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 (DSVSF) reported Dome drilling results extending gold mineralization 600 metres south of the current resource pit.
Results cover 36 holes totaling 16,365.4 metres. Southern intersections include 3.56 grams per tonne over 21.0 metres in DOM26-044 and 2310.00 grams per tonne over 1.0 metre in DOM26-048. Northern drilling identified mineralization within and north of the current resource, including 72.54 grams per tonne over 5.9 metres in DOM26-052. All assays are uncut.
The existing inferred resource is 11.0 million ounces, contained in 222.3 million tonnes averaging 1.49 grams per tonne. Discovery expects an updated resource in Q1 2027; work also evaluates upgrading portions to the indicated category, a higher-confidence estimate. The company is reconsidering Dome Mill plans and will consider a central milling facility at the Kidd Metallurgical site for all operations.
Discovery Mining (DSVSF) agreed to acquire mineral properties adjacent to its Dome Mine from McEwen subsidiaries for US$55 million. The assets include the Fuller project and McEwen’s 60% interest in the Paymaster Joint Venture. Consideration at closing comprises US$50 million in Discovery common shares and US$5 million in cash.
Franco-Nevada will pay Discovery US$8 million at closing to extend its existing royalty interest to the purchased assets. Discovery expects closing in October 2026, subject to property and claim transfers, extinguishment of the Fuller project’s existing NPI royalty, and regulatory approvals, including TSX approval for the consideration shares.
Discovery views the adjacent land as a potential site for new processing and tailings facilities supporting future Dome expansion. It plans to resume Dome operations over the next five years using the existing Dome Mill.
Discovery Mining (DSVSF) reported results from 52 Pamour drill holes that extended gold mineralization beyond the current resource area. The holes totalled 16,827.4 metres, within its 255,000–285,000-metre 2026 exploration program. East Pit results included 42.37 grams per tonne over 5.1 metres; West Pit results included 40.64 grams per tonne over 5.4 metres.
Pamour West drilling extended mineralization 900 metres east of Broulan Pit, while North Contact drilling expanded mineralization north of the current resource pit. All assays are uncut, and intervals are core lengths, not known true widths. Drilling remains ongoing to convert and extend resources ahead of an updated mineral resource estimate planned for early 2027.
Discovery Mining (DSVSF) has received environmental impact assessment and Change of Land Use permits for its Cordero silver project in Mexico. Mexico’s Federal Environmental Department, SEMARNAT, issued both permits, completing the project’s federal environmental permitting process.
The approvals position Discovery to advance Cordero towards development. The company’s 100%-owned project is located in Chihuahua State, Mexico. Discovery expects the project to create thousands of jobs and provide training and skills development.
Discovery Mining (DSVSF) has been named to the 2026 TSX30, which ranks the 30 top-performing TSX companies by dividend-adjusted share price over the three years to June 30, 2026.
Discovery recorded share price appreciation of 934% over that period, adding approximately $6.6 billion in market capitalization as of June 30, 2026. The company links its performance to a transformational period that included acquiring the Porcupine and Kidd Operations in Timmins, Ontario, which strengthened its position as a Canadian precious metals producer. Discovery states it remains focused on executing its growth strategy and delivering sustainable returns.
Discovery Mining (TSX: DSV, OTCQX: DSVSF) announced multiple leadership changes, including a new Board member and senior management promotions.
William (“Bill”) Shaver, who has over 60 years of mining management, construction, operations and mine design experience and co-founded Dynatec Corporation, has joined the Board of Directors. Ewan Downie, a mining executive and founder of several exploration and mining companies, has been appointed Advisor to the President, CEO and Chairman.
Discovery also promoted seven senior leaders across operations, exploration, business development, investor relations, finance and business improvements, and created a new Vice President, Special Projects role.
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.