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GlobeNewswire·

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

DSVSF
  • Discovery Silver Corp. produced 60,269 ounces of gold at its Porcupine operations during Q1 2026.
  • The company sold 59,445 ounces of gold at an average realized price of $4,908 per ounce.
  • Q1 2026 operations processed 700,000 tonnes at an average grade of 2.96 gpt with 90.6% average recovery.
  • Production guidance for the full year 2026 remains 260,000 to 300,000 ounces.
  • The company announced the acquisition of Glencore's Kidd Operations in Timmins, adding processing infrastructure, tailings capacity, & exploration upside.
  • Exploration results showed resource conversion & expansion at Hoyle Pond, Borden, & Pamour, plus encouraging initial drilling at TVZ & Dome.
  • Hoyle Pond production increased 44% compared to the previous quarter due to higher grades, while Dome Mill grades rose 15%.
  • Hollinger open pit mining resumed with rates exceeding 2,000 tonnes per day at quarter end, with ramp-up expected in coming months.
  • Jeffrey Parr will not stand for re-election to the Board at the June 22, 2026 AGM due to personal commitments.
  • Mr. Hodgkinson will be appointed Chair of the Audit Committee following the AGM.