Discovery Silver

After completing the takeover of the Kidd Operations, Discovery Silver made several management changes: Dawid Myburgh becomes Senior Vice President, Timmins Operations; Harold Bird becomes Vice President, Mineral Processing; and Gertjan Bekkers becomes Vice President, Technical Services. Duncan King and Milferd Burnett were promoted, while COO Pierre Rocque will retire on June 5, 2026. Forbes Gemmell and Dimitri Demianyuk have left the company. Discovery retains the Cordero project in Chihuahua and acquired the Porcupine Complex in 2025. » Mere på de.investing.com

Discovery Silver reported Q3 earnings per share of $0.08 (expectation $0.0731), but missed revenue with $237 million versus a projected $255.75 million. EBITDA and operating cash flow strengthened significantly, and the cash position rose to $341.5 million. The stock fell 1.26% in after-hours trading, with investors cautious due to the revenue disappointment. The company emphasizes continuation of exploration and development projects, including a focus on the potential Cordero project. » Mere på de.investing.com

Discovery Silver has entered into a three-year revolving credit facility of US$250 million with a banking syndicate, with an option to increase it by a further US$100 million. The facility is secured by all of the company’s assets until 15 September 2028 and may be used for general corporate purposes, working capital and capital expenditures. Interest margins depend on consolidated net debt (Term SOFR margin 2.50–3.50%; US-dollar base rate margin 1.50–2.50%). As part of the agreement, a previously unused US$100 million senior facility with Franco-Nevada will be cancelled. » Mere på de.investing.com