Silverco Mining Ltd. · TSXV:SICO
Silverco Mining — Investor Presentation (April 2026)
23 slides from Silverco Mining's investor presentation, April 2026
Slide 1: Emerging Multi-Asset Silver Producer in Mexico
TSX.V: SICO OTCQB: SICOF EMERGING MULTI-ASSET SILVER PRODUCER IN MEXICO APRIL 2026 SILVERCOMINING.COM
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical fact, that address future operations, resource potential, exploration drilling, exploitation activities and events or dev
Slide 3: Why Silverco?
WHY SILVERCO? VISION: CREATE A 10M + OZ/YR SILVER PRODUCER IN NEXT 3 YEARS Tier 1 Jurisdictions Regulatory framework, infrastructure, access to labour Experienced Team Mine execution, capital markets, operational excellence Near Term Cash Flow Potential for two cash flowing mines in H2 2026* Low Cap
Slide 4: Our Assets
OUR ASSETS 100% OWNED UNDERGROUND SILVER MINES* IN MEXICO LA NEGRA MINE1, QUERÉTARO CUSI MINING COMPLEX, CHIUHAHUA Permitted and Producing Permitted Restart Plan for Late 2026 Restarted in 2024, operating at 55% of 2,500 tpd capacity Avg. Production of ~2.5 M AgEqoz at full run rate of 1,200 tpd2 Di
Slide 5: Our Team
OUR TEAM DEEP EXPERTISE IN INTERNATIONAL MINING AND MEXICO SILVER SECTOR MANAGEMENT BOARD AND ADVSIORS Mark Ayranto - President, CEO and Director - Mining Gary Brown, Director - +35 years of experience as a Executive with history of success in building and leading finance professional, former CFO of
Slide 6: Corporate Structure
CORPORATE STRUCTURE WELL FUNDED, NO DEBT Founders, SICO SICOF Mgmt & TSX:V OTCQB BOD 12% 37.6 M 44.6 M Shares Outstanding1 Fully Diluted Shares Outstanding1 Eric Sprott 14% $10.51 High Net- Share Price2 Worth/Institutional Retail 64% 10% $469 M $62.5 M Market Capitalization2 Bought deal completed Fe
Slide 7: Cusi Mine
CUSI MINE CHIHUAHUA, MEXICO Rare True Silver Deposit ~90% revenue from silver Sierra Madre Occidental Belt On trend of major deposits Accessible Location 120 km west of Chihuahua – Access to experienced labour pool Paved Road, Connected to the Grid Road to mine portal, 33 kV line to site 1,200 tpd m
Slide 8: PEA Highlights
PEA HIGHLIGHTS1,2 ROBUST RESTART PLANNED FOR Q4’26 41.2 Moz 18.8 Moz 1,200 tpd ~9 years AgEq M&I LOM Produced AgEq Milling Throughput Initial mine life 31.8 Moz US$19.2 M 2.47 M AgEq oz US$26.75/oz AgEq Inferred Initial Capital Avg Annual Prod (’28-’33) AISC per AgEq oz3 Base Case US$104 M 94.8% 0.9
Slide 9: Leveraged to Silver Price
LEVERAGED TO SILVER PRICE EVERY US$10/OZ INCREASE RESULTS IN APPROXIMATELY US$70M OF INCREMENTAL NPV(5%) 541% 349% After-Tax NPV5% ($M) After-Tax-IRR 187% 116% 95% $104 $207 $312 $487 $626 Base Case - $44.58 $60 Upside Case - $75 $100 $120 Notes: (1) NPV and IRR are presented in rounded format (2) B
Slide 10: PEA Production Profile
PEA PRODUCTION PROFILE ~90% SILVER REVENUE WITH AVERAGE ANNUAL PRODUCTION OF 2.47 M AGEQ OZ 140 2,800 3%1% 8% 120 2,400 100 2,000 Revenue US$M AgEq koz 80 1,600 Metal Net Smelter Return 60 1,200 40 800 20 400 88% Silver - 0 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Ag Pb Au Zn Payable AgEq P
Slide 11: True Silver Project
TRUE SILVER PROJECT RANKS HIGHLY ON PERCENTAGE OF TOTAL M&I RESOURCE VALUE ATTRIBUTABLE TO SILVER 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% La Cusi La Parrilla La Guitarra Topia Las Chispas Los Gatos San Diego San Dimas Avino Palmarejo San Rafael Juanacipio Reliquias Santa Elena San Felipe Encanta
