Northwire Canada EditionMonday, July 13, 2026
Northwire
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property Routine +

Discovery Produces 60,269 Ounces of Gold in First Quarter 2026

Discovery Silver Confirms Production Trajectory Amidst Strategic Expansion

Executive Summary
  • Discovery Silver Corp. reported Q1 2026 gold production of 60,269 ounces, consistent with a full-year guidance range of 260,000 – 300,000 ounces.
  • The company reiterated its acquisition of Glencore’s Kidd operations in Timmins, including the Kidd Metallurgical Site and tailings management area.
  • Operational metrics show strong throughput (700,000 tonnes processed) and average grade of 2.96 gpt with recoveries at 90.6%.
  • Exploration highlights include resource conversion drilling at Hoyle Pond, Borden, and Pamour, plus initial high-grade results at TVZ.
  • Administrative updates note Director Jeffrey Parr will not stand for re-election; Mr. Hodgkinson appointed Chair of Audit Committee.
Material Impact
  • The production figures are in line with previous guidance issued in February 2026 (260–300 koz), indicating execution is meeting expectations rather than exceeding them significantly.
  • The acquisition details were previously announced on March 2, 2026; this release confirms the integration progress but does not introduce new strategic surprises.
  • While positive for confidence in management's ability to deliver guidance, the market has already priced in the production ramp-up and acquisition benefits over the last quarter.
  • The news validates the company's cash flow generation capability ($163M operating cash flow in Q4 2025) but lacks new catalysts that would warrant a re-rating beyond current levels.
DSV · Price
Company Overview
  • Discovery Silver Corp. operates primarily in Timmins, Ontario (Porcupine Complex) and Mexico (Cordero Project).
  • Flagship assets include Hoyle Pond, Borden, Pamour, Dome Mine, and TVZ Zone within the Porcupine Camp.
  • The company recently transformed from a silver-focused junior to a diversified gold producer via the acquisition of Newmont’s Porcupine Complex in April 2025.
  • Cordero Project remains a development-stage silver project awaiting environmental impact assessment approval in Mexico.
Read the original news release →

More from Discovery Silver Corp.