The miner reported a 124.7% year-over-year revenue surge and outlined 2026 production and cost guidance.
Discovery Mining reported Q2 GAAP earnings per share of $0.11 on revenue of $319.09 million, up 124.7% from the same period last year. The company attributed the growth to higher production and improved operational efficiency.
For 2026, Discovery Mining guided for back-half weighted production of 260,000 to 300,000 ounces of gold. Operating cash costs per ounce are projected at $1,250 to $1,400, with all-in sustaining costs (AISC) of $1,950 to $2,250 per ounce. Sustaining capital is forecast at $120 million to $165 million, while growth capital is expected to range from $195 million to $235 million.