Discovery Silver Corp. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Cormark Securities Inc. on behalf of a syndicate of agents pursuant to which the Company intends to issue up to 37,500,000 common shares in the capital of the Company at a price of C$1.20 per Common Share for gross proceeds of up to approximately C$45,000,000 million.
“Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” stated Allen Palmiere, President and CEO.
Bruce Smith, President & CEO, states: “We are pleased with the progress at Plata Verde and look forward to completing the Option Agreement with Fresnillo and moving on to drill test the compelling targets promptly.”
Jody Kuzenko, President & CEO of Torex, stated: “We had an excellent start to 2023, with first quarter production of 122,918 ounces driven by record throughput in the processing plant and another quarterly record established on mining rates at the El Limón Guajes Underground.”
Relations with the community where the Company’s La Gitana project is located are being strengthened. Among the objectives of the Company’s dialogue is to explore the many ways the project can benefit the community.
In the first quarter of 2023, the San Jose Mine produced 1.3 million ounces of silver and 8,231 ounces of gold, slightly lower when compared to the equivalent period in 2022. Production results are aligned with the mining sequence and Mineral Reserves.
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