Discovery Silver Corp Stock Price, News & Analysis

Discovery Silver Corp. (OTCQX: DSVSF) has scheduled its second quarter 2025 financial and operating results release for August 12, 2025, before market open. The company will host a conference call at 2:00 PM ET the same day to discuss the results.

Discovery Silver is a North American precious metals company with two main assets: the 100%-owned Cordero silver project in Chihuahua, Mexico, and the recently acquired Porcupine Complex from Newmont Corporation in Timmins, Ontario, which was completed on April 15, 2025.

Silver prices have surged past $36 per ounce, marking a 13-year high and representing a significant increase from January's $28.92. Magma Silver Corp (OTCQB: MAGMF) is advancing its Niñobamba silver-gold project in Peru, with property payments secured through June 2026 and plans for diamond drilling in Q4 2025.

The project spans a 4,100-hectare land package across a 6.5-kilometer mineralized corridor, building on over $10 million in historical exploration by major mining companies. Historical drilling results include impressive intercepts of 72.3 meters of 1.19 g/t gold and 130 meters of 87 g/t silver. Analysts project silver prices could reach between $40 to $130 per ounce, with UBS specifically targeting $40.

Discovery Silver Corp. (OTCQX: DSVSF) held its Annual General and Special Meeting on June 25, 2025, where shareholders demonstrated strong support for all proposed measures. The meeting saw overwhelming approval for all six director nominees, with approval ratings ranging from 96.46% to 99.95%.

Shareholders also approved key corporate governance items including the appointment of PricewaterhouseCoopers LLP as auditors, the Long Term Incentive Plan, amendments to the Deferred Share Unit Plan, and various share-related allocations. All measures received strong support with approval rates above 92%.

Discovery is a North American precious metals company with two main assets: the Cordero silver project in Mexico and the recently acquired Porcupine Complex in Timmins, Ontario, which was purchased from Newmont Corporation in April 2025.

Discovery Silver Corp announced key management appointments and promotions to strengthen its leadership team. The company hired Amy Hu as SVP of Legal and Sustainability, bringing 15+ years of international experience, and Darin Smith as SVP of Corporate Development with 20+ years in mining finance. Internal promotions include Forbes Gemmell to EVP of Business Development & Growth, Mark Utting to SVP of Investor Relations, and Gord Leavoy to SVP of Mineral Processing. These appointments follow Discovery's recent acquisition of the Porcupine Complex from Newmont on April 15, 2025, which transformed the company into a Canadian gold producer. Discovery owns the Cordero silver project in Mexico and now operates multiple gold operations near Timmins, Ontario.

Discovery Silver reported Q1 2025 financial results and highlighted its transformational acquisition of the Porcupine Complex in Timmins, Ontario. The acquisition, which closed on April 15, 2025, establishes Discovery as a new Canadian gold producer. Key highlights include: - First gold pour on April 24, 2025, with 2,800 ounces sold for ~$13.0M - Pro forma cash position of ~$250M and undrawn US$100M debt facility - Share price tripled during Q1, achieving 250% YTD increase - Porcupine Operations expected to produce 285,000 oz gold annually for next 10 years - Operations include Hoyle Pond, Pamour, Hollinger, Dome, and Borden mines - Q1 2025 net loss of $9.26M vs $680,805 in Q1 2024 - Post-acquisition share count increased to 801.4M from 402.3M shares

Discovery Silver Corp. (DSVSF) has filed a final short form base shelf prospectus with Canadian securities regulators, replacing its previous March 2023 prospectus. The new filing allows the company to offer up to C$500 million in securities, including common shares, warrants, subscription receipts, and units, over a 25-month period. This renewal aims to maintain financial flexibility for future business developments. The company recently completed the acquisition of the Porcupine Complex from Newmont Corporation on April 15, 2025, transforming Discovery into a Canadian gold producer with operations near Timmins, Ontario. Discovery's portfolio includes the 100%-owned Cordero project in Mexico, one of the world's largest undeveloped silver deposits.

Discovery Silver Corp (TSX: DSV, OTCQX: DSVSF) has announced key management appointments effective immediately: Pierre Rocque as Chief Operating Officer, Jennifer Wagner as Executive VP of Corporate Affairs and Sustainability, Duncan King as VP of Canadian Operations, and Eric Kallio as Senior VP of Exploration & Growth.

All appointees previously worked at Kirkland Lake Gold, where they contributed to quadrupling annual gold production to over 1.4 million ounces over six years. They recently participated in Discovery's acquisition of the Porcupine Complex, with Rocque, King, and Kallio serving on the due diligence team, while Wagner chaired the Board's special committee.

Discovery has transformed into a North American precious metals company with its 100%-owned Cordero silver project in Mexico and the recently acquired Porcupine Complex from Newmont , establishing itself as a new Canadian gold producer in the Timmins, Ontario mining region.

Discovery Silver Corp (TSX: DSV, OTCQX: DSVSF) has completed the acquisition of Newmont's Porcupine Operations in Timmins, Ontario for $200 million in cash and 119.7 million shares, giving Newmont a 15% stake. The deal includes $150 million in deferred payments starting December 2027.

The acquired Porcupine Complex includes several key assets:

• Hoyle Pond: High-grade gold mine with 4M+ ounces produced since 1987
• Borden: New mine with 1,000 km² land position
• Pamour: Open-pit project starting production
• Dome Mine: Historic gold mine with large mineral resources
• Dome Mill: Central processing facility

The company secured a $575 million financing package and projects average annual production of 285,000 ounces of gold for the next 10 years, with production extending to 2046. Discovery's cash position increased by approximately C$240 million, with an additional undrawn $100 million senior debt facility with Franco-Nevada.

Discovery Silver Corp (TSX: DSV, OTCQX: DSVSF) announced that shareholders have overwhelmingly approved the Share Issuance Resolution related to the acquisition of Newmont 's Porcupine Complex. The special meeting saw participation from 221,843,126 common shares (55.40% of total shares), with 99.85% voting in favor of the resolution.

The acquisition, expected to close in first half of 2025, will transform Discovery into a new Canadian gold producer with multiple operations near Timmins, Ontario. The closing remains subject to completion of a pre-closing reorganization by Newmont affiliates (requiring Ontario's Ministry of Mines consent) and other regulatory approvals.

Discovery currently owns the Cordero project in Chihuahua State, Mexico, one of the world's largest undeveloped silver deposits. The Porcupine Complex acquisition will add significant gold production capabilities in a renowned mining region with substantial growth potential.