Silverco Mining Ltd.
Silverco Mining Ltd. (renamed from Quetzal Copper Corp. in October 2025, following a reverse takeover of Silverco Mining Corp.) holds 100% of the fully permitted, past-producing Cusi silver-lead-zinc mine complex in Chihuahua, Mexico -- approximately 95 concessions and an existing 1,200 tpd mill, where silver has historically accounted for ~85% of recovered metal value. The company is restarting underground mining, with first ore targeted late Q3 2026 and first concentrate Q4 2026, alongside a 30,000-metre 2026 exploration program.
Lifecycle Milestones
Construction Milestones
2 of 5 reached- Reached — date not disclosed · Cusi silver-lead-zinc mine complex fully permitted, with an existing 1,200 tpd mill
- Feb 2026 · Silverco announced closing of its $62.5 million 'bought deal' offering (upsized from an initial announcement Jan 29, 2026) shortly before underground development began at Cusi (Aug 4, 2026) -- the company's real financing/decision-equivalent event enabling the Cusi restart, consistent with the ARTG convention (Task #305 batch1 script). The May 19, 2026 completion of the related Nuevo Silver acquisition also preceded the restart. · Source
- Not yet reached
- Not yet reached
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Silverco Mining Ltd. Mining exploration, development, finance and operations executive. Former COO of Victoria Gold, where he helped advance the Eagle Gold Mine from exploration to operations as the company's market cap grew from roughly $8 million to over $1 billion. Founder and former Chair of Banyan Gold. Former President of the Yukon Chamber of Mines and Chair of the Yukon Mineral Advisory Board. Part of the team recognized with AME's 2021 E.A. Scholz Award for mine development excellence.
Chief Financial Officer of Silverco Mining Ltd. (CPA) Senior finance leadership experience at NYSE, Nasdaq and TSX-listed mining, technology and shipping companies. A key contributor to the Sierra Wireless management team through its $1.3 billion sale to Semtech in January 2023, during which the share price more than tripled.
Vice President of Project Development of Silverco Mining Ltd. Mining engineer and UBC Mining Engineering graduate with open pit and underground experience across gold, copper and coal. Former head of technical services at Victoria Gold and former Underground Mine Engineer at the Minto mine.
Executive Vice President of Silverco Mining Ltd. (P.Eng., Ontario) 20 years of mine operations, project development and capital markets experience. As Senior VP of Corporate Development at SilverCrest Metals she helped secure over $250 million in financing and facilitated its $1.5 billion sale to Coeur Mining in October 2024. Former precious-metals equity research analyst; earlier mining engineer roles at Inco and Placer Dome. Director at Orezone Gold and Americas Gold and Silver; previously on the Maverix Metals board. Mining Engineering degree, Queen's University.
Senior Vice President, Corporate Affairs and Finance of Silverco Mining Ltd. (CPA, CMA) Over 10 years as a senior finance executive, including CFO of JDS Energy & Mining from 2015 to 2025, overseeing financial operations, M&A and international capital structures. Prior corporate banking, underwriting and analyst roles at BDC, Scotiabank (Chile and Mexico) and Export Development Canada. Commerce degree, University of Ottawa. Fluent in English, Spanish and French.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Eric Sprott, the well-known resource-sector financier, is a heavily and continuously accumulating major shareholder, adding tens of millions of dollars in stock through 2026. Two additional insiders also bought stock on the open market within the last year, with no offsetting selling on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Cusi Mine (Chihuahua, Mexico) restart PEA, NI 43-101 technical report effective 20 Oct 2025, announced 13 Apr 2026. Base case (US$44.58/oz Ag): after-tax NPV5% US$104.1M, IRR 94.8%, 0.9-year payback, 8.3-year mine life, initial capital US$19.2M (5.4x after-tax NPV/initial capital). Upside case (US$75.00/oz Ag): after-tax NPV5% US$312.2M, IRR 186.9%, 0.5-year payback -- not written to the Miner-level field, base case is the headline figure per repo convention. Average annual production ~2.5 Moz AgEq (2028-2033), ~90% revenue from silver. LOM AISC US$26.75/oz payable AgEq. Existing ouncesFound (41.2M oz, already VERIFIED) is consistent with this PEA's stated M&I resource of 4.89 Mt @ 206 g/t Ag, 0.15 g/t Au, 0.73% Pb, 0.86% Zn (262 g/t AgEq, ~41.16M AgEq oz) -- left untouched, within rounding of the existing figure.