Northwire Canada EditionThursday, November 12, 2026
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Gold 3,879.60 −3.0% Silver 49.98 −3.9% Copper 6.20 −1.5% Oil 88.03 +1.7% Palladium 992.25 −5.2% PRU 6.09 −3.3% NGEX 21.22 −4.3% TWO 0.370 +0.0% BIG 0.960 +1.1% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.372 +0.0% SAG 0.630 −4.5% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.355 −1.4% RIO 2.65 −0.9% Gold 3,879.60 −3.0% Silver 49.98 −3.9% Copper 6.20 −1.5% Oil 88.03 +1.7% Palladium 992.25 −5.2% PRU 6.09 −3.3% NGEX 21.22 −4.3% TWO 0.370 +0.0% BIG 0.960 +1.1% VCG 1.10 +0.0% SCD 0.145 +0.0% GAL 0.372 +0.0% SAG 0.630 −4.5% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% TDG 0.490 +0.0% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.355 −1.4% RIO 2.65 −0.9%
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 →

More from Discovery Silver Corp.

Nov 10, 2026 · 06:00

Discovery reported record ounces in Q3 as all-in sustaining costs exceeded guidance and adjusted earnings per share declined.

Earnings Oct 20, 2026 · 17:15

Discovery’s Dome step-out opens a south panel with bonanza headlines from 0.3 m samples.

Drill Results Oct 09, 2026 · 09:00

Discovery secures Timmins land for its Dome expansion and extends a royalty agreement to Franco-Nevada.

M&A / Property Oct 07, 2026 · 17:44

Discovery’s Pamour step-outs extend the deposit scale, with headline grades driven by single-sample nuggets.

Drill Results Oct 05, 2026 · 13:15

Discovery advances Mexico’s largest undeveloped silver deposit after Cordero permits were cleared.

Other Aug 13, 2026 · 06:00

Discovery reported record revenue alongside negative free cash flow, lower grades and rising all-in sustaining costs.

Earnings