Discovery Mining Ltd (HAM:1CU)

Q1 2026 Discovery Silver Corp Earnings Call Transcript

May 14, 2026 / 06:00 PM GMT

Release Date Price: €6.43 (-1.53%)

Transcript

Key Points

Positve

Discovery Silver Corp (DSVSF) announced the acquisition of Glencore's Kidd operations, which is expected to significantly increase processing capacity and add valuable infrastructure.
The company reported robust revenues of $285 million for Q1 2026, a 4% increase quarter-over-quarter, driven by higher gold prices.
Exploration activities yielded positive results, with significant drilling success at multiple sites, including Hoyle Pond and TBZ, indicating potential for resource expansion.
Discovery Silver Corp (DSVSF) maintained a strong liquidity position with $385 million in cash and a $250 million revolving credit facility, providing financial flexibility.
The company achieved a 41% increase in EBITDA quarter-over-quarter, reflecting strong operational performance and higher gold prices.

Negative

Q1 2026 production was lower than expected, with 60.2 thousand ounces of gold produced, making it the lowest quarter of the year.
The company faced challenges with mill throughput due to severe winter conditions affecting the crushing circuit, leading to higher unit costs.
Sustaining capital expenditures were lower than planned due to delays in the delivery of new mobile equipment and ongoing construction work.
All-in sustaining costs were high at $2,041 per ounce sold, reflecting increased operating cash costs.
The company anticipates variability in production and costs throughout the year, with improvements expected only in the second half of 2026.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DSV.TO - Discovery Silver Corp
Q1 2026 Discovery Silver Corp Earnings Call
May 14, 2026 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Discovery First Quarter 2026 Conference Call and Webcast.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad.

If you would like to withdraw your question, simply press star one again.

Thank you.

I will now turn the call over to Mark Udding, Senior Vice President, Investor Relations for Discovery. Mr. Udding, you may begin your conference.

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