Silverco Mining (SICO) Precious Metals & Critical Minerals Virtual Investor Conference summary
Event summary combining transcript, slides, and related documents.
Precious Metals & Critical Minerals Virtual Investor Conference summary
28 Jul, 2026Strategic 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.