Morning Briefing: Discovery Silver Reports Q2 Financials and Production Numbers
Aug 12, 2025
Discovery Silver reports impressive Q2 financials, marking its first gold production results after acquiring the Porcupine Complex. The podcast dives into exciting joint ventures between Lithium Argentina and Ganfeng Lithium, which aim to enhance their projects. Recent drilling results from Seabridge Gold and Fury Gold Mines are discussed, showcasing significant discoveries in gold and copper. The mining market update reveals fluctuating gold prices and their impact on ETFs, creating a dynamic landscape for investors.
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Gold Drops While Miners Hold Ground
Gold fell about 2.5% (~$86) as the dollar rose, while GDX and GDXJ recovered through the day.
CPI came in at 2.7% y/y and core CPI 3.1% y/y, a mixed inflation signal for markets.
insights INSIGHT
Discovery Silver First Gold Results
Discovery Silver reported 50,552 oz of gold from mid-April to June after acquiring the Porcupine Complex.
AISC averaged $2,123/oz and free cash flow was $27.3M.
insights INSIGHT
JV Aims 50,000 tpa Lithium Output
Lithium Argentina and Ganfeng formed a JV merging Pozuelos-Pastos Grandes and Sal de la Puna projects.
The JV targets 50,000 tpa LCE in three phases and seeks project financing.
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Discovery Silver shared their financial and operating results for the second quarter and the first six months of the year. Q2 2025 represents the first quarter Discovery has reported the results of gold production and sales following the Company’s acquisition of the Porcupine Complex in and near Timmins, Ontario. Lithium Argentina and Ganfeng Lithium Group are establishing a new joint venture consolidating Ganfeng’s solely owned Pozuelos-Pastos Grandes project with Lithium Argentina’s Pastos Grandes project and the Sal de la Puna project. New drill results from Seabridge Gold and Fury Gold Mines.
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Revival Gold is one of the largest pure gold mine developer operating in the United States. The Company is advancing the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. Learn more about the company at revival-dash-gold.com
Equinox has recently completed the business combination with Calibre Mining to create an Americas-focused diversified gold producer with a portfolio of mines in five countries, anchored by two high-profile, long-life Canadian gold mines, Greenstone and Valentine. Learn more about the business and its operations at equinoxgold.com
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho, and the Nevada North Project located in western Nevada. Learn more about the business and their high industry standards over at integraresources.com
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