Discovery Mining Ltd.

Notable vs. Peers

• Trading within 0% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Advance Exploration Permit for Borden (Ontario Ministry of Northern Development and Mines) authorizing construction of an underground ramp and extraction of a 30,000t bulk sample, received April 2017 per Goldcorp's Q2 2017 disclosures. Exact day within April 2017 not confirmed from available primary sourcing -- recorded reached-but-undated. Asset-level history under prior owner Goldcorp, predating Discovery Silver's April 2025 acquisition of the Porcupine Complex (see script header). · Source
2. Construction decision (FID)

   Not yet reached · RULING (Task #693): Discovery Mining has never made a construction decision, and this row exists only to record that where the gate looks. Disputed=true, undated -- it asserts no milestone. Task #672 already ruled this a legitimate divergence but recorded it in MetricStatus only, where neither the audit nor a reader of the company page can see it; this pass re-verified the ruling and moves it onto the row. Hard dates confirmed this pass: (1) PORCUPINE COMPLEX acquired from Newmont, completed 2025-04-15 (announced 2025-04-16: 'Discovery Silver Corp. ... today reported the completion of the previously announced acquisition of Newmont Corporation's Porcupine Operations'), for US$200m cash plus ~119.7m shares plus US$150m deferred. It comprises Hoyle Pond, Borden, Pamour, and the Dome mine and mill -- all built by Goldcorp/Newmont, Borden reaching first production Oct 2019 under Goldcorp/Newmont, which is already this miner's FIRST_PRODUCTION row. (2) KIDD OPERATIONS acquired from Glencore Canada, completed 2026-06-01 (cited above), for US$10m plus offtake plus a 1% NSR. Kidd Creek opened in 1966 -- sixty years of production predating Discovery entirely. (3) CORDERO (Chihuahua, Mexico), the one asset Discovery would build itself, has explicitly NOT reached a construction decision as of its Q2 2026 release (2026-08-13): the MIA is still awaiting SEMARNAT approval and the land-use permit fee 'will follow the approval of the MIA application'. Earlier guidance of a construction decision by early 2025 was not met. A 2024 feasibility study exists; no board construction approval has ever been announced. So this is not a record that is missing -- it is a decision that has never been taken. Recheck Cordero specifically; that one CAN become closable. · Source
3. Construction start

   Reached — date not disclosed · Surface infrastructure and exploration-ramp construction underway through 2017, with the 30,000t bulk sample targeted for Q3 2018 per Goldcorp's contemporary disclosures. No single dated 'construction start' release found; recorded reached-but-undated. Asset-level history under prior owner Goldcorp, predating Discovery Silver's April 2025 acquisition (see script header). · Source
4. First pour / production

   Oct 2019 · Newmont Goldcorp announced the Borden mine (Chapleau, Ontario) achieved commercial production safely, on schedule and within budget, following the official inauguration the prior week (Sept 23, 2019). Asset-level history under prior owner Newmont Goldcorp, predating Discovery Silver's April 2025 acquisition of the Porcupine Complex (see script header) -- Borden ore is processed at the Porcupine mill DSV now operates. · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Discovery Mining Ltd. (renamed from Discovery Silver Corp. in June 2026, ticker unchanged at DSV) transformed from an explorer into a gold producer by acquiring Newmont's Porcupine Complex (Hoyle Pond, Hollinger, Pamour, Dome mines near Timmins, Ontario) on 2025-04-15, then added the Kidd Operations (copper/zinc/silver) in June 2026. The Porcupine mines have long, continuous production histories under prior owners (Newmont and predecessors) predating Discovery's ownership -- no single 'Discovery-era' commercial-production date applies, and Pamour specifically is still described as ramping toward commercial levels as of the most recent reporting. Discovery reported record Q2 2026 gold production and revenue. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.