Discovery Silver (TSE:DSV) Releases Quarterly Earnings Results

Discovery Silver (TSE:DSV) released its quarterly earnings data on Thursday. The company reported C$0.19 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$368.88 million during the quarter.

Here are the key takeaways from Discovery Silver’s conference call:

• Discovery finished Q4 with strong cash generation and profitability, reporting Q4 revenue of $274M, EBITDA of $126M, adjusted EPS of $0.14 (up 75% QoQ), and ending the quarter with ~$410M cash plus an undrawn $250M revolver (with $100M accordion).
• Management guided 2026 production of 260,000–300,000 ounces (H2-weighted) and expects unit costs to decline through the year while running a front‑loaded capital program to support the ramp, leaving near‑term results dependent on mill throughput and first‑half CapEx timing.
• Exploration momentum is a key growth driver — Discovery reported strong drill results across the Porcupine district (Hoyle Pond/TVZ, Owl Creek, Borden, Pamour, Dome) and plans ~280,000 metres of drilling in 2026 to convert and expand resources.
• Cordero permitting appears close but 2026 spending of $90–$100M is mostly driven by a higher‑than‑expected land‑use fee of ~$70–$80M, increasing near‑term cash outlays even as the company says permitting approval is imminent.

Discovery Silver Trading Up 2.5%

DSV opened at C$9.99 on Friday. The company has a fifty day moving average price of C$9.50 and a two-hundred day moving average price of C$6.81. Discovery Silver has a 1-year low of C$1.39 and a 1-year high of C$12.48. The company has a market cap of C$8.06 billion, a P/E ratio of 221.21 and a beta of 2.79.

Insider Activity at Discovery Silver

In other news, insider Forbes Gemmell sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of C$8.90, for a total value of C$2,670,000.00. Following the completion of the sale, the insider directly owned 566,157 shares in the company, valued at C$5,038,797.30. This trade represents a 34.64% decrease in their position. 23.60% of the stock is currently owned by corporate insiders.

About Discovery Silver

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.