Discovery Silver Boosts Gold Output 44% at Hoyle Pond, Acquires Glencore’s Kidd Operations
Event summary
- Discovery Silver produced 60,269 ounces of gold in Q1 2026, with Hoyle Pond output up 44% YoY due to higher grades.
- Acquired Glencore’s Kidd Operations for processing, tailings, and exploration upside in Timmins.
- Average realized gold price was $4,908 per ounce, with 59,445 ounces sold.
- Jeffrey Parr, Director, will not stand for re-election at the June 2026 AGM.
The big picture
Discovery Silver’s Q1 2026 results highlight its aggressive push to scale gold production in the Porcupine camp, while the Kidd Operations acquisition positions it for long-term infrastructure and critical mineral exposure. The board change signals a leadership transition amid rapid growth, reflecting the company’s shift from exploration to large-scale production.
What we're watching
- Operational Scaling
- Whether Discovery can sustain production growth as Hollinger open pit ramps up and mill throughput increases.
- Strategic Integration
- How the Kidd Operations acquisition will impact processing capacity and cost synergies.
- Exploration Upside
- The pace at which district drilling at Owl Creek, Broulan Pit, and TVZ converts into resource growth.
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