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. 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 Silver Corp. (OTCQX: DSVSF) has appointed Alison White as its new Chief Financial Officer, effective immediately. White brings over 20 years of experience, most recently serving as CFO & Executive VP at SSR Mining Inc., where she led key functions including Finance, IT, Treasury, and Enterprise Risk Management.
White previously held various roles at Newmont Corporation, including Regional CFO for North America. She holds a Master's and B.S. in finance and accounting from the University of Colorado, Boulder, and is a CPA. The former CFO, Andreas L'Abbé, will transition to Senior Vice President, Finance, focusing on the Porcupine assets integration.
Discovery recently completed the acquisition of the Porcupine Complex from Newmont on April 15, 2025, establishing itself as a Canadian gold producer in the Timmins, Ontario region.
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.
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 (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.