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Silverco Mining
(SICO)
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Rating:50Neutral
Price Target:
C$10.00
▲(7.99% Upside)
Action:N/A
Date:09/24/26
The score is held down primarily by weak financial performance—very large losses, near-zero gross margin, and significant ongoing cash burn—despite a relatively low-leverage balance sheet. Technical indicators provide some support with a moderately positive trend and neutral-to-positive momentum. Valuation remains unattractive/uncertain given the negative P/E and no dividend yield.
Positive Factors
Low reported leverage
Low reported leverage gives Silverco Mining greater financial flexibility than a heavily indebted operator. With debt modest relative to equity, the company may have more capacity to fund development, manage volatility, and pursue its production ramp-up without immediate balance-sheet pressure.
Negative Factors
Near-zero gross margin
A gross margin near break-even indicates that current revenue is not yet producing meaningful contribution after direct costs. This limits internal funding for growth, leaves little protection against cost pressure, and makes improved pricing, productivity, or operating scale necessary for a durable business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Low reported leverage
Low reported leverage gives Silverco Mining greater financial flexibility than a heavily indebted operator. With debt modest relative to equity, the company may have more capacity to fund development, manage volatility, and pursue its production ramp-up without immediate balance-sheet pressure.
Read all positive factors
Silverco Mining (SICO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$491.19M
Dividend YieldN/A
Average Volume (3M)122.70K
Price to Earnings (P/E)―
Beta (1Y)2.91
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding54,515,730
10 Day Avg. Volume92,539
30 Day Avg. Volume122,705
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)47.35
Price to Sales (P/S)0.00
P/FCF Ratio-18.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Silverco Mining Business Overview & Revenue Model
Company Description
Silverco Mining Ltd. is primarily involved in the search for mineral deposits. The company fully owns the 16,073-hectare Cusi Mine Project, located in Mexico's Chihuahua State. Its exploration endeavors are concentrated on identifying potential re...
Silverco Mining Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
70
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.39M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 59.60K | -223.75K | 0.00 | 0.00 | 0.00 |
| EBITDA | -22.19M | -17.55M | -7.62M | 0.00 | 0.00 |
| Net Income | -27.01M | -17.80M | -7.60M | -510.08K | -520.07K |
Balance Sheet | |||||
| Total Assets | 391.11M | 11.88M | 9.04M | 2.96M | 271.30K |
| Cash, Cash Equivalents and Short-Term Investments | 53.62M | 1.12M | 2.00M | 502.83K | 7.54K |
| Total Debt | 15.40M | 260.61K | 318.54K | 248.25K | 0.00 |
| Total Liabilities | 166.19M | 6.18M | 1.59M | 474.77K | 34.61K |
| Stockholders Equity | 224.91M | 5.70M | 7.45M | 2.49M | 236.69K |
Cash Flow | |||||
| Free Cash Flow | -28.60M | -14.73M | -1.46M | -881.27K | -594.18K |
| Operating Cash Flow | -20.33M | -14.60M | -1.46M | -441.27K | -384.18K |
| Investing Cash Flow | 2.15M | 1.12M | 267.69K | -440.00K | -210.00K |
| Financing Cash Flow | 58.38M | 12.58M | 2.54M | 1.38M | 601.72K |
Silverco Mining Technical Analysis
Negative
9.26
Price Trends
8.79
Negative
8.62
Positive
9.64
Negative
Market Momentum
0.01
Positive
40.11
Neutral
3.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SICO, the sentiment is Negative. The current price of 9.26 is below the 20-day moving average (MA) of 9.75, above the 50-day MA of 8.79, and below the 200-day MA of 9.64, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 40.11 is Neutral, neither overbought nor oversold. The STOCH value of 3.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SICO.
Silverco Mining Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | C$491.19M | -11.38 | -35.38% | ― | ― | ― | |
50 Neutral | C$4.22M | -11.02 | -52.48% | ― | ― | 49.82% | |
48 Neutral | C$4.48M | -5.19 | -51.52% | ― | ― | 54.50% | |
46 Neutral | C$19.24M | -24.53 | -39.11% | ― | -9.78% | -116.00% | |
41 Neutral | C$5.80M | -2.80 | 67.34% | ― | ― | ― |
* General Sector Average
TSE:SICO
Silverco Mining
8.68
0.68
8.50%
TSE:CPL
Copper Lake Resources
0.28
-0.02
-6.35%
TSE:DCOP
District Copper Corp
0.10
0.03
46.15%
TSE:PER
Peruvian Metals
0.13
0.10
333.33%
TSE:Z.H
Zinc One Resources
0.15
-0.04
-21.05%
TSE:RMES
Red Metal Resources Ltd.
0.09
0.07
350.00%
Silverco Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Silverco PEA Maps High-Margin Growth Path at La Negra Mine
Positive
Sep 21, 2026
Silverco Mining has released an independent preliminary economic assessment for its 100%-owned La Negra Mine in Mexico, highlighting an 8.2-year mine life and average annual production of 4.1 million silver-equivalent ounces. The study is based on...
Business Operations and StrategyExecutive/Board Changes
Silverco Mining Awards New Equity Incentives to Support Mexican Growth Strategy
Positive
Aug 31, 2026
Silverco Mining has granted 144,792 stock options and 207,355 restricted share units under its omnibus equity incentive plan, distributing awards among directors, officers, employees and consultants. The options are exercisable at C$10.50 for five...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Silverco Mining Advances Mexican Silver Assets and Announces CFO Transition
Positive
Aug 27, 2026
Silverco Mining reported it has filed its unaudited Q2 2026 financial statements and MDA, highlighting operational progress at its Cusi and La Negra silver mines in Mexico. Management reiterated its goal of exiting 2026 with two operating silver m...
Business Operations and StrategyExecutive/Board Changes
Silverco Mining Accelerates Optimization and Exploration at La Negra Mine
Positive
Aug 24, 2026
Silverco Mining has moved quickly since acquiring the La Negra Mine in Mexico, appointing an experienced general manager, renewing its underground mobile fleet and implementing campaign milling to improve efficiency and costs at the processing pla...
Business Operations and StrategyExecutive/Board Changes
Silverco Mining Strengthens Exploration Leadership With Appointment of Dr. Jesus Velador
Positive
Aug 11, 2026
Silverco Mining has appointed veteran exploration geologist Dr. Jesus Velador as Vice President, Exploration, effective September 1, 2026, adding deep expertise in Mexican epithermal and hydrothermal systems to its executive ranks. Velador’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.