Canada · Delayed Price · Currency is CAD Discovery Silver Earnings Call Transcripts
Fiscal Year 2026
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A major North American precious metals producer outlined plans to boost gold output to 500,000–750,000 ounces and silver to 14 million ounces annually within 3–5 years, leveraging recent acquisitions and strong financials. Key project studies and a pivotal permit for Cordero are expected by year-end.
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Major expansion plans include doubling land holdings with the Kidd acquisition, aggressive exploration, and significant capital investment in both Canada and Mexico. Production is set to increase, costs are targeted to decline, and the Cordero project is poised for a final investment decision pending permit approval.
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Plans call for transforming Porcupine into a tier one asset with major production growth, cost reductions, and extensive exploration. Cordero in Mexico is advancing toward permitting and financing, while capital is prioritized for expansion and productivity.
Fiscal Year 2025
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Q4 2025 delivered strong financial and operational results, with revenue up 16% sequentially, adjusted EPS up 75%, and robust cash flow. 2026 guidance calls for higher production, lower costs as the year progresses, and increased exploration, supported by a strong balance sheet.
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Significant production growth and resource expansion are underway, with strong financials and major exploration programs at multiple assets. Dome and Cordero projects offer transformative potential, while permitting and community engagement support long-term development.
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Q3 2025 saw robust revenue and earnings growth, with gold production and sales rising sharply, costs improving, and free cash flow tripling sequentially. Exploration advanced across key assets, and liquidity was strengthened with a new credit facility.
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Major gold and silver asset acquisitions in 2026 drive strong operational and financial performance, with significant production growth and multiple value drivers identified. Aggressive exploration, mill expansion, and permitting at Cordero position the company for substantial output increases and valuation upside.
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Q2 2025 saw strong operational and financial results following the Porcupine acquisition, with $28.4M in adjusted net earnings, $67M in operating cash flow, and robust exploration ramp-up. Pamour and other assets are progressing ahead of schedule, with higher production and lower costs expected in H2.
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The company is rapidly expanding gold and silver production, focusing on the Porcupine Complex and Cordero project, with major investments in exploration, mill upgrades, and productivity. Strong cash flow and a disciplined capital strategy support growth, with no near-term equity issuance planned.
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A new North American precious metals company is emerging with robust gold production in Ontario and a world-class silver project in Mexico. Backed by strong financial partners, the company is focused on operational optimization, aggressive exploration, and sustainable community engagement, with key project milestones and permit approvals expected soon.