What's Happening?
Discovery Silver is increasing its gold production in Canada following its acquisition of Newmont's Porcupine complex in Northern Ontario. The company produced over 66,000 ounces of gold in Q4 2025 and plans to expand production further. Discovery is also advancing its Cordero silver project in Mexico, focusing on permitting and development. The company maintains a strong financial position with over $410 million in cash and no debt, allowing it to fund growth internally.
Why It's Important?
Discovery Silver's expansion into gold production diversifies its portfolio and provides immediate cash flow, supporting its long-term growth strategy. The Porcupine complex offers significant potential for increased production and cost efficiency. Meanwhile, the advancement
of the Cordero project positions Discovery to capitalize on silver market opportunities. The company's financial strength and strategic focus on internal funding and minimizing shareholder dilution are key to sustaining its growth trajectory.
