Overview
The Cusi Silver Complex is a permitted, past-producing underground mining complex located within the Sierra Madre Occidental belt, historically known for its silver, lead, zinc, and gold deposits.
Key aspects of the project include:
- 120 kilometers west of Chihuahua City
- 100% ownership of 95 mineral concessions covering 11,665 hectares
- 1,200 tonne-per-day mill and permitted tailings capacity approximately 40 km from the underground mine
- Strong infrastructure, including paved highway access and a 33 kV connection to the national power grid
- Underground development and infrastructure in place
- Potential to be restarted with minimal capital and ramped up to full mill throughput.
In 2022, the operation produced 1.43 million silver-equivalent ounces at an all-in sustaining cost of $23.17 per ounce, based on 63% mill utilization. The estimated replacement cost of the mine and mill infrastructure is over US$150 million. There is potential to improve project economics through increased mill throughput, higher grades, and lower costs.
Silverco Mining is advancing the 100%-owned Cusi Silver Complex in Chihuahua, Mexico. The Complex includes a permitted past-producing silver mine with a 1,200 tpd mill, and recently consolidated claims along the San Miguel Vein System, totaling a 11,665-hectare land package.
On April 12, 2026 the results of the Cusi Restart Preliminary Economic Assessment were released, confirming Cusi as one of the most compelling primary silver restart opportunities globally due to low upfront capital, rapid payback, and strong leverage to rising silver prices. Read more about the study here.
