Discovery Silver (TSX:DSV)

Combining high-quality gold producing assets in Canada with the world’s largest undeveloped silver deposit in Mexico

[Discovery Silver (TSX:DSV) @DiscoverySilver]

At Discovery Silver, our people are at the heart of everything we do. We are very excited to announce the appointments of Dawid Myburgh as Senior Vice President, Timmins Operations, Harold Bird as Vice President, Mineral Processing; and Gertjan Bekkers as Vice President, Technical Services. Dawid and Harold join Discovery from Glencore’s Kidd Operations, while Gertjan brings a wealth of industry experience and expertise, including previously working for both Glencore and Newmont in the Timmins Camp.

At Discovery, we are assembling a team that is built for success – and are excited about what we’ll achieve together as we move forward.

For more information about these, and other, management changes, please see the link to our press release.
https://t.co/Aj8kU2FCLm

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery completes Kidd acquisition!

Acquiring the Kidd Operations in Timmins is a major milestone as we work to achieve our vision of more than doubling gold production in the region to over 500,000 ounces per year. With the Kidd acquisition, we’re investing in local jobs, retaining a highly skilled workforce, and unlocking new opportunities for sustainable economic growth.

We look forward to working closely with our partners and communities as we build a long-term future for Discovery and create lasting value in Timmins.

https://t.co/9H9js46xmX

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery was proud to host the proclamation for Mining Week 2026, and would like to thank everyone who came out to celebrate with us at the Pamour Mine site.

We are also proud to be the Heart of Gold sponsor of this year’s Canadian Mining Expo, continuing our commitment to supporting the people, partnerships, and communities that drive the mining industry forward in Timmins!

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery continues to build one of the strongest growth portfolios in the gold sector. In Q1-2026 we delivered strong operating and financial performance while continuing to advance our exploration and growth initiatives. We also announced the acquisition of the Kidd Operations in Timmins — a transformational step that will help us expand processing capacity, increase exposure to critical minerals, and support future growth across the Porcupine camp.

With three producing gold mines, significant exploration upside, and the continued advancement of our Cordero Project in Mexico — among the world’s largest undeveloped silver deposits — Discovery is building one of the sector’s most compelling growth stories.

Watch our President & CEO Tony Makuch discuss our vision, recent milestones, and the opportunities ahead for the company….https://t.co/cMCf11wqfj
https://t.co/hSi1dTuZp5

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery Reports Strong Q1 2026 Results

Discovery delivered a solid start to 2026, making meaningful progress toward our growth ambitions:
•25% increase in net earnings
•4% revenue growth
•AISC aligned with guidance
•Continued investment in the Porcupine assets
•Strong financial position
•Exploration success across all targets

CEO Tony Makuch shared: “Discovery has a vision to more than double gold production to over 500,000 ounces annually. This growth will come from continued investment in our Porcupine assets in the historic Timmins Camp. In Q1 2026, we made important progress toward achieving these objectives.”

We’re building momentum and focused on delivering long-term value.
https://t.co/Iw4MRmIu8T

#GoldMining #DiscoverySilver #Gold

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Dome Project Update

We recently reported exciting news from our latest drilling at Dome Mine! Confirmation and extension drilling in both the northeast and southwest areas returned strong results, reinforcing Dome’s potential as a major value driver for Discovery. In the northeast, drilling demonstrated a strong correlation with historic geology and delivered similar—or even better—grades and widths. Meanwhile, drilling in the southwest successfully identified new zones of mineralization at shallow depths from surface.

With an 11.0 Moz inferred resource, this historic Canadian gold producer keeps showing its potential. Drills are still turning and we are on track for an updated mineral resource late this year. Lots more to come from Dome, stay tuned.

[Discovery Silver (TSX:DSV) @DiscoverySilver]

CANADA HAS SUPERPOWER POTENTIAL WHEN IT COMES TO STRATEGIC METALS AND CRITICAL MINERALS
Earlier this week, Discovery’s CEO Tony Makuch participated in a panel discussion at the Empire Club of Canada on Powering Canada’s Resource Future. Among his comments, Tony highlighted Canada’s fortunate position in having an abundance of natural resources, including brownfield sites, which can often be brought to production faster and with less capital than greenfield projects. He discussed the importance of re-committing and re-investing in processing infrastructure, to take raw minerals to end products, which Tony described as a key to both maximising prosperity and national sovereignty. see fi;; webcast here
Accelerating a Mining Superpower: Galvanizing the Mining and Critical Minerals Sector for a More Sovereign and Prosperous Canada - Empire Club of Canada

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery announced that the Company’s Porcupine operations produced 60,269 ounces of gold in the first quarter of 2026.

Read the full release here: https://t.co/tOhHgTKtwQ

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Continued Success with the Drill Bit Highlights Growth Potential at Porcupine

Discovery today announced excellent drill results from our ongoing aggressive exploration program at Porcupine.

