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Discovery Reports 50,552 Ounces of Gold Production, $27.3 Million of Free Cash Flow¹ in Q2 2025
TRANSFORMATIONAL QUARTER Acquired Porcupine Complex on April 15 th , establishes Discov...
About this update from Discovery Silver Corp
[{"type":"text","content":"Discovery Reports 50,552 Ounces of Gold Production, $27.3 Million of Free Cash Flow¹ in Q2 2025\n\n\n\n\n\n TRANSFORMATIONAL QUARTER\n \n\n\n Acquired Porcupine Complex on April 15\n \n th\n \n , establishes Discovery as growing Canadian gold producer\n \n\n Finalized $575.0 million financing package, including $475.0M of royalty & equity financing, $100.0M senior debt facility\n \n\n\n\n\n Q2 2025 NET EARNINGS AND EPS\n \n\n\n Net earnings of $5.5M ($0.01/share) versus net loss of $5.1M ($0.01/share) in Q2 2024; Adjusted net earnings\n \n 1\n \n totaled $28.4 million or $0.04 per share\n \n\n\n\n\n INITIAL GOLD PRODUCTION IN Q2 2025\n \n\n\n 50,552 produced from April 16 – June 30; Production included 16,112 oz from Hoyle Pond, 27,286 oz from Borden and 7,154 oz from Pamour\n \n\n\n\n\n OPERATING CASH COSTS IN LINE WITH EXPECTATIONS\n \n\n\n Operating cash costs\n \n 1,2\n \n of $48.8M or $1,334/oz sold\n \n\n\n\n\n ATTRACTIVE MARGINS DRIVE PROFITABILITY AND CASH FLOW\n \n\n\n All-in sustaining costs (“AISC”)\n \n 1,2\n \n averaged $2,123/oz sold versus average realized gold price\n \n 1\n \n of $3,337/oz; Site-level AISC\n \n 3\n \n averaged $1,872/oz sold\n \n\n\n\n\n STRONG CASH FLOW FROM GOLD SALES\n \n\n\n Net cash from operating activities of $67.1M; Free cash flow\n \n 1\n \n of $27.3M\n \n\n\n\n\n SOLID CASH POSITION TO SUPPORT OPERATIONS AND GROWTH PLANS\n \n\n\n Cash at June 30, 2025, totaled $252.5M; with working capital of $225.9 million; Additional $100.0M of liquidity at June 30, 2025, through undrawn credit facility\n \n\n\n\n\n\n 1. Example of Non-GAAP measure. See the section in this press release entitled, “NON-GAAP MEASURES” for more information.\n \n\n\n 2. Operating cash costs and AISC include results from the Hoyle Pond and Borden operating mines, as well as corporate expenditures where applicable. They do not include operating costs, capital expenditures, or gold ounces sold from Pamour, which is a capital project that continues to ramp up towards commercial levels of production.\n \n\n\n 3. Site-level AISC excludes corporate G&A expense, share-based compensation costs and corporate-level sustaining capital expenditures.\n \n\n\n TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) --\n \n Discovery Silver Corp.\n \n (TSX: DSV, OTCQX: DSVSF) (“\n \n Discovery\n \n...