# Silverco Mining Releases Robust PEA for the Cusi Mine Highlighting High-Margin, Low Capital Restart

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6

Original source: https://money.tmx.com/en/quote/SICO/news/7183655752072631/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l

Publisher: tmx

Original announcement: 2026-04-13T09:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Silverco Mining Ltd.

- Ticker: SICO

- Exchange: TSX

- Region: Chihuahua, Mexico

- Primary commodity: Silver

- Secondary commodities: Lead, Gold, Zinc

- Document categories: Resource update, Metallurgy

- Extracted: 2026-09-14 22:50:42 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Silverco Mining has released a robust Preliminary Economic Assessment \(PEA\) for the restart of its 100%-owned Cusi Mine in Mexico, highlighting strong economics with an after-tax NPV\(5%\) of US$104.1 million and an IRR of 94.8% at base case silver prices. The PEA outlines a low-capital restart of US$19.2 million with a rapid payback period of 0.9 years, leveraging existing infrastructure and a conventional flotation circuit for high silver and lead recoveries. The project is underpinned by an updated NI 43-101 compliant Mineral Resource Estimate, with 4.89 Mt of Measured and Indicated resources at 206 g/t AgEq.

Reasoning: The Preliminary Economic Assessment for the Cusi Mine restart demonstrates robust economics with a high IRR, low initial capital, and rapid payback, supported by a significant Measured and Indicated resource base and strong silver recoveries. While the PEA is preliminary and includes speculative inferred resources, the overall outlook is highly positive for a near-term production restart.

- Positive factor: High Internal Rate of Return \(IRR\)

- Positive factor: Low initial capital expenditure

- Positive factor: Rapid payback period

- Positive factor: High silver recovery in metallurgical testwork

- Positive factor: Significant Measured and Indicated resource component

- Positive factor: NI 43-101 compliant resource estimate with QP sign-off

- Positive factor: Existing infrastructure and processing facility

- Negative factor: Preliminary Economic Assessment \(PEA\) includes speculative Inferred Mineral Resources

- Negative factor: Project economics are highly sensitive to metal prices

- Negative factor: Gold and zinc recoveries are in the weak band for flotation

Facts used in scoring: 24

## Classification and evidence

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The Mineral Resource Estimate was prepared by a Qualified Person as defined by NI 43-101 and peer reviewed by another Qualified Person.

Evidence · text

> The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Cusi Property on September 22-23, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The Mineral Resource Estimate was signed off by Ben Eggers, MAIG, P.Geo. and peer reviewed by Allan Armitage, Ph.D., P.Geo., both independent Qualified Persons.

Evidence · text

> The mineral resource was estimated by Ben Eggers, MAIG, P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101. Eggers conducted a site visit to the Cusi Property on September 22-23, 2025. The mineral resource was peer reviewed by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, an independent Qualified Person as defined by NI 43-101.

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The mineral resource is reported at a base case cut-off grade of 120 g/t AgEq.

Evidence · text

> Mineral resources are reported at a base case cut-off grade of 120 g/t AgEq.

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The resource estimate includes a Measured category of 0.69 Mt at 277 g/t Ag.

Evidence · table

> Measured

Context: 0.69

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource estimate includes an Indicated category of 4.21 Mt at 195 g/t Ag.

Evidence · table

> Indicated

Context: 4.21

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource estimate includes an Inferred category of 4.07 Mt at 172 g/t Ag, which the PEA states is too speculative for economic considerations.

Evidence · table

> Inferred

Context: 4.07

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The PEA is based on an updated Mineral Resource Estimate for the Cusi Project with an effective date of October 20, 2025.

Evidence · text

> The PEA is based on the updated Mineral Resource Estimate \(MRE\) for the Cusi Project with an effective date of October 20, 2025

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Lead recovery is 91.5%, which is a strong result for a flotation circuit.

Evidence · table

> 91.5

Context: Lead Recovery

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: Recent metallurgical test work was conducted on representative mineralized samples from both the Promontorio and San Miguel zones.

Evidence · text

> Recent test work was specifically conducted on representative mineralized samples from both the Promontorio and San Miguel zones.

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The project utilizes a conventional comminution and flotation circuit.

Evidence · text

> The mill utilizes a conventional comminution and flotation circuit designed to produce a high-value bulk lead-silver concentrate.

**Flotation**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The processing facility employs a conventional mineral processing flowsheet consisting of multi-stage comminution followed by a flotation circuit.

Evidence · text

> The mill is engineered for a nominal throughput of 1,200 tpd and employs a conventional mineral processing flowsheet consisting of multi-stage comminution followed by a flotation circuit to produce a high-value bulk lead-silver concentrate.

