Discovery Silver


Primary ticker: TSXV:DSV
Stage of development: Development
Primary minerals: Silver, Zinc
Project to promote: Cordero
Project location: Mexico

Corporate presentation: Click here

Corporate video: Click here

Discovery’s flagship project is its 100%-owned Cordero project, one of the world’s largest silver deposits. The PEA completed in November 2021 demonstrates that Cordero has the potential to be developed into a highly capital efficient mine that offers the combination of margin, size and scalability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.


Cash: CAD$60M

Debt: NIL


Major shareholders:
Eric Sprott – 25%

Jupiter Asset Management – 10%
Management Ownership – 8%

Management Profile

Tony Makuch – Interim CEO

Tony Makuch, an independent director of the Company has been appointed Interim Chief Executive Officer, effective immediately. Mr. Makuch is a professional engineer with over 35 years of significant industry and leadership experience and is well positioned to advance the Company’s strategy through this period of transition with the support of the Board of Directors and the Company’s management team. Mr. Makuch was most recently Chief Executive Officer of Kirkland Lake Gold Ltd., a leading senior global gold company with operations in Ontario and Australia.

What is your rationale for taking part 121 Mining Investment?

Investor awareness, market support, project financing

What recent news would you like to highlight to investors attending?

PFS project update – August 29

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Delivery of Pre-Feasibility Study on Cordero

6 Months:
Commencement of Feasibility Study


12 Months:
Completion of Feasibility Study

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Permitting – we have been very active on the ESG front to date
Market volatility – we have a very strong balance sheet which allows us to weather the recent market volatility

What do you think makes your company such a compelling investment?

We are developing one of the world’s largest silver deposits at a time when silver demand is expected to increase dramatically as the global shift to green energy takes off. 

What are the top 3 key investor takeaways?

Tier 1 silver project – based on the scale, profitability and capital efficiency of Cordero

Best in class management team – Tony Makuch and Tony Esplin (+20 years of senior executive experience with Newmont) both recently joined the company

Silver leverage – given the massive size of the silver deposit we offer significant leverage to the silver price at a time when silver demand is expected to increase dramatically