Silverco Mining (SICO) investor relations material

Strategic vision and growth targets

• Aims to become a 10 million ounce per year silver equivalent producer within three years, leveraging two core assets in Mexico.

• La Negra mine is operational, with Cusi mine scheduled for restart in Q4 2026, targeting dual production by year-end 2026 and increased output through 2027.

• Both assets are in regions with strong infrastructure, skilled labor, and secure settings, supporting low capital intensity growth.

• Plans include organic growth and potential expansion opportunities within the sector.

• Forecasts exiting 2027 at a 4–5 million ounce run rate, progressing toward the 10 million ounce goal.

Asset development and operational improvements

• La Negra acquired in Q1 2026, with operational improvements and capital investments of CAD 15–20 million planned through Q1 2027.

• Focus on increasing mill utilization from 55% to 90–95% capacity via equipment upgrades and a new dry stack tailings facility.

• Cusi mine undergoing dewatering, rehabilitation, and contractor mobilization, with first concentrate production expected in Q4 2026.

• Both projects benefit from experienced management and technical teams with deep Mexico and silver sector expertise.

• Updated resource and mine plans for La Negra and ongoing exploration at both sites are key near-term milestones.

Exploration and resource expansion

• La Negra features a large, underexplored land package on the Sierra Gorda belt, with a 15,000-meter drill program underway.

• Cusi’s 30,000-meter 2026 exploration program targets infill, expansion, and new zones, especially at San Miguel.

• San Miguel, a newly acquired area, has already delivered a 27 million ounce resource and could double this year.

• Exploration aims to increase silver grades and production potential at both assets, with significant upside from new targets.

• Additional ounces at Cusi are close to existing development, enabling low-cost integration into mine plans.