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Discovery Mining

www: dsvmining.com   email: info@dsvmining.com
Category: Emerging Major
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Symbol Data

Symbol Currency
TSE:DSV CAD
OTCMKTS:DSVSF USD

Description

Discovery Mining are a gold and silver focused emerging major with one producing mine in Canada and one mine in development in Mexico. Currently they produce roughly 275koz. of gold per year. They have approximately 16Moz. of gold and 700Moz. of silver in the reserves and resources category of which 4Moz. of gold and 500Moz. of silver are in the measured and indicated category. They have a market capitalisation of ~$6679.88M which is a rise of roughly 14% over the last four months. As of 04/14/2026 they have no debt and ~$364M cash. They have 810M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 04/14/2026
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
MCap (FD): $5,834.50M $6,679.88M 08/13/2026 $845.38M
MCap (OS): $5,730.85M $6,617.37M 04/14/2026 $886.51M
Total Assets: $1,795.00M $1,795.00M 04/14/2026 $0.00M
Total Liabilities: $1,168.00M $1,168.00M 04/14/2026 $0.00M
Current Assets: $526.00M $425.00M 05/14/2026 $-101.00M
Current Liabilities: $284.00M $284.00M 04/14/2026 $0.00M
Total Debt: $0.00M $0.00M 04/14/2026 $0.00M
Cash: $411.00M $364.00M 08/13/2026 $-47.00M
Debt (Net): $-411.00M $-364.00M $47.00M
Enterprise Value: $5,423.50M $6,315.88M $892.38M
Cash Flow: $489.68M $356.10M never $-133.57M
Cash Flow Multiple: 11.92 18.76 never 6.84
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 04/14/2026 n/a
Misc 04/14/2026
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 810,344,608 810,344,608 04/14/2026 0
Shares (FD): 825,000,000 818,000,000 08/13/2026 -7,000,000
Insider Ownership: 20% 30% 08/13/2026 10%
Dividend (Annual): n/a n/a 08/13/2026 n/a
Company Type: Mostly Silver Mostly Silver never n/a
Group: Producer Producer never n/a
Production ETA: n/a 06/01/2025 04/14/2026 n/a
Production (Gold Eq Oz.): (guess) 
275,000
(guess) 
275,000
04/14/2026 0
Production (Silver Eq Oz.): (guess) 
16,959,185
(guess) 
18,502,802
04/14/2026 1,543,617
Development Phase: Producer (Multiple Mines) Producer (Multiple Mines) 04/14/2026 n/a
Optionality Play: none No
F
U
T
U
R
E
% of Spot: 25
Producer: Quality
25
Producer: Quality
04/14/2026 0
Cash Flow Multiple: 18 18 04/14/2026 0.00

