Silverco Mining Ltd. · TSXV:SICO
Silverco Mining — Investor Presentation (October 2026)
26 slides from Silverco Mining's investor presentation, October 2026
Slide 1: Growing Production. Expanding Resources. Creating Value.
TSX.V: SICO OTCQB: SICOF GROWING PRODUCTION. EXPANDING RESOURCES. CREATING VALUE. OCTOBER 2026 SILVERCOMINING.COM
Slide 2: Disclaimer
DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of all matters Technical Disclosure concerning Silverco Mining Ltd. (the “Company”), and should be read in conjunction with all other disclosure documents of the Company available on the Company’s w
Slide 3: Why Silverco?
WHY SILVERCO? VISION: CREATE A 10M + OZ/YR SILVER PRODUCER IN NEXT 3 YEARS Tier 1 Experienced Jurisdictions Team Rapid Undervalued Production Relative to Growth Peers TSX.V: SICO 3
Slide 4: Our Team
OUR TEAM DEEP EXPERTISE IN INTERNATIONAL MINING AND MEXICO SILVER SECTOR Management Board and Advisors Mark Ayranto, President, CEO & Director Gary Brown, Director Leaders Mining Executive with history of success in building and +35 years of experience, leading high-performing mining organizations.
Slide 5: Corporate Structure
CORPORATE STRUCTURE WELL FUNDED TO EXECUTE ON VISION SICO SICOF Founders Retail TSX:V OTCQB 7% and Insiders Eric 12% Sprott 54.4 M 61.4 M 11% Shares Outstanding2 Fully Diluted Shares Outstanding2 C$9.01 C$53.6 M Share Price1 Cash2 C$490 M C$452 M Institutional + High Market Capitalization1,2 Enterpr
Slide 6: Near-Term Cashflow
NEAR-TERM CASHFLOW TARGETING EXITING 2026 WITH TWO PRODUCING MINES Near-Term Current La Negra Execute on improvements Producing at 55% of 2,500 Mine to increase capacity by end tpd nameplate capacity of H1 2027 Current Near-Term Cusi Mining Mine and mill restart Targeting first concentrate Complex u
Slide 7: Strong Foundation for Growth
STRONG FOUNDATION FOR GROWTH COMBINED POTENTIAL TO DELIVER SIGNIFICANT GROWTH AND SILVER EXPOSURE1 +700% Production Growth1 Annual Production (Moz AgEq) 160% 6.0 73% Silver Revenue 1 Silver Revenue (%) 140% 120% H2 2026-2030 4.5 100% Average Peak 3.0 73% 74% 74% 80% 70% 5.7 Moz1 AgEq2/yr 7.3 Moz1 Ag
Slide 8: Organic Growth Opportunities
ORGANIC GROWTH OPPORTUNITIES ESTABLISHED BASE CASE WITH UPSIDE AT BOTH PROPERTIES 01 Base Case 02 La Negra 03 Cusi Exit 2027 at Steady State Optimize and Target High Target Expansion Production Grade Silver, CRD System Opportunities Exit 2027 with both assets Optimize mine plan to pull high Target o
Slide 9: Leveraged to Silver Price
LEVERAGED TO SILVER PRICE CONSOLIDATED PRODUCTION PLACES SILVERCO IN TOP QUARTILE FOR SILVER EXPOSURE 120% Every $10/oz increase in silver price adds 100% combined $150M to consolidated Silverco NPV2 80% 60% 100% 40% 78% 73% 67% 57% 55% 55% 47% 44% 20% 41% 20% 0% Aya Gold & Silver Americas Gold and
Slide 10: La Negra Mine, Querétaro
LA NEGRA MINE, QUERÉTARO OPERATING, SCALING TO FULL CAPACITY Clear, low capital path to unlock higher capacity, explore and optimize. 2,500 TPD 55% → 100% Current Planned by end Mill Utilization of H1 2027 30+ 2024 US$20M Years operating Mine Planned investment1 history restarted largely funded thro
Slide 11: Increasing Production Profile
INCREASING PRODUCTION PROFILE INCREASED TONNAGE AND GRADES DRIVE PEAK PRODUCTION OF 5.6 MOZ AGEQ 4.1 Moz AgEq $24.86/oz AgEq 8.2-years Avg. Annual Production Avg. AISC (LOM avg.) Mine Life 6.0 60.0 55.8 5.0 50.0 Annual Production (Moz) 4.0 40.0 34.9 34.0 Ownership 3.0 30.3 30.0 Location 100% Queréta
Slide 12: Key Steps to Increase Production
KEY STEPS TO INCREASE PRODUCTION THREE STEPS TO HIGHER OUTPUT 01 New Equipment 02 Development 03 Filtered Tailings Improve Mining Fleet Maintain Development Create Capacity, Enhance Performance Rates Safety and Environment New Epiroc equipment ordered Maintain lateral development Installation of fil
Slide 13: Organic Growth Opportunities
ORGANIC GROWTH OPPORTUNITIES OPPORTUNITIES TO OPTIMIZE AND GROW 01 Optimize Mine 02 Increase Grades 03 Explore Plan Refine Mine Plan Target High Target Expansion to Include More Grade Silver Opportunities Resources Pull high-grade zones Target opportunities for Target opportunities to forward after
