Silverco Mining
Chart
silverco mining Overview
Silverco Mining (TSXV:SICO, OTCQB:SICOF) is an operational-stage silver company focused on the Sierra Madre Occidental belt of Mexico. The company’s core technical strategy involves the optimization of the 100-percent-owned Cusi Mining Complex in Chihuahua, an 11,665-hectare district-scale land package. The asset is supported by institutional-grade infrastructure, including direct connection to the national power grid and paved road access, which drastically reduces the capital intensity of the production restart.
The company entered a definitive agreement with the previously announced acquisition by Nuevo Silver as of April 2026. This transaction provides Silverco with control over the La Negra mine in Querétaro, an asset that is currently producing and provides immediate top-line revenue. By combining the near-term restart of the Cusi 1,200 tpd mill with the existing production at La Negra, Silverco is bypassing the traditional multi-year development cycle typically associated with junior miners. This "buy-and-build" approach is led by a technical team with specific expertise in Mexican epithermal vein systems and complex underground mine engineering.
Company Highlights
- The $62.5 million upsized bought deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order provide cornerstone validation from a legendary mining investor and the necessary liquidity to fast-track production restarts.
- The updated Mineral Resource Estimate of 41.2 million ounces of silver equivalent (AgEq) in the Measured and Indicated category establishes a high-confidence geological foundation at Cusi, supporting long-term mine planning.
- The dual-track growth strategy involving the Cusi restart and the Nuevo Silver/La Negra acquisition provides immediate production scale and a diversified cash-flow profile across two distinct Mexican mining jurisdictions.
- Pure-play silver exposure with significant de-risking is achieved via the 1,200 tonne-per-day (tpd) Cusi mill, which was producing as recently as 2023, ensuring that surface infrastructure is "warm" and capable of a rapid return to service.
- Imminent exploration catalysts exist following the completion of a 15,000-metre drill program at Cusi; results are currently pending and are expected to define high-grade extensions at the San Miguel vein.
Detailed Quote
The Cusi Mining Complex is a fully permitted, underground silver-lead-zinc-gold operation. Historically, the project has been a silver-pure play, with approximately 85% of revenue derived from silver. Located 135 kilometres west of Chihuahua City, the complex consists of multiple historic mines and a centralized processing facility.
January 2026 Mineral Resource Estimate
Category | Tonnes (M) | Grade (g/t AgEq) | Contained Metal (M oz AgEq) |
Measured & Indicated | 4.89 | 262 | 41.2 |
Inferred | 4.07 | 243 | 31.8 |
Development Status
The current operational focus is the completion of technical and financial milestones required to return the 1,200 tpd mill to full capacity. Silverco recently concluded a 15,000-metre diamond drilling campaign targeting the San Miguel vein and downthrown structural extensions.
Final results from this program are pending and will be integrated into optimized mine restart studies. The company is prioritizing high-grade resource growth and operational optimization to maximize margins in the current silver price environment.
Leadership Team
Mark Ayranto - President, CEO, and Director
Mark Ayranto is a seasoned mining executive with extensive experience in the full life cycle of mine development, from initial advancement through to operational execution.
Sean Fallis - CFO
Sean Fallis is a CPA, CA with a background in senior financial leadership across NYSE, Nasdaq, and TSX-listed firms, specializing in large-scale M&A and corporate finance.
Nico Harvey - Vice-president, Project Development
Nico Harvey is a mining engineer providing technical oversight for both underground and open-pit operations, with a focus on mine planning and project optimization.
Carlos Beltran - Exploration Manager
Carlos Beltran is a specialist in Mexican epithermal systems whose career includes significant involvement in major silver-gold discoveries and resource expansions.
Aaron Ramirez - Administration Manager
Aaron Ramirez manages supply chain and logistics with nearly 20 years of experience supporting international mining operations within Mexico.
Board of Directors
Ricardo Trejo - Project Manager
Ricardo Trejo has over 20 years of experience in management, engineering and operations at multiple mine sites across Mexico. He was most recently the head of mining operations and engineering at Coeur’s Palmarejo
Gary Brown - Director
Gary Brown brings elite institutional credibility as the former CFO of Wheaton Precious Metals for 17 years, where he oversaw the company’s transition into a global precious metals powerhouse.
Gregg Bush - Director
Gregg Bush is a metallurgical engineer with 40 years of experience in international M&A, feasibility studies, and the engineering of large-scale mining infrastructure.
Tim Sorensen - Director
Tim Sorensen is an institutional equity specialist with 25 years in the mining sector; currently the CEO of TSCG Capital, a mining-focused merchant bank.
*Disclaimer: This profile is sponsored by Silverco Mining ( TSXV:SICO ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Silverco Mining in order to help investors learn more about the company. Silverco Mining is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
This profile contains forward-looking information, including statements regarding planned activities, timelines, business objectives, and market conditions. Forward-looking information is based on assumptions and is subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those anticipated. Readers should not place undue reliance on forward-looking information, which reflects the views of the profiled company as of the date of this profile and is not updated by INN.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Silverco Mining and seek advice from a qualified investment advisor.