Welcome to our dedicated page for Discovery Mining news (Ticker: DSVSF), a resource for investors and traders seeking the latest updates and insights on Discovery Mining stock.
Discovery Silver Corp. reports developments as a precious metals company with gold operations in Canada and a large silver project in Mexico. The company’s gold exposure is centered on the Porcupine Complex in and near Timmins, Ontario, while its silver exposure comes from the 100%-owned Cordero project in Chihuahua State.
Recurring announcements cover Porcupine production, operating and financial results, cost and capital spending trends, exploration drilling at targets such as Hoyle Pond, Owl Creek, Borden and Pamour, and updates on mineral resources, guidance, liquidity, investor events and board composition.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) reported record Q2 2026 revenue of $319.1 million, more than double Q2 2025 and 12% above Q1 2026, driven by higher gold sales and prices. Net earnings were $52.1 million ($0.06/share) versus $5.5 million a year earlier, while adjusted net earnings climbed to $92.3 million ($0.11/share), up from $28.4 million and above Q1 2026.
Gold production reached 67,309 oz, up 33% year over year and 12% quarter over quarter, with gold sold of 66,068 oz. Q2 EBITDA was $170.0 million. The company completed the acquisition of Kidd Operations on June 1, adding copper and zinc output and strategic processing capacity. Capital expenditures totaled $86.4 million, including $49.9 million of growth capex. Discovery ended the quarter with $607.8 million in total liquidity (including $364.3 million of cash), no debt, and subsequently increased its revolving credit facility to $400 million with maturity extended to 2030. The company reiterated that it remains on track to meet its 2026 production and cost guidance.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) reported further drilling success at the Borden Mine, part of its 255,000–285,000 m 2026 exploration program. Results from 22 holes (7,411.6 m) in the Main Zone and East Lower Zone confirmed and expanded mineralization near the northeast limit of inferred resources.
Underground Main Zone intercepts include 9.16 g/t Au over 25.9 m (incl. 18.40 g/t over 4.0 m and 21.52 g/t over 4.8 m), 12.79 g/t over 7.3 m, and 9.23 g/t over 14.0 m. East Lower Zone highlights include 13.33 g/t over 13.2 m (incl. 31.04 g/t over 4.7 m) and 6.92 g/t over 12.9 m.
Surface hole BL26-001119 returned 6.34 g/t over 8.7 m, extending the Main Zone over half a kilometre down plunge to the northeast. According to Discovery, grades and widths are tracking similar to, or better than, the current resource model, supporting potential for further resource growth as drilling continues.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) reported extensive positive drill results from its Dome, TVZ and Owl Creek growth projects in Timmins, based on 55 holes totaling 17,845.5 m completed between Q4 2025 and Q2 2026. At Dome, drilling within and below the resource pit shell returned multiple high-grade gold intercepts, including 9.09 gpt over 17.3 m, 14.76 gpt over 7.8 m and up to 278.48 gpt over 1.1 m, supporting a planned resource update in late 2026 on the existing 11.0 million ounce Inferred open-pit resource.
At TVZ, new holes on the 1210 and 1680 levels delivered broad intervals above 5 gpt, with samples shipped for metallurgical testing and an initial NI 43-101 resource estimate targeted before year-end 2026. At Owl Creek, further strong intercepts and development of a 1.5 km exploration drift from Hoyle Pond aim to accelerate drilling along the Hoyle Pond–Owl Creek trend.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) amended its senior secured revolving credit facility, increasing total commitments to $400 million from $250 million and extending the maturity to July 30, 2030 from September 15, 2028. The $100 million accordion feature remains in place.
According to Discovery, pricing is now based on Term SOFR + 0.10% credit spread adjustment and a margin of 1.875%–3.00% depending on total net leverage. Standby fees on undrawn amounts were reduced to 0.422%–0.675% from 0.563%–0.788%. Covenants were eased through a higher maximum total net leverage ratio and removal of the minimum liquidity covenant, which the company says enhances financial flexibility to support growth plans at its Porcupine assets and recently acquired Kidd operations.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) reported new drilling results from its 2026 exploration program at the Pamour Mine near Timmins, Ontario, covering 47 holes totaling 11,003.4 m. The work targeted the Pamour open pit, Pamour West, the North Contact Zone and the Keora Trend.
According to Discovery, results continue to confirm and expand open-pit resources and outline high-grade zones along a mineralized system traced over 4.0 km and 300–700 m depth, which remains open. Pamour currently hosts an open-pit resource of 64.8 Mt grading 1.30 gpt Au (2.70 Moz) indicated and 23.3 Mt grading 1.34 gpt Au (1.00 Moz) inferred.
Highlighted intercepts include 3.05 gpt over 30.0 m and 2.13 gpt over 31.1 m in the central pit, 3.63 gpt over 9.9 m in the west pit, 3.14 gpt over 21.2 m and 11.54 gpt over 5.1 m at Pamour West, 4.27 gpt over 12.8 m at the North Contact Zone, and 17.36 gpt over 5.9 m along the Keora Trend.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) will release its second quarter 2026 financial and operating results before market open on Thursday, August 13, 2026 (ET), followed by a conference call and webcast at 10:00 am ET to review the results.
The call can be accessed via Canadian and U.S. toll-free dial-in numbers using Conference ID 976047005, or via webcast at the provided Q4 Inc. link and on www.dsvmining.com. Discovery also highlights its gold-focused Porcupine assets near Timmins, Ontario, its June 2026 acquisition of the Kidd Operations, and silver exposure through its 100%-owned Cordero project in Chihuahua, Mexico.
Discovery Mining (OTCQX:DSVSF, TSX:DSV) received TSX approval for its new name, with common shares trading as Discovery Mining Ltd. effective market open July 3, 2026. The ticker remains DSV. The name change and continuance to Ontario’s Business Corporations Act became effective June 29, 2026, with no trading interruptions or share exchanges required.
Discovery Mining (OTCQX: DSVSF, TSX: DSV) reported results of its June 22, 2026 AGM, where shareholders strongly approved changing the name from Discovery Silver to Discovery Mining.
Investors also backed all director nominees, auditor appointment, corporate continuation to Ontario, and flexible board size.
Discovery Silver (OTCQX: DSVSF) announced senior management changes tied to closing its acquisition of Glencore’s Kidd Operations. New appointments include Dawid Myburgh as SVP Timmins Operations, Harold Bird as VP Mineral Processing, and Gertjan Bekkers as VP Technical Services.
Promotions include Duncan King to SVP Canadian Operations and Milferd Burnett to VP Supply Chain. COO Pierre Rocque will retire June 5, 2026 and remain a consultant, while Forbes Gemmell and Dimitri Demianyuk have departed. The Kidd acquisition expands Discovery’s Timmins footprint and provides infrastructure supporting efforts to more than double annual gold production.
Discovery Silver (OTCQX:DSVSF, TSX:DSV) completed its acquisition of Glencore’s 100% interest in the Kidd Operations in Timmins, Ontario, including the Kidd Creek Mine, Kidd Metallurgical Site and Kidd Creek Timber exploration lands.
Consideration totals $10 million in 1,679,171 shares plus assumed environmental and rehabilitation obligations, offtake deals, a 1% NSR on certain exploration ground and up to $75 million of reimbursable Kidd TMA costs. Discovery plans a new gold circuit at the Kidd Met Site and estimates 2026 production of 10–15 kt zinc, 5–7 kt copper and ~0.4 Moz silver, which is expected to generate positive cash flow.