Slide 14: La Negra – Exploration Focus
LA NEGRA – EXPLORATION FOCUS THREE COMPLEMENTARY FOCUS AREAS 01 DRILLING 15,000 m Program Underway Surface and underground drilling to extend Brecha, Alacran, Gaby and Valenciana. 02 PROPERTY SCALE Target the Bigger Picture LiDAR, targeted IP and airborne MAG to identify intrusive bodies and sulfide
Slide 15: Cusi Mine, Chihuahua
CUSI MINE, CHIHUAHUA PERMITTED, ADVANCING TOWARD FIRST CONCENTRATE IN Q4 2026 A high-purity silver asset with restart on schedule and budget. ~90% Q4 2026 Revenue Restart on from silver schedule 120 km 1,200 On Trend Of major West of Chihuahua tpd mill deposits TSX.V: SICO 15
Slide 16: Silver Dominant Production
SILVER DOMINANT PRODUCTION STEADY PRODUCTION PROFILE OF ~90% SILVER BY REVENUE 2.5 Moz AgEq $27/oz AgEq 9-years Avg. Annual Production Avg. AISC (LOM avg.) Mine Life 3.0 60 57.9 2.5 50 Annual Production (Moz) 2.0 40 35.5 Ownership Location 1.5 30.9 30 29.2 28.7 100% Chihuahua, Mexico 26.4 22.1 Statu
Slide 17: Cusi Restart on Track
CUSI RESTART ON TRACK FIRST CONCENTRATE IN Q4 2026 Q2 Q4 2026 2026 Underground Development and Commercial Mill Improvements Production • Begin development mining at • Ramp up production rates to Promontorio and San Miguel full 1,200 tpd capacity • Continue improvements at • Declare commercial Malpos
Slide 18: Cusi – Exploration Focus
CUSI – EXPLORATION FOCUS 30,000 M UNDERWAY, MULTIPLE OPPORTUNITIES FOR GROWTH 01 PROMONTORIO Cusi Geology and Vein Map Target Within Planned Mine Footprint Opportunities to add ounces within the planned mine footprint, early in the mine life. 02 SAN MIGUEL Target Expansion of Wide, Higher Grades Hig
Slide 19: Near Term Catalysts
NEAR TERM CATALYSTS CATALYST ROADMAP Catalyst Q3 2026 Q4 2026 H1 2027 Cusi Mine and Mill Development and Rehabilitation Substantially complete, on track First Concentrate Production On track 30,000 m Drill Program 57% complete, focus on infill and expansion Resource & PEA Update On track Declare Com
Slide 20: Discounted to Mexican Peers
DISCOUNTED TO MEXICAN PEERS SILVERCO TRADES AT A +60% DISCOUNT TO SUB 10MOZ PEERS 900 13, 895 4,500 813.2 800 700 600 Market Cap (C$M) EV/2027 AgEq oz 3,000 493.6 500 60% discount to average EV/2027E ozAgEq of C$331/oz 400 367.1 332.3 300 1,500 240.1 199.3 200 120.9 100 83.4 0 0 GSVR-TSXV SM-TSXV 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 V7X 1M5 info@silvercomining.com Canada TSX.V: SICO OTCQB: SICOF TSX.V: SICO 21
Slide 22: Appendix
APPENDIX TSX.V: SICO 22
Slide 23: La Negra Mineral Resource Estimate
LA NEGRA MINERAL RESOURCE ESTIMATE EFFECTIVE 1 JULY 2026 · BASE CASE CUT-OFF 80 G/T AGEQ Average Grade Material Content Resource Class Mass Ag Cu Pb Zn AgEq Ag Cu Pb Zn AgEq Mt g/t % % % g/t koz Mlb Mlb Mlb koz Indicated 15.23 106 0.47 0.59 1.81 201 51,900 158 199 608 98,200 Inferred 2.26 92 0.21 1.
Slide 24: La Negra PEA Base Case Highlights
LA NEGRA PEA BASE CASE HIGHLIGHTS ROBUST ECONOMICS UNDER BASE CASE ASSUMPTIONS FINANCIAL $329 M 131% 2.0 yrs METRICS After-tax NPV (5%) After-tax IRR Payback Period LOM $24.86/oz 4.1 Moz AgEq 8.2-years OPERATING Avg. Annual AgEq Mine Life METRICS Production Avg. AISC (LOM avg.) LOM CAPITAL 15.7x $20
Slide 25: Cusi Mineral Resource Estimate
CUSI MINERAL RESOURCE ESTIMATE EFFECTIVE OCTOBER 20, 2025 · BASE CASE CUT-OFF 120 G/T AGEQ Measured & Indicated Resources MRE compared to net historic MRE: 4.89 million tonnes grading 262 g/t AgEq containing 41.2 million ounces AgEq. • 28% increase in M&I resources Inferred Resources • 22% increase
Slide 26: Cusi PEA Base Case Highlights
CUSI PEA BASE CASE HIGHLIGHTS1,2 RESTART PLANNED FOR Q4 2026 FINANCIAL $104M 94.8% 0.9 yrs METRICS After-tax NPV (5%) After-tax IRR Payback Period LOM OPERATING 2.5 Moz AgEq US$27/oz AgEq 9-year Avg. Annual Production Avg. AISC (LOM avg.) Mine Life METRICS LOM 5.4x $19.2M $140.6M CAPITAL After-tax N
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