For investors and industry observers alike, few stories in the precious metals sector are as compelling as that of Discovery Silver Corp. As the global mining space is driven by strategic demand for critical materials, rising commodity prices, and a growing focus on sustainable production, Discovery Silver has positioned itself at the intersection of opportunity and execution. Headquartered in Toronto, Canada, and with interests spanning North America, the company is rapidly transforming from an exploration-focused entity into a major silver and gold producer with world-class assets and a clear vision for long-term growth. The foundation of Discovery Silver’s strategy lies in its flagship Cordero project, a development-stage silver asset in Chihuahua State, Mexico, widely regarded as one of the largest undeveloped silver deposits in the world. Based on an extensive feasibility study, Cordero offers the scale, grade, and infrastructure advantages that are rare in today’s mining landscape. The project has been developed with a focus on low unit costs and robust cash flow potential, while creating significant socio-economic benefits for local communities through job creation and skill development.

Delivering a Balanced Approach

Cordero sits within a prolific mining belt and has drawn attention not only for its sheer size but also for its contribution to the future of silver supply. In an industry where primary silver discoveries have become increasingly scarce, assets with the geological and economic attributes of Cordero are rare. Discovery Silver has methodically advanced Cordero through permitting, environmental assessments, and technical milestones, including environmental certifications that recognize compliance with Mexico’s stringent regulatory framework. Yet the company’s ambition extends beyond its Mexican flagship. In April 2025, Discovery Silver completed a transformative acquisition of the Porcupine Complex from Newmont Corporation, marking a significant shift in its operational footprint. With this move, Discovery Silver emerged as a diversified precious metals producer, gaining access to multiple gold operations in one of the world’s most renowned mining regions near Timmins, Ontario. This strategic acquisition not only diversified the company’s asset base but also brought immediate production and cash flow capabilities, reinforcing its financial strength and operational competencies.

Today, Discovery Silver stands out for its balanced combination of production and development assets—an increasingly sought-after profile in the mining sector. The Porcupine Complex has already delivered positive cash flow and strong quarterly production results, with tens of thousands of ounces of gold produced and significant free cash flow reported as recently as Q3 2025. This mix of near-term revenue generation and long-term project development enables the company to fund growth while advancing its strategic vision.

A Combination of Innovation and Operational Excellence

Leadership continuity and governance underpin the company’s ambitious roadmap. Under the guidance of President, CEO, and Director Anthony P. Makuch, Discovery Silver’s board and executive team bring deep experience in exploration, development, financing, and operations. Their collective expertise allows the company to pursue growth opportunities with disciplined risk management and a focus on sustainable value creation. Key governance mechanisms ensure oversight of strategic direction, risk practices, and internal controls, reinforcing Discovery Silver’s commitment to operational integrity and stakeholder accountability. A critical element of Discovery Silver’s success is its commitment to environmental, social, and governance (ESG) principles. While the mining industry remains essential for supplying metals critical to global technologies—including renewable energy systems, electronics, and infrastructure—there is growing scrutiny around how these resources are developed. Discovery Silver has embraced this shift by integrating ESG considerations into every stage of its project lifecycle. From environmental impact assessments and community engagement in Mexico to corporate policies reviewed annually by board committees, the company strives to meet high standards of responsible mining.

On the social front, the company emphasizes inclusive and supportive workplaces, nurturing a culture where diverse perspectives contribute to innovation and operational excellence. This emphasis on human capital not only strengthens internal performance but also builds trust in communities where Discovery Silver operates, fostering local partnerships and shared economic benefits. Discovery Silver’s growth narrative is not merely about expanding resources; it is about integrating mining with environmental stewardship, socio-economic development, and long-term market relevance. In the broader context of global mineral demand, silver plays a unique role—not only as a store of value but also as a key industrial metal. Its applications range from photovoltaic cells in solar panels to electronics and medical devices, bolstering long-term demand dynamics. This shifting demand backdrop further enhances the strategic value of a project like Cordero, which is poised to deliver meaningful supply at a time of tightening markets.

Operationally, Discovery Silver has laid out robust development and de-risking plans for its projects. At Cordero, priorities such as water and power management, permitting, and community outreach reflect a comprehensive approach to advancing project milestones. Closing the environmental impact assessment and securing necessary approvals remain central to moving the project toward production. Meanwhile, the company’s extensive land position and exploration upside in areas surrounding Cordero and Porcupine support the prospect of future discoveries and organic growth.  This strategic layering of assets has resonated in financial markets. Discovery Silver’s shares have experienced notable growth, reflecting investor confidence in its multi-asset approach and long-term potential. Notably, the company’s market capitalization and trading activity underscore strong trading interest compared with peers, while substantial insider and institutional holdings signal alignment between management, shareholders, and strategic stakeholders.

However, driving the path from development to production is not without challenges. Mining projects of Cordero’s scale require careful planning, substantial capital, and proactive engagement with regulatory authorities and local communities. Infrastructure logistics, permitting timelines, and commodity price volatility are variables that Discovery Silver continues to manage as part of its execution strategy. The company’s experience with the Porcupine Complex, where production is already underway, helps inform its approach to advancing Cordero with a blend of technical rigor and operational experience.

Committed to Creating Value

Looking ahead, Discovery Silver’s dual role as both a producer and developer positions it for resilience and growth. By leveraging cash flow from Canada’s gold operations while advancing Mexico’s silver frontier, the company is building a portfolio that is both diversified and competitive. Its vision—to become a highly profitable North American precious metals producer that delivers superior returns while upholding environmental and social standards—reflects an understanding of modern mining imperatives and market expectations. Moreover, amidst the shifting energy markets, and heightened scrutiny around sustainability, Discovery Silver’s strategy stands as a compelling model for future-focused mining. Its leadership in developing one of the world’s largest undeveloped silver resources, combined with active production assets and strong governance frameworks, underscores a commitment to creating long-term value. As Cordero moves closer to production and the Porcupine Complex continues to contribute cash flow and operational insight, Discovery Silver Corp is poised to be a defining presence in the precious metals landscape—one that balances growth, responsibility, and innovation in a changing world.