**Actual Test**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Metallurgical recovery assumptions were established through the results of a modern metallurgical test work program.

Evidence · text

> The metallurgical recovery assumptions utilized in the PEA were established through the results of a modern metallurgical test work program in combination with long-term historical production data.

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

## Resource Estimates (20)

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-0)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a9a698fb598dc16ed822
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 690000
- Grade: 277
- Grade Unit: g/t
- Contained Metal: 6725
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 305
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Measured resource provides a high-confidence base for the project, with a strong silver grade and QP sign-off, indicating robust geological understanding.

- Positive factor: Highest confidence resource category

- Positive factor: High silver grade

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 277

Context: 0.69

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-1)

Cusi Mine · gold

#### Identity

- Project: Cusi Mine
- Commodity: gold
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a9a698fb598dc16ed822
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 690000
- Grade: 0.08
- Grade Unit: g/t
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 305
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Measured gold grade is very low, indicating gold is a minor byproduct in this silver-focused resource, despite the high confidence category.

- Positive factor: Highest confidence resource category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Very low gold grade

Evidence · table

> 0.08

Context: 0.69

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-2)

Cusi Mine · lead

#### Identity

- Project: Cusi Mine
- Commodity: lead
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a9a698fb598dc16ed822
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 690000
- Grade: 0.37
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 305
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Measured lead grade contributes as a byproduct, adding value to the resource with high confidence.

- Positive factor: Highest confidence resource category

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.37

Context: 0.69

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-3)

Cusi Mine · zinc

#### Identity

- Project: Cusi Mine
- Commodity: zinc
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a9a698fb598dc16ed822
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 690000
- Grade: 0.42
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 305
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Measured zinc grade contributes as a byproduct, adding value to the resource with high confidence.

- Positive factor: Highest confidence resource category

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.42

Context: 0.69

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### measured

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-4)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a9a698fb598dc16ed822
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: measured
- Tonnes: 690000
- Grade: 305
- Grade Unit: g/t
- Contained Metal: 6725
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 305
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Measured silver equivalent resource provides a high-confidence, combined value for the project, with transparent assumptions for its calculation.

- Positive factor: Highest confidence resource category

- Positive factor: High silver equivalent grade

- Positive factor: QP signed and NI 43-101 compliant

- Positive factor: Metal equivalent assumptions disclosed

Evidence · table

> 305

Context: 0.69

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-5)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:0a512318e025abbb9e2a
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4210000
- Grade: 195
- Grade Unit: g/t
- Contained Metal: 34433
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 255
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Indicated silver resource represents a substantial portion of the project's value with good geological confidence, supporting future economic studies.

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Strong silver grade

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 195

Context: 4.21

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-6)

Cusi Mine · gold

#### Identity

- Project: Cusi Mine
- Commodity: gold
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:0a512318e025abbb9e2a
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4210000
- Grade: 0.16
- Grade Unit: g/t
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 255
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Indicated gold grade is very low, indicating gold is a minor byproduct in this silver-focused resource, despite the good confidence category.

- Positive factor: Significant tonnage in Indicated category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Very low gold grade

Evidence · table

> 0.16

Context: 4.21

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-7)

Cusi Mine · lead

#### Identity

- Project: Cusi Mine
- Commodity: lead
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:0a512318e025abbb9e2a
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4210000
- Grade: 0.78
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 255
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Indicated lead grade contributes as a valuable byproduct, adding to the overall economic potential of the resource.

- Positive factor: Significant tonnage in Indicated category

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.78

Context: 4.21

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-8)

Cusi Mine · zinc

#### Identity

- Project: Cusi Mine
- Commodity: zinc
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:0a512318e025abbb9e2a
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4210000
- Grade: 0.93
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 255
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Indicated zinc grade contributes as a valuable byproduct, adding to the overall economic potential of the resource.

- Positive factor: Significant tonnage in Indicated category

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.93

Context: 4.21

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-9)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:0a512318e025abbb9e2a
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4210000
- Grade: 255
- Grade Unit: g/t
- Contained Metal: 34433
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 255
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Indicated silver equivalent resource provides a substantial and well-defined base for the project's economics, with transparent assumptions.

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Strong silver equivalent grade

- Positive factor: QP signed and NI 43-101 compliant

- Positive factor: Metal equivalent assumptions disclosed

Evidence · table

> 255

Context: 4.21

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-10)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:6bb22e9eaa78f1e72710
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4890000
- Grade: 206
- Grade Unit: g/t
- Contained Metal: 41157
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The combined Measured and Indicated silver resource provides a robust and high-confidence foundation for the project's economic assessment.

