarily halted on January 21, 2026 at the request of the TSX Venture Exchange to facilitate its review of the binding letter with Nuevo Silver Inc. announced on January 20, 2026. The Company states the halt is solely at the TSXV's request and that all material information on its business and operations has been publicly disclosed. Silverco holds a 100% interest in the 11,665-hectare Cusi Project in Chihuahua State, Mexico.
NewsSilverco Announces Agreement to Acquire Nuevo Silver and the La Negra Mine in Querétaro Mexico
A binding letter dated January 19, 2026 provides for Silverco Mining to acquire Nuevo Silver, which has agreed to purchase 100% of the producing La Negra Silver Mine in Querétaro, Mexico, via a three-cornered amalgamation. Nuevo Silver shareholders will receive 16,802,316 Silverco shares, or about 34% of the outstanding shares, with Silverco assuming roughly US$11M in La Negra debt, US$12.5M in milestone payments due Q1 2027 and US$5M in contingent payments. Closing requires TSX Venture Exchange and other approvals.
AcquisitionSilverco Files Updated Mineral Resource Report on the Cusi Project
An independent technical report on the Cusi Ag-Au-Pb-Zn Project in Chihuahua State, Mexico, prepared by SGS Geological Services and dated January 14, 2026 with an effective date of October 20, 2025, has been filed on SEDAR+. Measured and Indicated resources total 4.89 Mt grading 206 g/t silver, 0.15 g/t gold, 0.73% lead and 0.86% zinc (262 g/t AgEq), with Inferred resources of 4.07 Mt at 172 g/t silver, 0.17 g/t gold, 0.89% lead and 1.20% zinc (243 g/t AgEq). There are no material differences from the December 9, 2025 news release, and no production decision has been made.
Resource update
202511 releases
Silverco Confirms No Material Change
At the request of CIRO, management confirmed it is unaware of any material change in the Company's operations that would account for the recent increase in market activity. Silverco Mining (TSXV: SICO) owns a 100% interest in the 11,665-hectare Cusi Project in Chihuahua State, Mexico, a past-producing underground silver-lead-zinc-gold project about 135 kilometres west of Chihuahua City with an existing 1,200 ton per day mill and tailings capacity.
NewsSilverco Announces Updated MRE for Cusi: 41 Moz AgEq M&I and 32 Moz AgEq Inferred
An updated mineral resource estimate for the 100%-owned Cusi Project in Chihuahua, Mexico, with an effective date of October 20, 2025, reports Measured and Indicated resources of 4.89 Mt grading 262 g/t AgEq for 41.2 Moz AgEq and Inferred resources of 4.07 Mt grading 243 g/t AgEq for 31.8 Moz AgEq, at a 120 g/t AgEq cut-off. The San Miguel Vein System contributes 10.8 Moz AgEq Indicated and 16.2 Moz AgEq Inferred. No production decision has been made.
Resource updateSilverco Intercepts 88M Grading 319 Gt Ageq 124M At 273 Gt Ageq And 157M At 193 Gt Ageq In Parallel Vein Sets At San Miguel Zone
Drilling at the San Miguel zone of the 100%-owned Cusi Property in Chihuahua, Mexico returned 8.8 metres grading 319 g/t AgEq, 12.4 metres at 273 g/t AgEq and 8.8 metres at 172 g/t AgEq in hole CU-25-37, while deeper step-out hole CU-25-39 returned 15.7 metres at 193 g/t AgEq and 11.0 metres at 174 g/t AgEq across steeply dipping parallel veins spaced about 10 metres apart. The 15,000 metre 2025 program is roughly two-thirds complete; these assays missed the cut-off for the December mineral resource estimate update and will be included in a 2026 update.
Drill resultsSilverco Mining Releases Additional Assays, Drilling 3.4m Grading 425 g/t AgEq at Cusi
Additional assays from the 15,000 metre 2025 diamond drill program at the 100%-owned Cusi Property in Chihuahua, Mexico included 3.4 metres of 425 g/t AgEq in hole CU-25-35 and 1.2 metres of 554 g/t AgEq in CU-25-33 at San Miguel, where the vein was extended about 50 metres to the southwest. At Eduwiges, CU-25-36a returned 1.5 metres of 764 g/t AgEq and CU-25-34 returned 1.1 metres of 259 g/t AgEq. The program is roughly three-quarters complete, with a Mineral Resource update expected in December.
