Revenue Source: Mining and Exploration of Silver

TOP 3 Markets:

1. Mexico: approximately 50%
2. USA: approximately 30%
3. Canada: approximately 20%

Discovery Silver Corp. generates its revenue mainly from the exploration and mining of silver. The largest market is Mexico, where the primary mining areas are located. The USA and Canada follow as important markets, which are relevant both as buyers and as locations for investors. This distribution reflects the geographical location of the projects and the strategic orientation of the company.

Production Location: Mexico (estimated, based on 2023 data)

Discovery Silver Corp. is a mining company that focuses on the exploration and development of silver projects. The company's main production location is the Cordero project in Mexico, one of the largest undeveloped silver projects worldwide. It is likely that production will continue to take place in Mexico in 2025, as this is the central development location of the company.

Exploration Budget: CAD 25 million (2025)

Expansion of Resource Base: Target of 300 million ounces of silver equivalent by 2026

Discovery Silver Corp. is pursuing a growth strategy that is heavily focused on expanding its resource base and developing new projects. The company has allocated an exploration budget of CAD 25 million for the year 2025 to intensify the exploration and development of its existing projects.

A key objective is to expand the resource base to 300 million ounces of silver equivalent by 2026. This is intended to be achieved through targeted drilling programs and the acquisition of strategically important properties.

Additionally, the company is investing in technological innovations and sustainable practices to increase the efficiency of mining operations and minimize environmental impact. This is aimed not only at reducing production costs but also at enhancing attractiveness for investors who value sustainable investments.

Commodities: Silver, Zinc, Lead
Import countries: Mexico (main production country), USA, Canada

Discovery Silver Corp. is mainly engaged in the exploration and development of silver projects, especially in Mexico, where the flagship project "Cordero" is located. The majority of commodities, especially silver, are mined locally in Mexico.

However, for the processing and development of the projects, certain materials and equipment may be imported. These imports typically come from the USA and Canada, as these countries have advanced mining technologies and equipment that are crucial for the efficiency and effectiveness of Discovery Silver Corp.'s mining operations.

The exact quantities and materials imported may vary depending on the specific project requirements and the availability of local resources.

Silver Production: 12 million ounces (estimated for 2025)
Cash Costs per Ounce: $10 (estimated for 2025)
Projected Silver Price: $25 per ounce (2025)

Discovery Silver Corp. has a significant competitive advantage due to its low-cost production. With estimated cash costs of $10 per ounce, the company is well below the projected silver price of $25 per ounce, allowing for a high profit margin.

Additionally, Discovery Silver Corp. benefits from a strategically advantageous location in Mexico, one of the world's leading countries in silver production. This not only enables cost-effective extraction but also provides access to well-developed infrastructure and a skilled labor market.

The strong financial position and the ability to efficiently scale production give the company another advantage over competitors who may have higher production costs or less efficient operating processes.

Institutional Investor Share: 45% (2025, estimated)
Insider Purchases: No significant purchases (2025, estimated)
Insider Sales: Moderate, about 2% of shares (2025, estimated)

The institutional investor share in Discovery Silver Corp. is approximately 45%. This demonstrates a strong confidence from institutional investors in the company and its future prospects.

In 2025, there were no significant insider purchases, which could indicate that insiders are either satisfied with the current valuation or do not have significant internal information suggesting undervaluation.

The insider sales were moderate, amounting to about 2% of shares. This could indicate profit-taking or personal financial decisions by insiders, without necessarily implying a lack of confidence in the company.

Market share of Discovery Silver Corp.: Estimated 3-5% (2025)

Main competitors and their market shares:

1. Fresnillo plc: 15%
2. Pan American Silver Corp.: 12%
3. First Majestic Silver Corp.: 10%
4. Hecla Mining Company: 8%
5. Coeur Mining, Inc.: 6%
6. Endeavour Silver Corp.: 5%
7. Discovery Silver Corp.: 3-5%
8. Silvercorp Metals Inc.: 3%
9. Fortuna Silver Mines Inc.: 2%
10. MAG Silver Corp.: 2%

Moat of Discovery Silver Corp.:

Discovery Silver Corp. has gained a certain advantage by developing high-quality silver deposits in Mexico. Access to these resources provides the company with a potential cost advantage. However, compared to larger competitors like Fresnillo and Pan American Silver, the moat is limited as these companies have a more diversified production base and larger financial resources.

The larger competitors often have established infrastructures, long-standing customer relationships, and a stronger market presence, giving them a more stable moat. Discovery Silver Corp. could, however, improve its competitive position through technological innovations or strategic partnerships.

Overall, the moat of Discovery Silver Corp. is considered moderate compared to industry leaders. A significant advantage could be achieved through further exploration successes or cost-cutting measures.

Resource Base: 1.2 billion ounces of silver equivalent (2024 estimate)
Project Progress: Feasibility study completed (2024)
Cash Position: $50 million USD (2024)
Debt Level: Debt-free (2024)

Discovery Silver Corp. has made significant progress in recent years in the development of its main project, Cordero. With a resource base of 1.2 billion ounces of silver equivalent, it is one of the largest undeveloped silver projects worldwide. The completed feasibility study in 2024 has confirmed the project's economic attractiveness, which is a positive signal for investors.

The company has a solid financial position as it is debt-free and has a cash position of $50 million USD. This financial stability enables Discovery Silver to react flexibly to market changes and make investments in project development without relying on external financing.

Overall, Discovery Silver Corp. shows strong fundamentals and a promising project, making it a potentially attractive investment for investors interested in the silver industry. However, investors should consider the volatility of the commodity market and the specific risks of the mining sector.

Dividend payout: No dividend (as of 2025)

Discovery Silver Corp. currently does not pay a dividend to its shareholders. The company focuses on the exploration and development of silver projects, particularly the Cordero project in Mexico.

As Discovery Silver Corp. is in a growth and development phase, it reinvests its funds into project development and exploration rather than paying out dividends. This is typical for companies in the resource exploration sector that require capital to advance their projects. A future dividend policy could be considered once the company transitions into the production phase and generates stable revenues.