- Positive factor: Significant combined Measured and Indicated tonnage

- Positive factor: Strong silver grade

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 206

Context: 4.89

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-11)

Cusi Mine · gold

#### Identity

- Project: Cusi Mine
- Commodity: gold
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:6bb22e9eaa78f1e72710
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4890000
- Grade: 0.15
- Grade Unit: g/t
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The combined Measured and Indicated gold grade is very low, confirming its minor byproduct status in this silver-dominant resource.

- Positive factor: Significant combined Measured and Indicated tonnage

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Very low gold grade

Evidence · table

> 0.15

Context: 4.89

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-12)

Cusi Mine · lead

#### Identity

- Project: Cusi Mine
- Commodity: lead
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:6bb22e9eaa78f1e72710
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4890000
- Grade: 0.73
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The combined Measured and Indicated lead grade contributes as a valuable byproduct, enhancing the overall economic potential of the resource.

- Positive factor: Significant combined Measured and Indicated tonnage

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.73

Context: 4.89

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-13)

Cusi Mine · zinc

#### Identity

- Project: Cusi Mine
- Commodity: zinc
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:6bb22e9eaa78f1e72710
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4890000
- Grade: 0.86
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The combined Measured and Indicated zinc grade contributes as a valuable byproduct, enhancing the overall economic potential of the resource.

- Positive factor: Significant combined Measured and Indicated tonnage

- Positive factor: QP signed and NI 43-101 compliant

Evidence · table

> 0.86

Context: 4.89

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-14)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:6bb22e9eaa78f1e72710
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 4890000
- Grade: 262
- Grade Unit: g/t
- Contained Metal: 41157
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 262
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The combined Measured and Indicated silver equivalent resource provides a robust and well-defined base for the project's economics, with transparent assumptions.

- Positive factor: Significant combined Measured and Indicated tonnage

- Positive factor: Strong silver equivalent grade

- Positive factor: QP signed and NI 43-101 compliant

- Positive factor: Metal equivalent assumptions disclosed

Evidence · table

> 262

Context: 4.89

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-15)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a023240def24af9c40ab
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4070000
- Grade: 172
- Grade Unit: g/t
- Contained Metal: 31753
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 243
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Inferred silver resource, while significant in tonnage, carries a lower confidence level and is explicitly noted as speculative for economic studies in the PEA.

- Positive factor: Significant tonnage in Inferred category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Inferred resources are considered too speculative for economic considerations in a PEA

Evidence · table

> 172

Context: 4.07

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-16)

Cusi Mine · gold

#### Identity

- Project: Cusi Mine
- Commodity: gold
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a023240def24af9c40ab
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4070000
- Grade: 0.17
- Grade Unit: g/t
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 243
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Inferred gold grade is very low and, combined with the speculative nature of Inferred resources, contributes minimally to the project's economic confidence.

- Positive factor: Significant tonnage in Inferred category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Very low gold grade

- Negative factor: Inferred resources are considered too speculative for economic considerations in a PEA

Evidence · table

> 0.17

Context: 4.07

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-17)

Cusi Mine · lead

#### Identity

- Project: Cusi Mine
- Commodity: lead
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a023240def24af9c40ab
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4070000
- Grade: 0.89
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 243
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Inferred lead grade, while contributing as a byproduct, is part of a speculative resource category for economic evaluation.

- Positive factor: Significant tonnage in Inferred category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Inferred resources are considered too speculative for economic considerations in a PEA

Evidence · table

> 0.89

Context: 4.07

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-18)

Cusi Mine · zinc

#### Identity

- Project: Cusi Mine
- Commodity: zinc
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:a023240def24af9c40ab
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4070000
- Grade: 1.2
- Grade Unit: %
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 243
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Inferred zinc grade, while contributing as a byproduct, is part of a speculative resource category for economic evaluation.

- Positive factor: Significant tonnage in Inferred category

- Positive factor: QP signed and NI 43-101 compliant

- Negative factor: Inferred resources are considered too speculative for economic considerations in a PEA

Evidence · table

> 1.20

Context: 4.07

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-resource-facts-19)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Resource scope

- Estimate type: resource
- Effective date: 2025-10-20T00:00:00.000Z
- Reporting standards: ni\_43\_101
- QP Signed: Yes
- Qualified person names: Ben Eggers, Allan Armitage
- Resource group id: resource:da9cb8d74f41ddbe4ee8
- Deposit or zone: Cusi vein systems
- Mining method: underground
- Ownership percent: 100 %

#### Resource Data

- Category: inferred
- Tonnes: 4070000
- Grade: 243
- Grade Unit: g/t
- Contained Metal: 31753
- Contained Unit: koz
- Cutoff Grade: 120
- Cutoff Unit: g/t AgEq

#### Prior Estimate

- Resource Date: 2025-10-20

#### Metal Equivalent

- Metal Eq. Grade: 243
- Metal Eq. Unit: g/t AgEq
- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The Inferred silver equivalent resource, while substantial, is explicitly noted as speculative for economic studies in the PEA, lowering its confidence for immediate development.