Drill resultsSilverco Mining Engages SGS to Validate and Update Mineral Resource Estimate at the Cusi Property
SGS Canada Inc. has been engaged to independently validate and update the 2020 historical mineral resource estimate for the 100%-owned Cusi Property in Chihuahua State, Mexico, under NI 43-101. The update will integrate up to 11,500 metres of Silverco drilling (about 6,000 m from the 2025 program and 5,500 m from 2024), model the San Miguel Vein system for the first time, and account for roughly 900,000 tonnes of mining depletion. Completion is expected later this quarter. Silverco also engaged Capital Analytica for marketing and social media services for $150,000 over an initial six-month term, subject to TSXV approval.
Resource updateSilverco Mining Expands on San Miguel Target, Drilling 8.6m Grading 250g/t AgEq and 2.1m Grading 1,042 g/t AgEq at the Cusi Property, Chihuahua, Mexico
Initial assays from the 15,000 metre 2025 diamond drill program at the 100%-owned Cusi Property in Chihuahua, Mexico returned 250 g/t AgEq over 8.6 metres and 1,042 g/t AgEq over 2.1 metres in hole CU-25-29, and 365 g/t AgEq over 4.9 metres and 1,868 g/t AgEq over 1.4 metres in CU-25-25. The program, about two thirds complete, has extended the San Miguel system roughly 100 metres deeper, with further assays expected this quarter and into Q1 2026.
Drill resultsSilverco Mining Finalizes Name Change
The name change from Quetzal Copper Corp. to Silverco Mining Ltd. has been completed, following the October 22, 2025 news release. Shares continue trading on the TSX-V under the symbol SICO with 32,616,265 shares outstanding, and trading under the new name is anticipated to begin at market open on November 4, 2025. The new CUSIP is 827924101 and ISIN is CA8279241019, with no change in capitalization and no action required by shareholders. The delay resulted from a temporary BC Registries closure due to a labour dispute, which prevented the name change at the October 17, 2025 close of the reverse takeover of Silverco Mining Corp.
CorporateSilverco Mining Confirms New Discovery Model, Drilling 7.5m Grading 364g/t AgEq at Cusi Property, Chihuahua, Mexico
Assay results from a 5,500-metre, 14-hole 2024 diamond drill program at the 100%-owned Cusi Property in Chihuahua, Mexico include 7.5 metres of 364 g/t AgEq in hole CU-24-08 on the San Miguel vein and 3.2 metres of 519 g/t AgEq in hole CU-24-10c, a 200-metre step-out at the Eduwiges Extension east of the Cusi fault. A 15,000-metre 2025 drill program is underway with two rigs and first assays expected in November 2025. No production decision has been made; a possible restart is targeted as soon as H2 2026.
Drill resultsSilverco Mining Provides Corporate and Operational Update on the Cusi Property in Mexico Following Listing
A 15,000-metre drill program with two rigs is underway at the 100%-owned, 11,665-hectare Cusi Property in Chihuahua State, Mexico, following the company's October 17, 2025 TSXV listing via reverse takeover of Silverco Mining Corp. The property hosts a permitted, past-producing underground silver-lead-zinc mine with a 1,200-tonne-per-day mill, on care and maintenance since 2023. An NI 43-101 resource estimate is expected in Q4 2025 and a PEA in Q1 2026, targeting production in H2 2026. C$25 million was raised privately over 18 months.
CorporateSilverco Mining to Commence Trading on TSX Venture Exchange
Common shares will begin trading on the TSX Venture Exchange at market open on October 23, 2025 under the symbol SICO, following completion of a reverse takeover with Silverco Mining Corp. announced October 17, 2025, which established the Company as a Tier 2 Mining issuer focused on the Cusi Property in Chihuahua State, Mexico. A British Columbia labour dispute has closed BC Registries, delaying the legal name change from Quetzal Copper Corp. to Silverco Mining Ltd.
CorporateSilverco Mining Announces Completion of Reverse Takeover
The reverse takeover of Quetzal Copper Corp. by Silverco Mining Corp. has closed via three-cornered amalgamation, with the company renamed Silverco Mining Ltd., shares consolidated 100:1, and 31,727,854 post-consolidation shares issued at a deemed price of $1.60 per share at an exchange ratio of 1.88 shares per Silverco share. A $500,000 debt arrangement was settled for 312,500 shares at $1.60. Trading is halted pending a TSXV final bulletin expected on or about October 21, 2025, when shares resume under symbol SICO. Assets comprise the 16,073-hectare Cusi Mine Project in Chihuahua State, Mexico, and the Big Kidd Property.
Acquisition