Resource Data

GOLD 04/14/2026
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.30M 2.30M 04/14/2026 0.00M
Measured & Indicated: 4.00M 4.00M 04/14/2026 0.00M
Inferred: 12.00M 12.00M 04/14/2026 0.00M
Reserves & Resources: 16.00M 16.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 1.96M 1.96M 04/14/2026 0.00M
Measured & Indicated: 3.11M 3.11M 04/14/2026 0.00M
Inferred: 5.10M 5.10M 04/14/2026 0.00M
Reserves & Resources: 8.21M 8.21M never 0.00M
C
U
R
R
E
N
T
Annual Production: (guess) 
275,000oz.
(guess) 
275,000oz.
04/14/2026 0oz.
Cash Cost: $2,100 $2,100 04/14/2026 $0.00
Extra Operating Cost: $900 $1,000 05/14/2026 $100.00
Total: $3,000 $3,100 05/14/2026 $100.00
Margin (Free Cash Flow): $1,781 (37%) $1,295 (29%) $-485.72
MCap / Production (AuEq): $21,216.36 $24,290.48 $3,074.12
EV / Production (AuEq): $19,721.81 $22,966.85 $3,245.03
G
R
A
D
E
Underground (Avg): 7.00 g/t 7.00 g/t 04/14/2026 n/a
Open Pit (Avg): n/a 1.00 g/t 04/14/2026 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 08/13/2026 0.00%
F
U
T
U
R
E
Proven & Probable: 10.00M 10.00M 04/14/2026 0.00M
Annual Production: 600,000oz. 500,000oz. 04/14/2026 -100,000oz.
Cash Cost: $2,300 $2,200 04/14/2026 $-100
Extra Operating Cost: $900 $1,000 05/14/2026 $100
SILVER 04/14/2026
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 300.00M 300.00M 04/14/2026 0.00M
Measured & Indicated: 500.00M 500.00M 04/14/2026 0.00M
Inferred: 200.00M 200.00M 04/14/2026 0.00M
Reserves & Resources: 700.00M 700.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 255.00M 255.00M 04/14/2026 0.00M
Measured & Indicated: 391.00M 391.00M 04/14/2026 0.00M
Inferred: 85.00M 85.00M 04/14/2026 0.00M
Reserves & Resources: 476.00M 476.00M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 04/14/2026 $0.00
Extra Operating Cost: n/a n/a 04/14/2026 $0.00
Total: $35.00 $35.00 04/14/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $344.03 $361.02 $16.99
EV / Production (AgEq): $319.80 $341.35 $21.55
G
R
A
D
E
Underground (Avg): n/a n/a 04/14/2026 n/a
Open Pit (Avg): n/a 80.00 g/t 04/14/2026 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 08/13/2026 0.00%
F
U
T
U
R
E
Proven & Probable: 500.00M 500.00M 04/14/2026 0.00M
Annual Production: 14,000,000oz. 14,000,000oz. 04/14/2026 0oz.
Cash Cost: $20.00 $20.00 04/14/2026 $0.00
Extra Operating Cost: $15.00 $15.00 04/14/2026 $0.00

Property

Last Analysis Data  (04/14/2026)
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Prod Porcupine
100 show
16M oz of resources
Open pit and Underground
Acquired from Newmont in 2025

Size: 140,000 ha
Dev Cordero
100 650.00 show
Huge project they are trying to sell or option.

500 million oz of silver at 90 gpt (80 to 85% recovery)

Large offsets in zinc and lead.

Economic at $22 silver.

25% IRR at $22 silver.

Size: 35,000 ha
Current Data
Stage Name Owned
%
NPV
$M
IRR
%
CapEx
$M
Au Ag Cu Notes
Prod Porcupine
100 show
16M oz of resources
Open pit and Underground
Acquired from Newmont in 2025

Size: 140,000 ha
Dev Cordero
100 650.00 show
Huge project they are trying to sell or option.

500 million oz of silver at 90 gpt (80 to 85% recovery)

Large offsets in zinc and lead.

Economic at $22 silver.

25% IRR at $22 silver.

Size: 35,000 ha

Profitability (by resource)

