The company is making a final transition to mid-tier producer status through a binding agreement to acquire Nuevo Silver. This deal gives Silverco control of the La Negra mine in Querétaro, an asset that is currently productive and generating immediate revenue. By combining the short-term restart of the 1,200 tonnes per day Cusi plant with ongoing production at La Negra, Silverco effectively avoids the multi-year development cycle that young miners typically face.
This buy-and-build strategy is driven by a technical team with specialized expertise in Mexican epithermal vein systems and complex underground mining, enabling the company to accelerate growth while maintaining operational discipline.
Company Highlights
- The $62.5 million major purchase deal financing (closing Q1 2026) and Eric Sprott’s $10 million lead order providing cornerstone validation from a legendary mining investor and the necessary liquidity to quickly restart production.
- 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 base at Cusi to support long-term mine planning.
- The two-pronged growth strategy includes the restart of Cusi and the acquisition of Nuevo Silver/La Negra offers immediate production scale and a diversified cash flow profile in two different Mexican mining jurisdictions.
- Pure-play silver exposure with significant risk reduction is achieved through the Cusi plant with a capacity of 1,200 tonnes per day (tpd), which did not produce until 2023, ensuring that the surface infrastructure is “warm” and can be returned to service quickly.
- Looming exploration catalysts exist following the completion of a 15,000 meter drilling program at Cusi; results are currently pending and are expected to define high-grade extensions in the San Miguel vein.
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