Discovery Silver Corp Stock Price, News & Analysis

Discovery Silver (OTCQX: DSVSF) announced on October 21, 2025 that it has entered into a Resource Development Agreement (RDA) with Taykwa Tagamou Nation (TTN).

The RDA creates a framework for consultation, collaboration and support of Discovery’s mining and mineral processing activities within TTN’s traditional territory, and is intended to share economic benefits with TTN members while minimizing environmental impacts. In connection with the RDA, TTN will file a notice of discontinuance in the Ontario Superior Court of Justice with respect to an action that previously named Discovery as a defendant.

The release notes the RDA is subject to conditions precedent and includes forward-looking statements about anticipated benefits, implementation, and risks including permits, commodities prices, and availability of water, power and labour.

Discovery Silver Corp. (OTCQX: DSVSF) has secured a US$250 million revolving credit facility with a syndicate of financial institutions including BMO, CIBC, and NBC. The facility, maturing on September 15, 2028, includes an accordion feature for an additional US$100 million subject to conditions.

The facility will replace the company's existing undrawn US$100 million senior debt facility with Franco-Nevada GLW Holdings Corp. Interest rates will be based on Term SOFR plus margins ranging from 2.50% to 3.50% per annum, depending on the company's leverage ratio. The facility will support Discovery's growth strategy across its operations in Canada and Mexico, including the Cordero silver project and the recently acquired Porcupine Complex gold operations.

Discovery Silver Corp. (OTCQX: DSVSF) reported strong Q2 2025 results following its transformational acquisition of the Porcupine Complex. The company produced 50,552 ounces of gold in its first 76 days of operations, generating $142.0 million in revenue and $27.3 million in free cash flow.

Key financial metrics include net earnings of $5.5 million ($0.01/share), adjusted net earnings of $28.4 million ($0.04/share), and operating cash costs of $1,334/oz. The company maintained a solid cash position of $252.5 million with working capital of $225.9 million, supported by a $575.0 million financing package.

Production breakdown included 16,112 oz from Hoyle Pond, 27,286 oz from Borden, and 7,154 oz from Pamour, with gold sales of 42,550 ounces at an average realized price of $3,337/oz.

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.

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