Three North American miners outline growth plans across gold and silver assets

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North American miners' growth plans

Highlights

Discovery Mining expects gold production to reach 260,000–300,000 ounces in 2025, with Q2 2026 output up 33% year over year and revenue at $319.1 million.
1911 Gold begins underground development at True North Gold Project in spring 2026, with test mining in fall and a commercial production decision expected in first half of 2027.
Kuya Silver achieves record Q2 2026 production of 5,097 tonnes mined and 23,912 ounces of silver processed, targeting 150,000–200,000 silver-equivalent ounces in 2026.

Company updates from Beaver Creek

As reported by Weiss Ratings, Discovery Mining, 1911 Gold and Kuya Silver are among the miners highlighted after executive interviews at the Beaver Creek Precious Metals Summit in Avon, Colorado. The profiles focus on operating progress and development plans rather than formal investment recommendations.

Discovery Mining, traded in Toronto and OTC markets as DSV and DSVSF, is positioning itself as a growing Canadian gold producer after its April 2025 deal with Newmont. The company’s Porcupine Complex near Timmins, Ontario, includes underground and open-pit mines as well as the historic Dome mine and mill, while it also retains its Mexican silver asset.

Executive vice president of investor relations Mark Utting says the company is working on a Nasdaq listing as output rises. Porcupine produces nearly 235,000 ounces of gold in 2025, and management expects 260,000 to 300,000 ounces this year; in Q2 2026, production reaches 67,309 ounces, up 33% year over year, while revenue hits a record $319.1 million and net earnings total $52.1 million.

1911 Gold, listed as AUMB and AUMBF, is advancing the True North Gold Project in Manitoba’s Rice Lake district. The company controls about 62,000 hectares and has a permitted processing plant, shafts and underground workings in place, with underground development beginning in spring 2026, test mining scheduled for this fall and a production decision that could support a commercial restart in the first half of 2027.

Kuya Silver, listed as KUYA and KUYAF, is building around the Bethania Silver Project in central Peru. In Q2 2026, the company mines a record 5,097 tonnes of mineralized material and processes 23,912 ounces of silver, while targeting 150,000 to 200,000 silver-equivalent ounces in 2026 and evaluating a possible purchase of the Camila flotation plant.

Our earlier analysis of the Nasdaq 100 (NDX) covered the index’s rebound after a volatile selloff driven by AI supply-chain worries and higher financing costs for tech companies. We noted that despite the bounce, the NDX remained below key moving averages, with mixed momentum and oversold signals pointing to continued near-term uncertainty and close attention to the 29,868 resistance level.

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