From Silver to Gold - A Transformational Acquisition

What does the acquisition of the Porcupine Mine mean for Discovery Silver? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Tony Makuch, CEO of Discovery Silver, at the 2025 BMO Global Metals, Mining and Critical Minerals Conference in Hollywood, Florida. Makuch discusses Discovery Silver's recent acquisition of the Porcupine mine in Ontario from Newmont, a move that expands the company's focus beyond silver to include gold production. He highlights the potential for significant value creation through cost reduction, production growth, and exploration upside at Porcupine. Makuch also updates on the progress of the Cordero project in Mexico and the company's strategy to become a leading precious metals producer.Key points:- Acquisition of Porcupine mine from Newmont- Rationale behind diversifying into gold- Potential to transform Porcupine into a Tier 1 asset- Permitting progress for the Cordero project in Mexico.- Strategy to become a low-cost precious metals producer.Special thanks to our sponsor, First Majestic, for making this coverage possible. Visit https://www.firstmajestic.com/ to learn more. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.