silver-i
Silver-i, founded in the early 2020s, is a Canadian-based company specializing in silver mining and exploration.
Profile
Silver-i mines and explores high-grade silver deposits, focusing on its flagship Panuco project in Mexico.
Silver-i, founded in the early 2020s, is a Canadian-based company specializing in silver mining and exploration. The company has carved out a niche in the precious metals market, focusing on high-grade silver deposits. Its flagship project, Panuco, located in Sinaloa, Mexico, has been a cornerstone of its operations.
The company recently completed a Feasibility Study for Panuco in November 2025, highlighting 17.4 million ounces of silver equivalent annual production over an initial 9.4-year mine life, with an after-tax NPV(5%) of US$1.8 billion, a 111% IRR, and a 7-month payback at US$35.50 per ounce silver and US$3,100 per ounce gold. Silver-i aims to position itself as a leading silver company by implementing a dual-track development approach at Panuco, advancing mine development while continuing district-scale exploration through low-cost means. The company has a strong financial position, with over US$450 million in cash, fully financing the project and readying it for construction and growth following receipt of its MIA permit expected mid-2026.
Who buys this
- Investors in precious metals
- Industrial users of silver
- Jewelry manufacturers
- Solar panel producers
Strengths and what to watch
Strengths
- Strong financial position with over US$450 million in cash
- Feasibility Study indicating robust project economics
- Dual-track development approach combining mine development and exploration
Watch for
- Potential delays in receiving the MIA permit
- Volatility in silver prices impacting project economics
- Operational risks associated with mine construction and development
Recent moves
Key Information
- Founded
- 2020
Frequently Asked Questions
What does Silver-i do?
Silver-i is a Canadian silver mining company focused on high-grade deposits, primarily through its Panuco project in Mexico. Founded in the early 2020s, it combines mine development with exploration, targeting investors and industrial users like jewelry and solar panel manufacturers. The company has strong financial backing for its operations.
Where is Silver-i's Panuco project located?
Silver-i's flagship Panuco project is situated in Sinaloa, Mexico. The site holds significant silver deposits, with a 2025 feasibility study projecting 17.4 million ounces of silver equivalent annual production over 9.4 years. The company is preparing for construction pending its MIA permit expected in mid-2026.
Is Silver-i's Panuco project financially viable?
Yes, Silver-i's 2025 feasibility study shows strong economics for Panuco: $1.8 billion after-tax NPV, 111% IRR, and 7-month payback at $35.50/oz silver. With $450 million cash on hand, the project is fully financed for construction post-permit approval, demonstrating robust financial viability.
Who buys silver from mining companies like Silver-i?
Silver-i serves investors in precious metals, industrial users, jewelry manufacturers, and solar panel producers. These segments drive demand for high-grade silver. The company's production targets both commodity markets and specific industrial applications where silver's conductive and reflective properties are essential.
What are the risks of investing in Silver-i?
Key risks include potential MIA permit delays, silver price volatility affecting project economics, and operational challenges during mine construction. While the feasibility study shows strong returns, these factors could impact timelines and profitability. Investors should monitor permit progress and commodity markets.
What's the latest news about Silver-i?
In May 2026, Silver-i announced a change in corporate secretary. The company continues advancing Panuco toward mid-2026 permit approval while maintaining exploration activities. Market conditions remain favorable with strong silver prices, supporting the project's economic outlook as development progresses.
Sources
- www.prnewswire.com — Feasibility Study details and financial position
- www.prnewswire.com — Recent corporate changes
- www.reuters.com — Market context for silver prices
- www.prnewswire.com — Industry context and commodity price trends