Discovery Mining Ltd. (DSV) Financings
TSX: DSV · Gold, Silver · Production stage
- Market cap$9.59B
- Share price$11.78
- 52-week range$4.58 – $13.43
- Shares outstanding813,900,924
- ExchangeTSX
- Websitewww.discoverysilver.com
Discovery Mining Ltd. is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. Discovery is advancing plans to more than double annual gold production through investment in the Company's Porcupine assets, which include multiple operations, attractive growth projects and significant exploration upside in one of the world's most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd Operations in June 2026 further increased Discovery's land position within the camp, provided valuable infrastructure that will support the Company's growing gold business, and added critical minerals to the Company's current production profile. Discovery's silver exposure comes mainly from the 100%-owned Cordero project, one of the world's largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.
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Discovery Mining Ltd. financial statements
Key figures read from 40 of 40 financial statement filings, Jan 30, 2017 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 | Jan 2024 thousands | Dec 2023 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$410,667 | C$29,310,579 | US$44,567 | C$58,944,459 | C$46,220,938 |
| Short-term investments | — | — | — | — | C$0 |
| Total current assets | US$526,807* | C$33,004,428* | US$46,771* | C$61,859,596* | C$55,046,800* |
| Exploration and evaluation assets | — | C$84,949,272 | — | C$80,395,288 | C$32,867,024 |
| Property, plant and equipment | US$1,179,886 | C$2,775,518 | US$61,929 | C$1,511,446 | C$1,639,621 |
| Total assets | US$1,795,851 | C$122,882,786 | US$110,439 | C$146,065,998 | C$91,583,326 |
| Total liabilities | US$1,168,365 | C$10,894,573 | US$12,586 | C$16,644,892 | C$2,425,256 |
| Shareholders' equity | US$627,486 | C$111,988,213 | US$97,853 | C$129,421,106 | C$89,158,070 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$653,213 | — | — | — | — |
| Cost of sales | US$235,540 | — | — | — | — |
| Exploration and evaluation expense | US$7,167 | C$507,383 | C$3,743,940 | C$30,347,844 | C$25,155,757 |
| General and administrative | US$51,707 | C$12,977,449 | C$8,653,089 | C$5,431,363 | C$3,810,985 |
| Share-based compensation | US$4,979 | C$4,446,038 | C$5,673,104 | C$9,205,218 | C$6,786,606 |
| Impairments and write-downs | US$2,140 | C$0 | C$0 | C$1,124,398 | — |
| Net income (loss) | US$106,810 | (C$20,895,391) | (C$15,752,515) | (C$41,095,770) | (C$35,466,515) |
Cash flow statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$377,723 | (C$20,752,793) | (C$1,525,554) | (C$39,105,895) | (C$31,432,760) |
| Investing cash flow | (US$457,714) | (C$9,824,205) | (C$33,757,735) | C$14,591,427 | (C$5,886,054) |
| Financing cash flow | US$467,386 | C$1,029,125 | C$48,853,867 | C$14,475,188 | C$24,216,094 |
| Exploration spending (capitalized) | — | (C$9,831,226) | (C$33,407,547) | C$0 | (C$5,298,138) |
| Property, plant and equipment spending | (US$205,532) | — | — | — | — |
| Proceeds from share issues | — | C$1,711,653 | C$48,993,252 | C$14,524,378 | C$24,262,874 |
| Change in cash | US$390,297 | (C$29,633,880) | C$12,723,521 | (C$8,527,714) | (C$12,799,245) |
| Cash at end of period | US$410,667 | C$29,310,579 | C$58,944,459 | C$46,220,938 | C$54,748,652 |
Discovery Mining Ltd. financings
4 financings announced or closed by Discovery Mining Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-31 | Discovery Mining Ltd. (DSV) | Debt | Announced | $400.0M | — | Discovery Announces Increase and Extension of Revolving Credit Facility |
| 2025-09-15 | Discovery Mining Ltd. (DSV) | Debt | Announced | US$250.0M | — | Discovery Announces Agreement for US$250 Million Revolving Credit Facility |
| 2025-05-05 | Discovery Mining Ltd. (DSV) | Private placement | Announced | $500.0M | — | Discovery Files Final Base Shelf Prospectus |
| 2025-01-27 | Discovery Mining Ltd. (DSV) | Private placement, bought deal | Closed, 1 tranche | $2.30B | $0.900 | Discovery Announces Transformational Acquisition of Newmont’s Porcupine Complex THE BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE SHELF PROSPECTUS SUPPLEMENT FOR THE PUBLIC OFFERING AND ANY AMENDMENT TO THE DOCUMENTS WILL BE ACCESSIBLE WITHIN |
Discovery Mining Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Discovery Mining Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-07-31 | Credit facility, amended | — | US$400M | 0.675%, matures 2030-07-30 |
| 2025-09-15 | Credit facility, signed | Bank of Montreal (BMO) | US$250M | 0.788%, matures 2028-09-15 |