Positive. Discovery Silver Corp. reports strong financial results, acquisition plans, and growth potential

From GlobeNewswire: 2025-03-26 22:32:00

Discovery Silver Corp. announced financial results for Q4 2024 and FY 2024, aiming to become a profitable precious metals producer. The Cordero project in Mexico has a reserve of 302M ounces of silver and will create jobs and revenue. Discovery is acquiring Newmont Corporation’s Porcupine Complex, transforming into a Canadian gold producer with multiple operations and growth potential. The Complex is expected to generate significant cash flow and value at analyst consensus gold prices, positioning Discovery for success. The company is set to approve the Acquisition and move forward with a strong financial package for future growth. Discovery Silver Corp recently released the Feasibility Study for the Cordero Silver Project, showcasing a large-scale, long-life, low-cost production with an average annual production of 37 Moz silver equivalent in the first 12 years. The study revealed an NPV of US$1.2 billion at US$22 per ounce silver, expected to increase to US$2.2 billion in Year 4. Additionally, the Company acquired 66 hectares of land near the planned processing plant on March 19, 2025, securing 100% ownership for project advancement. CIBC World Markets Inc.’s gold price estimates were used in the study, projecting a base case LT gold price of US$2,150 per ounce beginning in 2028. The Company calculates AgEq produced and AgEq payable based on metal prices of Ag – $22/oz, Au – $1,600/oz, Pb – $1.00/lb, and Zn – $1.20/lb. AISC is determined by dividing total costs by payable AgEq ounces. Non-GAAP measures such as total cash costs per ounce, all-in sustaining costs, and free cash flow are included to provide additional information. Forward-looking statements in the news release discuss the feasibility of the Project, construction decision, anticipated costs, mining methods, production schedule, infrastructure, and more. These statements are subject to risks and uncertainties, with actual results potentially differing from expectations. The Company’s management believes in forward-looking statements, but there are risks and uncertainties involved. Factors like market price fluctuations, availability of capital, economic conditions, and exploration results can impact actual outcomes. Additional risks include changes in regulations, environmental compliance, labour availability, and geopolitical conflicts. The impact of COVID-19 and government responses, as well as operational disruptions, are also important considerations. Readers should evaluate uncertainties themselves as the Company is not obligated to update forward-looking statements. More information on risks and assumptions can be found in the Company’s Annual Information Form on SEDAR.



Read more at GlobeNewswire: Discovery Reports Fourth Quarter & Full-Year 2024 Financial