Canadian Co. Lands Massive Active Silver Mine Acquisition in Mexico

1. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
2.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

In an April 27, 2026, news release, Silverco Mining Ltd. (SICO:TSXV) announced that the company has entered into a definitive share agreement, providing for the previously announced acquisition by the company of Nuevo Silver Inc. Silverco will acquire all the issued and outstanding common shares of Nuevo via issuance of common shares of the company. Once the transaction is completed, Silverco will fully own Nuevo as a subsidiary.

Nuevo owns a 100% interest in the silver-producing La Negra mine in Queretaro, Mexico.

Highlights of the acquisition include:

• Existing shareholders of Nuevo will receive an aggregate of 16,802,316 Silverco shares.
• The company will assume Nuevo's existing indebtedness of approximately US$11 million associated with the producing La Negra mine.
• The company will assume US$12.5 million in milestone payments and US$5 million in contingent payments potentially payable to the former owner of the La Negra mine.

Upon the transaction's closing, former Nuevo shareholders anticipate holding approximately 31% of outstanding Silverco shares, with current Silverco shareholders owning 69%. Since certain Silverco insiders also hold shares of Nuevo, at a collective rate of 7.35%, the transaction is considered a related party transaction. Silverco's board has been given a favorable fairness rating from ATB Cormark Capital Markets, and the board has approved the transaction.

Silverco is a Canadian mining company focused on silver-lead-zinc-gold acquisition in Chihuahua, Mexico, at the 11,665-hectare Cusi property within the Sierra Madre Occidental gold-silver belt.

Silver Continuously Bullish

Despite conflict in the Middle East and uncertainty surrounding inflation risks, silver has remained in a bullish market. In his April 29 article, Krauth wrote, "I expect silver prices to remain high and think the US$60 -US$70 will become the new floor. Demand is simply too robust and continues to outpace supply. Price has to adjust to reflect this reality." He continued, writing, "Persistent inflation continues to erode purchasing power. Global debt levels remain elevated. And confidence in fiat currencies is gradually being questioned — not abruptly, but steadily. Historically, these are the kinds of conditions that have pushed investors toward hard assets."

Neils Christensen wrote about silver's bull market in an April 28, 2026, article for Kitco, noting that ". . . prices jumped 55% in the first three months of the year compared to the final quarter of 2025. The analysts noted that the overall precious metals price index has increased by 84% compared to the first quarter of last year."

On April 30, gold and silver both rose in value as the U.S. dollar weakened. June gold futures were trading at US$4,658, while May silver futures were up US$2.10 at US$73.67. Jim Wyckoff for Kitco reported that, "May silver futures see the next upside price objective for the bulls is closing prices above solid technical resistance at the April high of US$83.245. The next downside price objective for the bears is closing prices below solid support at US$70.00. First resistance is seen at US$75.00 and then at this week's high of US$76.555. Next support is seen at this week's low of US$70.885 and then at US$70.00."

Aggressive Production Growth Predicted

On April 29, 2026, Peter Krauth of The Gold Advisor wrote that the TSX Venture Exchange has already conditionally approved the deal, stating, "I hold Silverco shares because the company has an enviable business model of aggressive production growth combined with big exploration upside with 30K meters of drilling this year."

Focus on Two Projects

In 2026, the company has a lot of work planned at Cusi, including early mine rehabilitation work, restarting mine development, refurbishing the mine's mill, and instigating a 30,000-meter drill program. In the second half of 2026, Silverco will restart programs and Cusi and ramp up both the mine and mill.

At La Negra, the company will embark on capital improvement projects and complete between 15-20,000 meters of drilling to complement the already-producing mine.

Ownership & Share Information¹

Silverco Mining Ltd. has a market cap of CA$354.68 million, with 37.97 million shares outstanding. The company's 52-week range is CA$2.00-CA$16.67.

Institutions own 6.76% of shares, while Strategic Investors own 14.32%. Management & Insiders own 6.02% of shares, and the remaining 72.10% of shares are held by Retail.