3 Gold & Silver Miners to Watch: Executive Interviews - Weiss Ratings

AI desk brief

Weiss Ratings highlights two Canadian precious-metals developers/miners from the Beaver Creek summit. Discovery Mining is ramping Porcupine toward 260,000-300,000 oz gold in 2026 from nearly 235,000 oz in 2025, after Q2 production of 67,309 oz (+33% y/y), record revenue of $319.1 million and AISC of $2,154/oz; management still targets 500,000+ oz annual gold output over time and has optionality from Kidd and the 302 million oz Cordero silver asset.

1911 Gold is advancing True North in Manitoba toward a possible restart in 1H 2027, with a PEA calling for ~48,000 oz/year initially, rising to ~58,000 oz at steady state and peak production above 61,000 oz in 2031. The project has a permitted 1,350 tpd plant, projected AISC of US$1,897/oz, and district-scale upside from Ogama-Rockland and other nearby zones.