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The latest update is out from Discovery Silver ( (TSE:DSV) ).
Discovery Silver reported fourth-quarter 2025 gold production of 66,718 ounces from its Porcupine operations, bringing full-year output from these mines to 234,702 ounces, including production prior to the April acquisition from Newmont. The company highlighted a 6% quarter-on-quarter production increase driven by higher grades at Hoyle Pond and increased tonnes processed from the ramp-up at the Pamour open pit, alongside strong exploration results across Hoyle Pond, Borden, Pamour and the Owl Creek district. Discovery ended 2025 with approximately $410 million in cash, no debt, and an undrawn $250 million revolving credit facility with an additional $100 million accordion, underpinning its growth plans. Management described 2025 as a transformational year in which Discovery evolved from a silver-focused developer into a Canadian gold producer with one of the sector’s more compelling growth profiles, supported by a new Resource Development Agreement with Taykwa Tagamou Nation aimed at facilitating long-term operational support within the First Nation’s traditional territory.
The most recent analyst rating on (TSE:DSV) stock is a Buy with a C$10.50 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.
Spark’s Take on TSE:DSV Stock
According to Spark, TipRanks’ AI Analyst, TSE:DSV is a Neutral.
The score is primarily supported by the TTM operational and cash-flow inflection and a low-risk balance sheet (no debt), with additional support from constructive technical momentum. The main drag is valuation (very high P/E) and the financial-profile risk signaled by inconsistent net results/negative ROE and the sharp contrast versus prior years.
To see Spark’s full report on TSE:DSV stock, click here.
More about Discovery Silver
Discovery Silver Corp. is a growing precious metals company with exposure to both gold and silver. Its silver portfolio is anchored by the 100%-owned Cordero project in Chihuahua, Mexico, one of the world’s largest undeveloped silver deposits, while its gold operations are centered on the Porcupine Complex in and around Timmins, Ontario, acquired in April 2025. The company now operates multiple underground and open-pit mines in a renowned Canadian gold camp and holds a dominant land position with substantial resource and exploration upside.
Average Trading Volume: 4,644,400
Technical Sentiment Signal: Buy
Current Market Cap: C$7.38B
Find detailed analytics on DSV stock on TipRanks’ Stock Analysis page.

