Discovery Silver Corp. reported a strong quarter for Q3 2025, with net earnings of $42.4 million compared to a loss of $3.9 million in Q3 2024. Gold production increased to 63,154 ounces from 50,552 ounces in Q2 2025. Operating cash costs were in line with expectations at $1,339/oz sold. The company had a cash position of $341.5 million at the end of September 2025, with a new revolving credit facility allowing for an additional $350 million. Exploration at Hoyle Pond, Borden, and Pamour returned excellent results, with further drilling planned at Dome Mine and the TVZ Zone.

The Cordero Project in Mexico, acquired by Discovery in 2019, has seen significant investment and exploration. The feasibility study for Cordero confirmed it as one of the world’s largest undeveloped silver deposits, with high potential for production and economic returns. Despite challenges such as geopolitical conflicts and the impact of COVID-19, Discovery remains confident in the project’s future success.

Looking ahead, Discovery plans to focus on growing production, improving costs, and maximizing value creation at the Porcupine Operations in Ontario, Canada. The company is well-capitalized with $341.5 million in cash and a new credit facility. Progress continues on de-risking the Cordero Project, with a focus on power, water availability, permits, and ESG initiatives. The Company is committed to sustainable growth and responsible mining practices.

Read more at GlobeNewswire: Discovery Reports 63,154 Ounces Of Gold Production, $86.8