Discovery Silver: Developing One of the World’s Largest Silver Deposits
Join us for a great event!
Wed, September 7, 2022 at 2:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting was a live investment summit hosted by Discovery Silver, featuring presentations by interim CEO Tony Mikuch and Vice President of Corporate Development Forbes Gemmel. The discussion focused on the company's Cordura project, its potential as a Tier 1 silver asset, and upcoming studies that will influence its development. Key Discussion Points - Introduction of Discovery Silver and its Cordura project. - Overview of the project's location in Chihuahua, Mexico, a key mining state. - Presentation of the project's significant resource potential and low operating costs. - Discussion on the cash balance of approximately $60 million, enabling funding for upcoming studies. - Insights into the capital structure, including major shareholder Eric Sprott's investment. - Anticipation of a pre-feasibility study (PFS) by the end of Q4 2023 and a full feasibility study in 2023. - Emphasis on the project's favorable location, infrastructure, and low execution risks. Decis...
Tony Makuch, an independent director of the Company has been appointed Interim Chief Executive Officer, effective immediately. Mr. Makuch is a professional engineer with over 35 years of significant industry and leadership experience and is well positioned to advance the Company’s strategy through this period of transition with the support of the Board of Directors and the Company’s management team. Mr. Makuch was most recently Chief Executive Officer of Kirkland Lake Gold Ltd., a leading senior global gold company with operations in Ontario and Australia.
Mr. Gemmell has more than 15 years of mining industry experience across capital markets, exploration, project development and operations. This experience includes senior management roles focused on corporate strategy, acquisition and divestitures, investor relations, capital raising, feasibility studies and project optimization. Mr. Gemmell was most recently VP of Corporate Development at Guyana Goldfields Inc., a mid-tier gold producer with operations in Guyana. Mr. Gemmell oversaw the merger and acquisitions strategy for the company, managed and supervised the completion of multiple feasibility studies, and played a key role in overseeing several construction and development projects. Prior to this role, Mr. Gemmell was the CEO of Lago Dourado Minerals Ltd., a gold exploration company focused on Brazil. Mr. Gemmell also worked in the capital markets earlier in his career, both on the sell-side, as an equity research analyst covering the precious metals sector with Raymond James Ltd., and on the buy-side, as an equity analyst with Colonial First State in Sydney, Australia. Mr. Gemmell holds a Bachelor of Economics (Actuarial Studies) and is a CFA charterholder.
Replay transcript excerpt
Speaker 1: Hello everyone, welcome to Discovery Silver's live investment summit today, hosted by 6. I'm pleased to introduce the interim CEO and director, Tony Mikuch, as well as Forbes Gemmel, Discovery Silver's Vice President of Corporate Development. Tony and Forbes are gonna walk us through a company presentation, and after we'll be taking some questions live, I'd like to remind the audience that you can submit questions using the Q&A tab found on the right hand side of your screen at any time during today's presentation. And as always, this event is being recorded. It's gonna be available online, on demand in the next few days on six.com. Speaker 1: Without further ado, Tony, I'd like to hand things over to you and get us started. Speaker 2: Okay, thanks. And thanks everybody Speaker 2: for being here and listening on the call. And I think we've got some really interesting, Speaker 2: interesting, Speaker 2: I guess, value proposition to talk to you about with Discovery Silver. I know I'll go through both myself and Forbes Gimel here on the line giving the presentation Speaker 2: and Forbes will probably more lead some of the presentation as we go along and then we'd be happy to do a question Q&A Speaker 2: as we're completed. Speaker 2: Maybe just Speaker 2: before kicking off in terms of Discovery Silver and who Discovery Silver is and the Cordura project, I think this slide kind of Speaker 2: highlights 1 thing, I mean what we really feel and what I've really come familiar with over Speaker 2: the last few months of getting involved with Discovery Silver, this is probably, you know, it's definitely Speaker 2: a Tier 1 silver asset. You know, it's probably 1 of the Speaker 2: best undeveloped silver assets Speaker 2: globally. Speaker 2: And when we talk about...
