Company Overview

Discovery Silver Corp. is a Canadian mineral exploration and development company focused on the acquisition, advancement, and eventual development of precious metal assets, primarily silver. The company operates within the mining and natural resources industry, with its core activities centered on silver-dominant polymetallic deposits. Its primary value driver is the advancement of a large-scale silver project intended to support long-life, low-cost production. The company’s strategy emphasizes scale, resource growth, and technical de-risking rather than near-term production.

The company’s flagship asset is the Cordero Project, a large undeveloped silver resource located in northern Mexico, which positions Discovery Silver Corp. as one of the owners of the largest silver resources globally by tonnage. The project’s size, open-pit potential, and favorable metallurgy provide strategic positioning among pre-development silver companies. Discovery Silver Corp. was founded in 2017 and evolved through targeted asset acquisition and consolidation, transitioning from early-stage exploration toward advanced economic studies and project optimization.

Business Operations

Discovery Silver Corp.’s business operations are concentrated on mineral exploration, resource definition, engineering studies, and permitting activities. The company operates as a single-segment business focused on silver resource development, with no current commercial production. Revenue generation has not commenced, and activities are funded through equity financing and capital markets transactions typical of development-stage mining companies.

Operational control is maintained over the Cordero Project, including mineral concessions, geological data, and technical studies. The company manages drilling programs, metallurgical testing, mine planning, and environmental baseline studies through internal teams and specialized contractors. Discovery Silver Corp. does not currently operate joint ventures on its core asset, maintaining full ownership and strategic control.

Strategic Position & Investments

The company’s strategic direction is centered on advancing the Cordero Project toward a construction decision by improving project economics, optimizing mine plans, and progressing permitting and environmental approvals. Key growth initiatives include expanding and upgrading mineral resources, enhancing metallurgical recoveries, and evaluating infrastructure and processing efficiencies to lower projected operating costs.

Discovery Silver Corp. has historically pursued disciplined capital allocation, focusing investment primarily on its flagship asset rather than maintaining a diversified project portfolio. The company has not announced material acquisitions outside of land consolidation and claim acquisitions directly related to the Cordero land package. Its strategic exposure is concentrated in silver, with secondary byproduct exposure to zinc, lead, and gold, aligning the company with global demand for precious and industrial metals.

Geographic Footprint

Discovery Silver Corp. is headquartered in Canada, with corporate offices responsible for management, finance, and investor relations. Its operational footprint is primarily located in Mexico, where the Cordero Project is situated in the state of Chihuahua, a region with an established mining history and existing infrastructure.

While the company does not operate producing assets across multiple continents, its geographic influence extends through international capital markets and supply chains. Project development activities involve global engineering firms, technical consultants, and commodity market exposure tied to international silver pricing.

Leadership & Governance

Discovery Silver Corp. is led by an experienced management team with backgrounds in mining engineering, geology, project development, and capital markets. Leadership emphasizes technical rigor, shareholder alignment, and methodical advancement of large-scale assets through development milestones. The board and executive team include individuals with prior experience in advancing and financing mining projects in the Americas.

Key executives include:

• Tony Makuch – President and Chief Executive Officer
• Andrew Watson – Chief Financial Officer
• Peter McGloin – Vice President, Sustainability
• John McCluskey – Vice President, Technical Services
• Steve Shumway – Vice President, Corporate Development

The governance structure reflects standard Canadian public mining company practices, with oversight focused on capital discipline, environmental stewardship, and regulatory compliance.