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The latest update is out from Quetzal Copper Corp ( (TSE:SICO) ).
Silverco Mining has released a robust preliminary economic assessment for restarting the Cusi Mine, outlining a low-capital plan to resume underground operations with an initial mine life of about nine years and planned throughput of 1,200 tonnes per day. The study forecasts average annual production of roughly 2.5 million silver-equivalent ounces between 2028 and 2033, with 88% of life-of-mine revenue derived from silver and a life-of-mine all-in sustaining cost of US$26.75 per payable silver-equivalent ounce.
The PEA indicates an after-tax NPV of US$104.1 million, an IRR of 94.8%, and a sub-one-year payback at a base silver price of US$44.58 per ounce, rising sharply under higher price assumptions while requiring only US$19.2 million in initial capital. Silverco has begun early restart work, including dewatering, mine rehabilitation, staffing, and a 30,000-metre drill program to infill and expand resources, targeting concentrate production in late 2026 and full ramp-up by mid-2027, which could materially enhance the company’s near-term cash flow and strengthen its position as a competitive primary silver producer.
More about Quetzal Copper Corp
Silverco Mining Ltd. is a Vancouver-based precious metals company focused on restarting and operating its 100%-owned Cusi underground silver mine in Chihuahua, Mexico. The project is positioned as a primary silver producer with significant leverage to silver prices, supported by by-product credits from lead, gold, and zinc, and aims to deliver near-term, high-margin production.
Average Trading Volume: 144,989
Technical Sentiment Signal: Buy
Learn more about SICO stock on TipRanks’ Stock Analysis page.