Slide 12: Growth and Next Steps
GROWTH AND NEXT STEPS 2026 EXPLORATION PROGRAM AND EARLY RESTART WORK UNDERWAY 30,000 m Drilling in 2026 Infill and expansion focus from surface and underground Mine Restart Activities Advanced Dewatering complete and underground rehabilitation underway Key Discipline Hires Underway Number of key po
Slide 13: Claims and Veins
CLAIMS AND VEINS LARGE UNDEREXPLORED LAND PACKAGE CUSI CLAIMS GEOLOGY AND VEIN MAP Promontorio Mine Eduwiges Mine TSX.V: SICO 13
Slide 14: San Miguel Resource Growth
SAN MIGUEL RESOURCE GROWTH LARGE INITIAL RESOURCE AND GROWING Highly Prospective Claims Not previously included in Cusi package, acquired in 2024 Substantial Portion of Resource Currently 1/3 of total resource Veins Open at Depth and Along Strike 2025 drill program demonstrated potential for further
Slide 15: San Miguel Continued Growth
SAN MIGUEL CONTINUED GROWTH OPPORTUNITY TO DEFINE MORE AND WIDER VEINS CU-25-37/39 Cross Section Multiple Wide, Parallel Veins Vein widths significantly above historical average Drilling Excluded from 2025 Resource 9,026 m of additional drilling in 2025 since MRE update Post MRE Assays Not in 2025 R
Slide 16: Downthrown Extensions
DOWNTHROWN EXTENSIONS SIGNIFICANT UNREALIZED POTENTIAL Promontorio Eduwiges Mine Andesite Mine Andesi Initial Downthrown te extension mined 21.1m @ 156 g/t Ag w/ 5.15m @ 353 g/t Ag DC21M837 4.2m @ 842 g/t Ag & 1.56 g/t 3.15m @ 498 g/t Ag & 0.23 g/t Au DC17B718 Au CU-24-10 0.3m @ 3,326 g/t Ag & 0.30
Slide 17: La Negra Mine
LA NEGRA MINE QUERÉTARO, MEXICO Long Standing Underground Mine Commenced production in 1970s, weathered multiple commodity cycles Active Underground Operation Underground infrastructure and fleet in place, low cost long-hole and room and pillar mining methods restarted in 2024 2,500 tpd Mill Current
Slide 18: Transformational Acquisition
TRANSFORMATIONAL ACQUISITION TARGETED TO CLOSE IN Q2’26 Acquisition of 100% of Nuevo Silver Deal Terms Owner of the La Negra Mine • Issuance of ~17 million shares • Assumption of Nuevo Silver’s financial obligations, Join Producing High Growth Peer Group including: Active underground silver – lead –
Slide 19: 2026 Catalysts
2026 CATALYSTS 2025 MILESTONES ✓ Raised C$25M privately H1 H2 ✓ Listed publicly 2027+ 2026 2026 ✓ Completed 15,000m drill program ✓ Dewatered Promontorio ✓ Published Updated Mineral Resource Estimate ✓ $62.5 M Financing • Cusi • Cashflow growth ✓ OTC Listing • Ongoing restart programs • Ongoing ✓ Cu
Slide 20: Silverco Mining Comps
SILVERCO MINING COMPS A SIGNIFICANT VALUE GAP 6,000 1050 $19,934M $5,382M EV/AgEq Oz pa(C$) Mkt Cap (C$M) $916 5,000 $868 850 $788 $768 $701 $3,872M $3,809M 4,000 650 $632 Avg. EV/AgEq Oz pa $624 Taken out in $30 silver environment 3.5x 5.0x 3,000 450 La Negra acquisition completion $2,663M turns Si
Slide 21: Contact Us
CONTACT US MARK AYRANTO, CEO HEAD OFFICE GENERAL SOCIAL info@silvercomining.com 750-1095 W Pender St silvercomining.com Vancouver, BC, V6E 2M6 info@silvercomining.com Canada TSX.V: SICO OTCQB: SICOF TSX.V: SICO 21
Slide 22: Appendix
APPENDIX TSX.V: SICO 22
Slide 23: 2025 Mineral Resource Estimate
2025 MINERAL RESOURCE ESTIMATE UPDATED AND VALIDATED MINERAL RESOURCE ESTIMATE MRE compared to net historic MRE: Measured & Indicated Resources • 28% increase in M&I resources 4.89 million tonnes grading 262 g/t AgEq containing 41.2 million ounces AgEq. • 22% increase in M&I grade Inferred Resources