Northwire Canada EditionWednesday, November 11, 2026
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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 Provides Update on Nuevo Silver

By The Northwire Desk — AI Analysis Feb 23, 2026 · 08:31 SICO · 11.74 Silverco Mining Ltd.
SICO · Price

Executive Summary

  • Silverco Mining confirms that Nuevo Silver has completed its purchase of the La Negra Mine in Querétaro, Mexico.
  • The acquisition of Nuevo Silver (and thereby the La Negra Mine) remains under negotiation for a definitive agreement, pending due‑diligence, board approval and TSX Venture Exchange conditional approval.
  • Completion of the La Negra Mine purchase moves Silverco closer to adding a producing silver asset to its portfolio alongside its 100% owned Cusi Project.

Key Details

  • Transaction Status: Nuevo Silver has advised that its purchase of the La Negra Mine is now complete.
  • Proposed Acquisition: Silverco continues to pursue an acquisition of Nuevo Silver, which entered into a Share Purchase Agreement (SPA) on January 18, 2026.
  • Target Asset: 100% ownership of the La Negra Mine – a producing silver mine located in Querétaro, Mexico.
  • Next Steps for Silverco:
  • Negotiate and execute a definitive acquisition agreement with Nuevo Silver.
  • Complete remaining due‑diligence and assess benefits of the transaction.
  • Obtain approval from Silverco’s board of directors.
  • Secure conditional approval from the TSX Venture Exchange.
  • Corporate Background (retained for context): Silverco owns a 100% interest in the 11,665‑hectare Cusi Project in Chihuahua State, Mexico, featuring an existing 1,200 t/d mill and multiple historic Ag‑Au‑Pb‑Zn mineralized zones.

Notable Quotes

  • “On Behalf of the Board of Directors” – Mark Ayranto, President & CEO (no direct quote provided).
Read the original news release →

More from Silverco Mining Ltd.

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Technical Study Oct 14, 2026 · 06:31

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Drill Results Sep 21, 2026 · 06:31

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Earnings Aug 24, 2026 · 06:31

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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