Silverco Mining (TSX-V:SICO) CEO Mark Ayranto says the Cusi Mine, located in Mexico, is “one of the most compelling” primary silver restart opportunities globally, after receiving results from an independent preliminary economic assessment (PEA).
The PEA outlines a post-tax net present value of US$104.1 million and an internal rate of return of 94.8%.
Cusi is forecast to have an average annual production of 2.5 million ounces of silver-equivalent between 2028 and 2033, with 90% revenue from silver. The project also has an all-in sustaining cost of US$26.75 per payable ounce.
Silverco is targeting a restart of processing late this year, with the full ramp-up expected by mid-2027.
Ayranto says the company has sufficient funds on hand to finance the restart and continue its 30,000m drilling program that is testing for on strike and downthrown extensions, as well as infill drilling.
“Work is well underway at the mine and mill to support the restart, including dewatering and mine rehabilitation, hiring of key discipline managers, and commencement of the bid process for an underground mine contractor,” the CEO says.
Ore will be transported from the mine via 30-tonne highway trucks to Silverco’s existing 1,200 tonnes per day processing facility, located 40km from the mining areas. The mill uses a conventional comminution and flotation circuit designed to produce a high-value bulk lead-silver concentrate.
Permitting is already in place for additional capacity required by the end of 2027.
Silverco Mining is focused on advancing its wholly owned Cusi Silver Complex located in Chihuahua, Mexico.
Write to Aaliyah Rogan at Mining.com.au
Images: Silverco Mining
