Discovery Silver Q1 Earnings, Kidd Acquisition

Discovery Silver announced its Q1 2026 financial and operating results, reporting a 25% increase in net earnings to $81.7 million and a 41% growth in EBITDA to $177.9 million. The company's revenue increased by 4% to $285.0 million, driven by an 18% rise in the average realized Gold price. Discovery Silver also confirmed it is on track to meet its 2026 production, cost, and capital expenditure guidance. A significant development is the agreement to acquire Glencore's Kidd operations, which is anticipated to substantially increase Discovery Silver's processing capacity and provide exposure to critical minerals like Copper and Zinc. The company continued to make progress on its Porcupine Complex operations in Canada — Ontario, focusing on investments to optimize production and exploration. Additionally, work advanced on de-risking the Cordero Project in Mexico, one of the world's largest undeveloped Silver deposits, with efforts to update cost estimates and finalize development schedules and financing strategies.