Discovery Reports Record Revenue, Strong Year-Over-Year Earnings Growth in Q2 2026
Aug 13, 2026, 6:00 AM ETDiscovery Mining Ltd. (DSVSF), DSV:CA
COMPLETED ACQUISITION OF KIDD OPERATIONS
Creates opportunity to significantly increase processing capacity, adds valuable land and infrastructure, provides exposure to critical minerals and adds exploration upside
EXPLORATION SUCCESS AT ALL TARGETS
Excellent drill results at all operations, at near-mine targets and at key growth projects; Recent results confirmed Pamour to be large-scale deposit with substantial growth potential
INVESTING TO IMPROVE AND GROW PORCUPINE
Total capital expenditures(1) of $86.4M versus $44.2M in Q2 2025 and $69.9M in Q1 2026
STRONG PRODUCTION GROWTH
Produced 67,309 oz of gold, 33% increase from Q2 2025(2) and 12% higher than Q1 2026; Gold sold(3) totaled 66,068 oz vs. 42,550 oz in Q2 2025 and 59,445 oz the previous quarter
UNIT COSTS IN LINE WITH GUIDANCE RANGES
Gold operating cash costs(1) of $1,387/oz sold, gold AISC(1)(4) of $2,154/oz sold
RECORD REVENUE IN Q2 2026
Revenue of $319.1M, more than double the Q2 2025 level and 12% higher than Q1 2026
STRONG YEAR-OVER-YEAR EARNINGS GROWTH
Net earnings of $52.1M, or $0.06/share, vs $5.5M, or $0.01/share, in Q2 2025 and $81.7M, $0.10/share in Q1 2026; Adjusted net earnings(3) of $92.3M, or $0.11/share, compared to $28.4M, or $0.04/share, in Q2 2025 and $82.7M, or $0.10/share in Q1 2026
STRONG FINANCIAL POSITION
Total liquidity of $607.8M at June 30th (including $364.3M of cash); Revolving credit facility (“RCF”) increased to $400 million and maturity extended to July 30, 2030 subsequent to quarter end
ON TRACK TO ACHIEVE 2026 GUIDANCE
2026 guidance includes back-half weighted production of 260 – 300 koz; operating cash costs/oz of $1,250 – $1,400 and AISC/oz of $1,950 – $2,250; sustaining capital(1) of $120M – $165M and growth capital(1) of $195M – $235M
https://dsvmining.com/English/news-media/press-releases/press-releases-details/2026/Discovery-Reports-Record-Revenue-Strong-Year-Over-Year-Earnings-Growth-in-Q2-2026/default.aspx