Discovery Silver (TSE:DSV) Releases Quarterly Earnings Results

Discovery Silver (TSE:DSV) announced its quarterly earnings results on Thursday. The company reported C$0.14 EPS for the quarter, FiscalAI reports. Discovery Silver had a return on equity of 29.78% and a net margin of 16.33%.The business had revenue of C$396.28 million for the quarter.

Here are the key takeaways from Discovery Silver’s conference call:

• Discovery Silver said it is on track to more than double gold production at Porcupine to over 500,000 ounces per year while advancing Cordero toward about 14 million ounces of silver annually over the first 10 years.
• The company highlighted the Kidd operations acquisition as a major growth milestone that could add significant milling capacity, processing flexibility, infrastructure, and skilled labor, with closing expected in the next few weeks.
• Management said exploration remained very strong across Hoyle Pond, TVZ, Owl Creek, Borden, Pamour, and Dome, with 67,000 meters drilled in Q1 and multiple high-grade intercepts supporting future resource growth.
• Q1 production of 60,269 ounces was described as the weakest quarter of the year, affected by lower mill throughput from winter-related issues and scheduled downtime at the Dome crushing circuit.
• Financial performance was strong, with $285 million of revenue, $178 million of EBITDA, and $63 million of adjusted free cash flow, while cash ended the quarter at $384.9 million.

Discovery Silver Stock Performance

DSV stock traded down C$0.48 during mid-day trading on Friday, reaching C$9.38. The company had a trading volume of 910,406 shares, compared to its average volume of 3,299,769. The company has a market capitalization of C$7.60 billion, a price-to-earnings ratio of 62.53 and a beta of 2.89. The firm has a fifty day simple moving average of C$9.33 and a 200 day simple moving average of C$8.79. Discovery Silver has a fifty-two week low of C$2.44 and a fifty-two week high of C$12.48.

Insider Transactions at Discovery Silver

In other Discovery Silver news, Director Jennifer Laura Wagner sold 134,145 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of C$9.76, for a total value of C$1,309,255.20. Following the sale, the director owned 215,855 shares of the company’s stock, valued at C$2,106,744.80. This trade represents a 38.33% decrease in their position. 23.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Scotiabank raised Discovery Silver to a “strong-buy” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Discovery Silver presently has an average rating of “Strong Buy”.

About Discovery Silver

Discovery Silver Corp is an exploration and development company building a large-scale, high-margin silver asset in Mexico. Its flagship project is the Cordero project, one of the few silver projects globally that offer margin, size, and scaleability. The project is located in a prolific mining belt in Chihuahua State, Mexico.