Read the full results here: https://t.co/scFt1PvkCu

[Discovery Silver (TSX:DSV) @DiscoverySilver]

We are pleased to welcome Scotiabank GBM to our growing analyst coverage community. With Scotiabank initiating coverage , Discovery (TSX: DSV) is now covered by Four (4) of Canada's Big Six banks — a milestone that reflects the growing institutional interest in our story.

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery’s SVP IR, Mark Utting, is presenting at Mining Forum Europe 2026 in Zurich, part of the Denver Gold Group series. He’ll share Discovery’s strategy, performance, and growth outlook.
April 15 | 11:10 AM CEST
Watch live: https://t.co/9L0rdLnJrx

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery’s CEO, Tony Makuch, will join a panel of mining leaders on Monday, April 27 at The Empire Club of Canada to discuss positioning Canada as a global leader in resource supply and manufacturing, powering defense, EVs, clean energy, and advanced industry.

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Our team attended the Ontario Finance Minister’s Annual Pre-Budget Address hosted by the Empire Club of Canada. Hearing from the Hon. Peter Bethlenfalvy ahead of the 2026 budget offered insight into priorities shaping Ontario’s economy and investment climate.

[Discovery Silver (TSX:DSV) @DiscoverySilver]

On #WorldWildlifeDay, we’re committed to protecting wildlife and the ecosystems around our operations. Through responsible practices and support for local pollinators, we’re helping build a sustainable future. Learn more: https://t.co/Z6CSSrLeuZ

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Discovery has entered into a definitive agreement to acquire 100% of the Kidd Operations in Timmins from Glencore, a transformational step in our growth strategy. Read the full press release here: https://t.co/gZkhLLHEQ9

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Join us at PDAC March 2 | 3:00–4:00 PM for a panel on the Revitalization of Haileybury School of Mines & Mining Engineering Technology. Industry leaders, including Discovery CEO Tony Makuch, will discuss the future of mining education and developing the next generation of talent.

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Reminder: We look forward to seeing you at our upcoming Investor Day during PDAC on Monday March 2, 2026 at 11:00 am.

Webinar URL:
https://t.co/gBBZZHHgkw

[Discovery Silver (TSX:DSV) @DiscoverySilver]

In this update, our President and CEO, Tony Makuch, outlines our strong 2025 performance and 2026 growth plans. Watch the full message here….

https://t.co/HDzEjQoRd1

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Proud to share that our President & CEO Tony Makuch, has been named Kitco Mining’s CEO of the Year. Congratulations on this well-deserved honor, we’re proud to be part of your team.

[Kitco Mining @KitcoMining]

Tony Makuch Wins CEO of the Year After Discovery’s Porcupine Turnaround

@DiscoverySilver (TSX: DSV; OTCQX: DSVSF) CEO Tony Makuch has been named Kitco Mining’s CEO of the Year after leading a rapid turnaround of the Porcupine complex in Ontario and repositioning the former non-core asset into a cash-generating growth platform.

Speaking at the 35th BMO Global Metals, Mining & Critical Minerals Conference, Makuch highlighted 2025 production of 180,000 ounces of gold, net profit of $107 million, and free cash flow of $172 million in the company’s first full year operating the asset. Discovery is accelerating investment, increasing exploration spending to more than $65 million as it works to extend mine life beyond current plans, grow resources at Borden, Hoyle Pond, and Pamour, and ultimately lift production while lowering costs. Makuch said the company is targeting all-in sustaining costs of between $1,250 and $1,500 per ounce over time.

“Shareholder return over the next few years is going to be an investment of capital into the business to improve the value of the equity,” he said.

Makuch also outlined balance sheet strength, a debt-free position, and continued permitting progress at the Cordero project in Mexico as Discovery focuses on reinvesting cash flow to build long-term value.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

Special thanks to our sponsor, First Majestic Silver @FMSilverCorp . To learn more, visit https://t.co/i28pbZJNkY

00:33 – Record 2025 Gold Production, Profit & Free Cash Flow
02:30 – Reinvesting Higher Gold Prices Into Growth
03:52 – Porcupine Exploration & Mine Life Expansion
05:58 – Workforce Integration & Culture Shift
07:10 – Debt-Free Balance Sheet & Credit Facility Reset
09:35 – Shareholder Returns Through Reinvestment
11:00 – Cordero Permitting Progress in Mexico
13:45 – Investor Questions at BMO Conference
15:52 – Mid-Tier Gold Sector Outlook & Cycles
18:15 – Kitco Mining CEO of the Year Announcement

Full video at Kitco Mining:
https://t.co/gnSzsdDdbg

[Discovery Silver (TSX:DSV) @DiscoverySilver]

Our President & CEO Tony Makuch is speaking today at the 2026 Global Metals, Mining & Critical Minerals Conference (Feb 24, 2:30 PM ET). Join live via our Events page: https://t.co/KuWvvqCRf1 or register here: https://t.co/1K4NagteZg