Welcome to our dedicated page for Discovery Silver news (Ticker: DSVSF), a resource for investors and traders seeking the latest updates and insights on Discovery Silver stock.
Discovery Silver Corp (DSVSF) provides investors with authoritative updates on its silver exploration initiatives and mineral resource developments. This centralized hub aggregates all official announcements, including project milestones, technical reports, and strategic partnerships.
Access timely updates on exploration progress, regulatory developments, and financial disclosures. Our news collection prioritizes factual reporting on resource identification efforts, environmental compliance updates, and management insights - critical information for evaluating the company's position in the mining sector.
Key updates include detailed geological survey results, permitting advancements, and analyses of silver market dynamics. Bookmark this page for streamlined access to operational updates that impact long-term resource potential and exploration strategy.
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.
Discovery Silver Corp has announced its Q4 and FY 2024 financial results, highlighting two major developments. First, the company released a Feasibility Study for its Cordero project in Mexico, which shows a 19-year mine life with average annual production of 37 Moz silver equivalent in the first 12 years. The project has a reserve of 302 million ounces of silver and an NPV of US$1.2 billion at US$22/oz silver.
Second, Discovery announced the acquisition of Newmont 's Porcupine Complex in January 2025, which will transform the company into a Canadian gold producer. The complex is expected to produce over 285,000 ounces annually for the next 10 years with a 22-year mine life. The acquisition includes a US$575 million financing package, with US$450 million from Franco-Nevada
The company recently achieved a milestone by acquiring the final parcel of land required for Cordero's development and is awaiting environmental impact assessment approval.
Discovery Silver Corp (DSVSF) has filed meeting materials for a special shareholder meeting on March 27, 2025, regarding its acquisition of Newmont 's Porcupine Complex. The US$425 million acquisition includes:
- US$200 million in cash
- US$75 million through 119,716,667 common shares
- US$150 million in deferred payments (four annual US$37.5M payments from Dec 2027)
Shareholders will vote on issuing up to 123,616,667 common shares (30.9% of current shares) for the acquisition. If not approved, share issuance will reduce to 98,412,921 shares with an increased first deferred payment of US$53,289,622. Directors, officers, and certain shareholders (35% of shares) have agreed to vote in favor.
The Porcupine Complex includes the Hollinger mine, Hoyle Pond mine, Borden mine, Pamour open pit, and Dome mill, transforming Discovery into a Canadian gold producer in the Timmins, Ontario region.
Discovery Silver Corp (TSX: DSV, OTCQX: DSVSF) has announced an investor presentation scheduled for March 3, 2025, at 10:00 am ET. The presentation will focus on their recent Porcupine Complex acquisition in Timmins, Ontario.
The meeting will be led by CEO Tony Makuch and the management team to discuss the creation of a new North American precious metals company. This transformation combines gold production in Northern Ontario with the Cordero project in Chihuahua State, Mexico - one of the world's largest silver development projects.
The company recently announced an agreement to acquire a 100% interest in the Porcupine Complex from Newmont 's subsidiary on January 27, 2025. This acquisition, expected to close in first half 2025, will establish Discovery as a Canadian gold producer with multiple operations in the Timmins gold camp, featuring substantial mineral resources and exploration potential.
The Power Play by The Market Herald has released interviews with several companies, including Bengal Energy, Gitennes, Baseload Energy, Railtown AI Technologies, Ridgeline, Discovery Silver, and Hank Payments. Key updates include Bengal's water injection program at Cuisinier, Gitennes' discovery of visible gold on VG Boulder Property, and Baseload's $9.2M private placement. Railtown AI Technologies commenced trading on the CSE, while Ridgeline reported Nevada Gold Mines initiating drilling. Discovery Silver announced promising results from its Cordero PEA, and Hank Payments reported a 25.3% revenue growth in Q1.
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