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.
Eric Sprott – 25%
Jupiter Asset Management – 10%
Management Ownership – 8%
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.
Investor awareness, market support, project financing
PFS project update – August 29
Commencement of Feasibility Study
Completion of Feasibility Study
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