TSX:DSVMetals and Mining
Discovery Mining (TSX:DSV) Stock Rises On Output Growth As Margins Tighten
Discovery Mining came into this earnings report with the stock up 43.7% over the past month and sitting at CA$11.38 after Friday's close. The market has been pricing in a growth story. The Q2 print delivered record gold production of 67.3 thousand ounces and revenue of US$319.1m, yet earnings per share of US$0.06 underlined a clear margin squeeze as heavier capital and operating spend pulled on the bottom line. For investors, the headline is simple: output is ramping, but profitability is...