Mark Utting, Senior Vice President of Investor Relations at Discovery Silver, joins Kitco Mining to explain how the company is generating gold cash flow in Canada while advancing one of the world’s largest undeveloped silver projects in Mexico.

Discovery produced more than 66,000 ounces of gold in Q4 2025 and about 180,000 ounces from the April acquisition close through year end at the Porcupine complex in Northern Ontario. With more than $410 million in cash, no debt, and access to a $250 million revolving credit facility, the company is reinvesting cash flow to scale production toward 500,000 to 750,000 ounces per year over the next three to five years.

A key catalyst is the potential restart of the historic Dome Mine, which hosts an estimated 11 million ounces of gold in resources and could add 200,000 to 250,000 ounces of annual production. Utting also provides an update on the Cordero silver project in Mexico, including permitting progress and Discovery’s focus on minimizing dilution. “We give dual exposure on the precious metal side,” Utting said.

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00:50 – Discovery Silver’s Dual Gold and Silver Exposure
02:06 – Porcupine Complex Operations and Growth Potential
04:14 – Financial Strength, Cash Flow, and Capital Strategy
10:34 – Cordero Silver Project, Permitting, and Mexico Outlook
15:40 – Production Growth Outlook and Closing Thoughts
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Discovery Silver Lays Out Path to 500K–750K Gold Ounces | Mark Utting

Kitco MINING

Discovery Silver Lays Out Path to 500K–750K Gold Ounces | Mark Utting