Northwire Canada EditionThursday, September 17, 2026
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Resource Estimate

Silverco Mining Provides Corporate and Operational Update on the Cusi Property in Mexico Following Listing

By The Northwire Desk — AI Analysis Oct 28, 2025 · 08:31 SICO · 3.82 Silverco Mining Ltd.
SICO · Price

Executive Summary

  • Silverco Mining Ltd. completed its TSXV listing via a reverse takeover on October 17 2025 and is now publicly traded.
  • The company has raised C$25 million in private financing over the past 18 months, providing a strong cash position to advance the fully‑permitted Cusi Property toward production in H2 2026.
  • A 15,000‑metre drill program is underway with results expected Q4 2025–Q1 2026; a maiden NI 43‑101 resource estimate is slated for Q4 2025 followed by a preliminary economic assessment in Q1 2026.

Key Details

  • Listing Completion: Reverse takeover of Silverco Mining Corp. finalized on 17 Oct 2025; shares now trade on the TSXV Venture Exchange (TSXV: SICO).
  • Capital Raised: C$25 million raised privately over the last 18 months, including an oversubscribed recent financing round.
  • Cusi Property Overview: 100 % owned, fully permitted underground silver‑lead‑zinc mine with a 1,200 t/d mill; historic resource (2020) totals ~5.36 Mt Measured + Indicated at 215 g/t AgEq.
  • Drilling Activity:
  • Completed 5,500 m drill campaign in 2024 on San Miguel & La Bamba inset claims and Eduwiges extensions; results pending.
  • Current 15,000 m program with two rigs targeting high‑grade zones; additional drilling through year‑end 2025.
  • Resource & Economic Milestones:
  • Maiden NI 43‑101 mineral resource estimate planned for Q4 2025.
  • Preliminary Economic Assessment (PEA) scheduled for Q1 2026 to support production restart.
  • Production Timeline: Targeting first production in the second half of 2026 from the Cusi Property.
  • Strategic Acquisitions: Acquisition of San Miguel and La Bamba inset claims adds a third mining zone, increasing potential tonnage.
  • Management Vision: Aim to become a 10 + million‑ounce annual silver producer within three years through development of Cusi and accretive acquisitions.
  • Qualified Person: Nico Harvey (VP Project Development) has reviewed and approved all technical content per NI 43‑101.

Notable Quotes

“The completion of our listing on the TSXV marks a major milestone for Silverco. With a strong treasury, an experienced technical team, and a high‑quality asset in the fully permitted Cusi Property, we are well positioned to execute on our plan to enter production in the second half of 2026.” – Mark Ayranto, President & CEO

All forward‑looking statements are subject to risks and uncertainties that could cause actual results to differ materially.

Read the original news release →

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Aug 26, 2026 · 23:25

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Silverco’s Cusi project is 68% complete with the first blast, targeting Q4 2026 concentrate production.

Production / Operations Jul 13, 2026 · 06:31

Silverco begins drilling at La Negra and plans to restart Cusi, leveraging its cash-rich position to execute its development strategy.

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Drill Results Jun 25, 2026 · 06:31

Silverco Mobilizes Underground Mining Contractors at Cusi Property

Production / Operations