Northwire Canada EditionWednesday, November 11, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% Gold 4,030.20 −2.0% Silver 51.23 −2.8% Copper 6.27 −1.2% Oil 86.04 −0.9% Palladium 1,024.00 +0.2% NVX 0.910 +0.0% MSR 0.435 +0.0% ELE 22.85 −4.0% ALS 53.01 −2.2% APM 5.13 −6.6% AVL 5.46 −5.4% NG 8.84 −9.0% ATY 0.220 −2.2% CN 0.125 −10.7% PMET 3.22 −4.2% ITH 1.99 −11.6% VMET 12.33 −6.9% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1%
M&A / Property

Silverco target Nuevo closes La Negra acquisition

By The Northwire Desk — AI Analysis Feb 23, 2026 · 18:51 SICO · 12.37 Silverco Mining Ltd.
SICO · Price

Executive Summary

  • Silverco Mining Ltd. has received confirmation that Nuevo Silver Inc. has completed the purchase of the La Negra mine in Queretaro, Mexico.
  • Silverco is proceeding with the proposed acquisition of Nuevo Silver, which now holds 100% interest in the producing La Negra mine.
  • The parties are continuing negotiations for a definitive agreement and working to satisfy remaining conditions, including due diligence, board approval, and TSX Venture Exchange approval.

Key Details

  • Transaction Status: Silverco is proposing to acquire 100% of Nuevo Silver Inc. pursuant to a previously announced binding letter agreement.
  • Target Asset: Nuevo Silver has completed the acquisition of the La Negra mine, a producing silver mine located in Queretaro, Mexico.
  • Previous Agreements:
    • Silverco announced the proposed acquisition on January 20, 2026.
    • Nuevo Silver entered into a share purchase agreement (SPA) effective January 18, 2026, to acquire the La Negra mine.
  • Remaining Conditions: The transaction is subject to:
    • Negotiation of a definitive agreement.
    • Completion of Silverco’s due diligence.
    • Silverco’s assessment of potential benefits.
    • Silverco board approval.
    • Conditional approval from the TSX Venture Exchange.

Notable Quotes

  • "Nuevo Silver has advised the company that Nuevo Silver's purchase of the La Negra mine in Queretaro Mexico has been completed."
Read the original news release →

More from Silverco Mining Ltd.

Nov 05, 2026 · 17:52

Silverco’s administrative preliminary economic assessment filing mirrors its September guidance, offering no new catalysts to re-rate the stock.

Technical Study Oct 14, 2026 · 06:31

Silverco’s Cusi infill drilling confirms the mine plan without adding scale to the C$470 million producer.

Drill Results Sep 21, 2026 · 06:31

Silverco’s low-capex PEA validates La Negra scaling despite persistent cash burn and going concern risks.

Resource Estimate Aug 26, 2026 · 23:25

Silverco reports first revenue but faces a going-concern caveat as its silver project remains thin.

Earnings Aug 24, 2026 · 06:31

Silverco’s La Negra debottlenecking aims to reach 2,500 tpd by the first half of 2027.

Drill Results Aug 04, 2026 · 06:31

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

Production / Operations