Discovery Silver Lays Out Path to 500K–750K Gold Ounces | Mark Utting
Mark Utting, Senior Vice President of Investor Relations at Discovery Silver, joins Kitco Mining to explain how the company is generating gold cash flow in Canada while advancing one of the world’s largest undeveloped silver projects in Mexico. Discovery produced more than 66,000 ounces of gold in Q4 2025 and about 180,000 ounces from the April acquisition close through year end at the Porcupine complex in Northern Ontario. With more than $410 million in cash, no debt, and access to a $250 million revolving credit facility, the company is reinvesting cash flow to scale production toward 500,000 to 750,000 ounces per year over the next three to five years. A key catalyst is the potential restart of the historic Dome Mine, which hosts an estimated 11 million ounces of gold in resources and could add 200,000 to 250,000 ounces of annual production. Utting also provides an update on the Cordero silver project in Mexico, including permitting progress and Discovery’s focus on minimizing dilution. “We give dual exposure on the precious metal side,” Utting said. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest mining news and interviews. 00:50 – Discovery Silver’s Dual Gold and Silver Exposure 02:06 – Porcupine Complex Operations and Growth Potential 04:14 – Financial Strength, Cash Flow, and Capital Strategy 10:34 – Cordero Silver Project, Permitting, and Mexico Outlook 15:40 – Production Growth Outlook and Closing Thoughts __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us X - https://x.com/KitcoMining Instagram - / kitcomining LinkedIn - / kitco-mining Facebook - / kitcomining Connect with the Kitco Mining anchors Paul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.
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