Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Excellent Drill Results Confirm Growth Potential at Porcupine

Porcupine Drill Hits Validate Growth, But Permitting Looms Over Kidd Deal

By The Northwire Desk — AI Analysis Apr 23, 2026 · 06:30 DSV · 10.13 Discovery Silver Corp.
Executive Summary
  • Discovery Silver Corp. released drill results from its Porcupine Operations on April 23, 2026, covering 143 holes (44,740 meters) completed between Q4 2025 and Q1 2026.
  • High-grade intercepts were reported across Hoyle Pond (TVZ Zone), Borden Mine, Owl Creek, Pamour, and Dome projects.
  • Notable highlights include 72.46 gpt over 3.8m at TVZ (including 770.00 gpt over 0.3m) and significant wide intercepts at TVZ2 Zone (e.g., 4.23 gpt over 55.0m).
  • The company remains on track for a mineral resource update in late 2026, aiming to convert inferred resources to indicated status.
  • This release follows the Q1 2026 production report (April 22) which confirmed 60,269 ounces produced and guidance of 260,000–300,000 ounces for the year.
Material Impact
  • The news is categorized as Routine - Positive because it confirms the aggressive exploration strategy outlined in previous quarters (Q4 2025/FY25 results and Q1 2026 production update).
  • While individual intercepts are high-grade (e.g., 770 gpt spot), they validate existing targets rather than announcing a fundamentally new discovery that alters the resource model immediately.
  • The market likely anticipated strong results given the $55–$75 million exploration budget announced in February 2026.
  • No immediate change to production guidance or capital structure is announced; the primary impact is reinforcing confidence in the late-2026 resource update.
DSV · Price
Company Overview
  • Company: Discovery Silver Corp. transformed from a silver explorer to a mid-tier gold producer following the April 2025 acquisition of Newmont's Porcupine Complex.
  • Flagship Project: Porcupine Operations (Hoyle Pond, Borden, Pamour, Dome) in Timmins, Ontario.
  • Development Status: Active production with ongoing expansion drilling. The company is integrating the newly acquired Glencore Kidd operations to increase processing capacity.
  • Cordero Project: Silver project in Mexico remains in development; feasibility study highlights NPV of $1.2B, but permitting (SEMARNAT) is pending.
Read the original news release →

More from Discovery Silver Corp.

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 Aug 10, 2026 · 07:15

Discovery’s Borden step-out extends the Main Zone 500m down-plunge, confirming high-grade orogenic system grades underground.

Drill Results