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Silverco Mining (SICO) investor relations material
Silverco Mining Precious Metals & Critical Minerals Virtual Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategy and portfolio
Launched with a goal of building a silver producer exceeding 10 million oz/year within three years; two Mexican assets are targeted to be producing by the end of 2026.
La Negra is in Querétaro and Cusi is in Chihuahua; both are positioned in established mining regions with access to labor, infrastructure and services.
Share count was 54.4 million basic and ~61 million fully diluted; market cap was ~CAD 500 million and enterprise value just under CAD 450 million.
Victoria Avila became CFO at the end of September; Jesus Velador joined as VP Exploration, bringing more than 25 years of Mexico exploration experience.
Production and cash flow outlook
Forecast production growth exceeds 700% from H2 2026 to 2030, with 73% of revenue expected from silver.
Average annual production target is just under 6 million silver-equivalent oz; at $50/oz silver, forecast annual free cash flow is close to $80 million. Peak output exceeds 7 million oz and free cash flow is projected above $120 million/year.
La Negra is producing at 55% of its 2,500 t/day capacity; ramp-up to full commercial production is targeted by the end of H1 2027.
Cusi targets first concentrate in Q4 2026 and commercial production at 1,200 t/day by the end of H1 2027.
La Negra execution and economics
PEA at a $50/oz silver base case: after-tax NPV of $329 million, after-tax IRR of 131%, average annual production just over 4 million oz, AISC below $25/oz and an 8.2-year mine life.
Required funding at $50/oz is $12.5 million after expected La Negra cash flow over the next two quarters; funding need falls below $5 million at recent spot prices.
Approximately $20 million of capital improvements through H1 2027 are expected to be largely funded by cash flow; dry-stack tailings installation begins in Q1 2027 and commissioning is targeted in H1 2027.
New Epiroc equipment is expected to arrive over the coming weeks through Q1 2027; dry-stack capacity is intended to support throughput of 2,500 t/day.
Mine-plan work over the next 12 months may bring higher-grade zones planned for 2030 forward to as early as 2028; further opportunities include paste backfill and exploration.
- Aggressive ramp-up of two Mexican mines targets 4M+ ounces in 2027 and strong future growth.SICO
Mining Forum Americas 2026 - La Negra delivers strong returns with $329M NPV, 131% IRR, and 4.1 Moz AgEq annual output.SICO
Corporate presentation - Q2 2026 featured strong mine development, a key acquisition, and a $6.1M net loss.SICO
Q2 2026 - Targeting 10M oz/year, dual Mexico mines advance with strong team, exploration, and growth plans.SICO
Precious Metals & Critical Minerals Virtual Investor Conference - Advancing toward 10M+ oz/year silver output with major asset growth and operational milestones.SICO
Corporate presentation
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