Northwire Canada EditionThursday, July 23, 2026
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MD 0.390 +0.0% DNG 6.29 +1.1% ARU 0.205 −4.7% VIPR 0.390 +8.3% STUD 0.230 +4.5% SASK 1.06 +3.9% LG 0.365 −4.0% SALT 1.49 +3.5% GPM 0.100 −23.1% MANU 0.270 +5.9% KLDC 0.285 +0.0% AAN 0.500 +0.0% ODV 3.28 −4.9% WGO 1.65 +0.6% TLG 1.70 +2.4% GWM 0.480 +1.1% MD 0.390 +0.0% DNG 6.29 +1.1% ARU 0.205 −4.7% VIPR 0.390 +8.3% STUD 0.230 +4.5% SASK 1.06 +3.9% LG 0.365 −4.0% SALT 1.49 +3.5% GPM 0.100 −23.1% MANU 0.270 +5.9% KLDC 0.285 +0.0% AAN 0.500 +0.0% ODV 3.28 −4.9% WGO 1.65 +0.6% TLG 1.70 +2.4% GWM 0.480 +1.1%
Drill Results

Discovery Produces 66,718 Ounces of Gold in Fourth Quarter 2025

By The Northwire Desk — AI Analysis Jan 15, 2026 · 21:28 DSV · 9.09 Discovery Silver Corp.
DSV · Price

Executive Summary

  • Discovery Silver reported 66,718 oz of gold produced in Q4 2025, bringing post‑acquisition (April 15 2025) total to 180,424 oz and full‑year 2025 production to 234,702 oz.
  • Average realized gold price was $4,157/oz; cash on hand at year‑end was approximately $410 million, with a $250 M revolving credit facility (RCF) fully undrawn and an additional $100 M accordion feature.
  • The company announced excellent exploration results across all Porcupine operations, completed a Resource Development Agreement with the Taykwa Tagamou Nation, and indicated continued growth plans for 2026.

Key Details

  • Gold Production (Q4 2025)
  • Produced: 66,718 oz
  • Poured: 67,010 oz
  • Sold: 64,479 oz

  • Average realized price: $4,157/oz

  • Full‑Year 2025 Production (Porcupine)

  • Post‑acquisition (April 15 2025 – Dec 31 2025): 180,424 oz

  • Including pre‑acquisition period: 234,702 oz

  • Cash Position

  • Cash at December 31 2025: ≈ $410 million (no debt)

  • Financing

  • Closed a $250 M revolving credit facility with Canadian banks; includes a $100 M accordion feature – currently undrawn.

  • Exploration Highlights

  • Resource conversion and expansion drilling delivered high‑grade intersections at Hoyle Pond, Borden, and Pamour.
  • District drilling at Owl Creek produced encouraging results.

  • 19 drills were active at quarter end; additional results expected in coming weeks.

  • Resource Development Agreement

  • Executed with the Taykwa Tagamou Nation to support operating activities within their traditional territory and foster a cooperative relationship.

  • Guidance Outlook

  • Full Q4 2025 operating and financial results to be released in February 2026.
  • Management targets continued strong performance and progress on growth plans for 2026.

Notable Quotes

“2025 was a transformational year for Discovery… we ended the year with among the best growth stories in both the gold and silver sectors.” – Tony Makuch, President & CEO

“Turning to 2026, we are targeting continued strong operating performance and additional progress with our growth plans.” – Tony Makuch

Read the original news release →

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