Proven &
Probable
04/14/2026
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 32.10% 34.03% n/a 1.93%
Percentage Silver: 67.90% 65.97% n/a -1.93%
Total (Gold Eq. Oz.): 7.16M 6.76M n/a -0.41M
Total (Silver Eq. Oz.): 441.84M 454.75M n/a 12.91M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 6.09M 5.74M n/a -0.34M
Silver Eq. Oz.: 375.56M 386.54M n/a 10.97M
Maximum Profit (Gold): $3,481.15M $2,531.57M n/a $-949.58M
Maximum Profit (Silver): $10,842.60M $7,731.60M n/a $-3,111.00M
Total Maximum Profit: $14,323.75M $10,263.17M n/a $-4,060.58M
Max Profit / Current MCap: 2.455 1.536 n/a -0.919
Max Profit Per Share (Gold): $4.22 $3.09 n/a $-1.12
Max Profit Per Share (Silver): $13.14 $9.45 n/a $-3.69
Total Max Profit Per Share: $17.36 $12.55 n/a $-4.82
Total Free Profit Per Share: $7.61 $1.23 n/a $-6.39
FD MCap / Gold Eq.: $958.06 $1,162.74 n/a $204.68
FD MCap / Silver Eq.: $15.54 $17.28 n/a $1.75
FD MCap / Per Metal
as % Spot Price:
20.04% 26.46% n/a 6.42%
EV / Gold Eq.: $890.57 $1,099.38 n/a $208.81
EV / Silver Eq.: $14.44 $16.34 n/a $1.90
EV / Per Metal
as % Spot Price:
18.63% 25.01% n/a 6.39%
Measured &
Indicated
04/14/2026
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 33.04% 34.99% n/a 1.95%
Percentage Silver: 66.96% 65.01% n/a -1.95%
Total (Gold Eq. Oz.): 12.11M 11.43M n/a -0.68M
Total (Silver Eq. Oz.): 746.68M 769.13M n/a 22.45M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 9.45M 8.92M n/a -0.53M
Silver Eq. Oz.: 582.85M 600.32M n/a 17.46M
Maximum Profit (Gold): $5,539.57M $4,028.50M n/a $-1,511.07M
Maximum Profit (Silver): $16,625.32M $11,855.12M n/a $-4,770.20M
Total Maximum Profit: $22,164.89M $15,883.62M n/a $-6,281.27M
Max Profit / Current MCap: 3.799 2.378 n/a -1.421
Max Profit Per Share (Gold): $6.71 $4.92 n/a $-1.79
Max Profit Per Share (Silver): $20.15 $14.49 n/a $-5.66
Total Max Profit Per Share: $26.87 $19.42 n/a $-7.45
Total Free Profit Per Share: $17.12 $8.10 n/a $-9.02
FD MCap / Gold Eq.: $617.33 $748.67 n/a $131.35
FD MCap / Silver Eq.: $10.01 $11.13 n/a $1.12
FD MCap / Per Metal
as % Spot Price:
12.91% 17.03% n/a 4.12%
EV / Gold Eq.: $573.84 $707.88 n/a $134.04
EV / Silver Eq.: $9.31 $10.52 n/a $1.22
EV / Per Metal
as % Spot Price:
12.00% 16.11% n/a 4.10%

Reserves &
Resources
04/14/2026
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 58.50% 60.60% n/a 2.10%
Percentage Silver: 41.50% 39.40% n/a -2.10%
Total (Gold Eq. Oz.): 27.35M 26.40M n/a -0.95M
Total (Silver Eq. Oz.): 1,686.72M 1,776.53M n/a 89.81M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 15.93M 15.29M n/a -0.64M
Silver Eq. Oz.: 982.37M 1,028.46M n/a 46.09M
Maximum Profit (Gold): $14,620.84M $10,632.59M n/a $-3,988.25M
Maximum Profit (Silver): $20,239.52M $14,432.32M n/a $-5,807.20M
Total Maximum Profit: $34,860.36M $25,064.91M n/a $-9,795.45M
Max Profit / Current MCap: 5.975 3.752 n/a -2.223
Max Profit Per Share (Gold): $17.72 $13.00 n/a $-4.72
Max Profit Per Share (Silver): $24.53 $17.64 n/a $-6.89
Total Max Profit Per Share: $42.25 $30.64 n/a $-11.61
Total Free Profit Per Share: $32.50 $19.32 n/a $-13.18
FD MCap / Gold Eq.: $366.27 $437.00 n/a $70.74
FD MCap / Silver Eq.: $5.94 $6.50 n/a $0.56
FD MCap / Per Metal
as % Spot Price:
7.66% 9.94% n/a 2.28%
EV / Gold Eq.: $340.47 $413.19 n/a $72.72
EV / Silver Eq.: $5.52 $6.14 n/a $0.62
EV / Per Metal
as % Spot Price:
7.12% 9.40% n/a 2.28%

Future Valuation (Cash Flow & Totals)

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