- Positive factor: Significant tonnage in Inferred category

- Positive factor: QP signed and NI 43-101 compliant

- Positive factor: Metal equivalent assumptions disclosed

- Negative factor: Inferred resources are considered too speculative for economic considerations in a PEA

Evidence · table

> 243

Context: 4.07

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## Metallurgical Results (4)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-metallurgical-facts-20)

Cusi Mine · silver

#### Identity

- Project: Cusi Mine
- Commodity: silver
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: conventional comminution and flotation circuit
- Sample: representative mineralized samples from both the Promontorio and San Miguel zones

#### Recovery

- Recovery: 84 %
- Recovery Basis: actual\_test
- Head Grade: 151
- Head Grade Unit: g/t

#### Lab

- Laboratory: Forte Dynamics
- Consultant: Forte Dynamics

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The 84% silver recovery is a moderate result for a flotation circuit, providing confidence for the PEA given its consistency with historical data and representative sampling.

- Positive factor: Moderate silver recovery for flotation

- Positive factor: Test work consistent with historical performance

- Positive factor: Multi-domain samples tested

Evidence · table

> 84.0%

Context: Silver Recovery

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-metallurgical-facts-21)

Cusi Mine · lead

#### Identity

- Project: Cusi Mine
- Commodity: lead
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: conventional comminution and flotation circuit
- Sample: representative mineralized samples from both the Promontorio and San Miguel zones

#### Recovery

- Recovery: 91.5 %
- Recovery Basis: actual\_test
- Head Grade: 0.85
- Head Grade Unit: %

#### Lab

- Laboratory: Forte Dynamics
- Consultant: Forte Dynamics

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The 91.5% lead recovery is a strong result for a flotation circuit, indicating efficient recovery of this byproduct metal and supporting the PEA economics.

- Positive factor: High lead recovery for flotation

- Positive factor: Test work consistent with historical performance

- Positive factor: Multi-domain samples tested

Evidence · table

> 91.5

Context: Lead Recovery

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-metallurgical-facts-22)

Cusi Mine · zinc

#### Identity

- Project: Cusi Mine
- Commodity: zinc
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: conventional comminution and flotation circuit
- Sample: representative mineralized samples from both the Promontorio and San Miguel zones

#### Recovery

- Recovery: 73 %
- Recovery Basis: actual\_test
- Head Grade: 1.1
- Head Grade Unit: %

#### Lab

- Laboratory: Forte Dynamics
- Consultant: Forte Dynamics

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The 73% zinc recovery is a weak result for a flotation circuit, suggesting potential for optimization or indicating a more challenging recovery for this byproduct.

- Positive factor: Test work consistent with historical performance

- Positive factor: Multi-domain samples tested

- Negative factor: Weak zinc recovery for flotation

Evidence · table

> 73.0

Context: Zinc Recovery

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/silverco-mining-releases-robust-pea-for-the-cusi-mine-highlighting-high-margin-l--77dc0a7e-2040-41a1-afa5-a4695336d6b6#fact-metallurgical-facts-23)

Cusi Mine · gold

#### Identity

- Project: Cusi Mine
- Commodity: gold
- Region: mexico
- Reported Region: Chihuahua, Mexico
- Ticker: SICO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: conventional comminution and flotation circuit
- Sample: representative mineralized samples from both the Promontorio and San Miguel zones

#### Recovery

- Recovery: 79 %
- Recovery Basis: actual\_test
- Head Grade: 0.15
- Head Grade Unit: g/t

#### Lab

- Laboratory: Forte Dynamics
- Consultant: Forte Dynamics

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-04-13T00:00:00.000Z

Reasoning: The 79% gold recovery is a weak result for a flotation circuit, indicating that gold is a minor byproduct with lower recovery efficiency compared to silver and lead.

- Positive factor: Test work consistent with historical performance

- Positive factor: Multi-domain samples tested

- Negative factor: Weak gold recovery for flotation

Evidence · table

> 79.0

Context: Gold Recovery

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 79% is below the weak band \(80%\)

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.