Silverco Mining (SICO) Q2 2026 earnings summary

Executive summary

• Significant progress at Cusi and La Negra mines, with Cusi on track for first concentrate in Q4 2026 and La Negra targeting 2,500 tpd capacity in H1 2027.

• Completed acquisition of Nuevo Silver, adding 100% interest in La Negra Mine.

• Leadership transition: Sean Fallis stepping down as CFO, Victoria Avila promoted to CFO effective September 30, 2026.

Financial highlights

• Revenue of $10,387,168 and mine operating earnings of $374,984 from La Negra during the post-acquisition period.

• Net loss of $6,102,105 ($0.13 per share) for the quarter, including $2,372,538 loss from provisional pricing adjustments, $2,775,889 in G&A expenses, and $503,789 in transaction expenses.

• Cash balance of $53,619,837 as of June 30, 2026.

Outlook and guidance

• Cusi expected to deliver first concentrate in Q4 2026.

• La Negra aiming to reach nameplate capacity of 2,500 tpd in H1 2027.

• Tailings filtration project at La Negra on track for completion in Q1 2027.

• Updated mineral resource estimate and preliminary economic assessment for La Negra expected in Q3 2026.