Silverco at Mining Forum Americas 2026: ramp-up plan targets growth

On Tuesday, September 29, 2026, Silverco (SICO) unveiled an ambitious plan to become a 10-million ounce-a-year silver producer at the Mining Forum Americas 2026. The newly public company highlighted strong assets in Mexico, a seasoned management team, and low projected costs, while also acknowledging execution risks tied to mine restarts, equipment upgrades, and an extensive drilling campaign.

The company aims to achieve a production profile of 5 million to 8 million ounces per year, with over 4 million ounces expected in 2027. Two Mexican assets, La Negra and Cusi, are set to ramp up in the first half of 2026. The combined after-tax net present value of the mines is $450 million, with all-in sustaining costs projected below $30 per ounce.

Silverco ended Q2 with CAD 54 million in cash, and management believes the capital needed for restart and expansion is already deployed or relatively modest compared to future cash flow. The company is heavily investing in exploration, having completed 45,000 meters of drilling and targeting over 100 million ounces in measured and indicated resources by year-end.

CEO Mark emphasized the company's rapid growth from a small public listing to a large-scale silver producer, citing leadership experience from top-performing silver companies over the past decade. Silverco aims to bring both mines to full capacity by 2027, then utilize exploration and throughput gains to further increase production.

The company has CAD 54 million in cash at the end of Q2, with 55 million shares outstanding and a market capitalization of about CAD 500 million, or roughly $350 million. Investors can access real-time metrics and insights on Silverco's financial health and valuation through InvestingPro.