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Canadian gold producer in Ontario's Timmins camp (Porcupine, Kidd mines), also developing the Cordero silver deposit in Mexico.
Canadian gold producer in Ontario's Timmins camp (Porcupine, Kidd mines), also developing the Cordero silver deposit in Mexico.
Earns from gold sold at market prices from the Porcupine mines in Ontario, bought from Newmont in 2025, and from copper, zinc and silver concentrates from the Kidd operations added in 2026. Cash flow is meant to help fund Cordero, a large Mexican silver deposit still to be built.
In one line: No close peer; a Mexico-silver-to-Ontario-gold miner..
Moat: none. Mid-tier miner without a structural cost advantage; value rests on the Timmins assets and Cordero's scale.
Headquarters: Toronto, Canada · Employees: 58
Size Discovery Mining (DSV.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $6.44B, the 103rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$11.09 on 6 Nov 2026.
Performance Over six months the shares gained 19.0%, against -19.8% for the median peer and +5.2% for the Canada market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 683.9% over the last twelve months (peer median +30.5%); the operating margin is 38.3% (peer median 27.3%).
Valuation It trades at 17.6× forward earnings against a peer median of 13.3× (6th most expensive of 18).
Capital Return on invested capital runs 53.4 points above its cost of capital (14.7% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.54B | C$913M | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | C$729M | C$390M | -C$379,061 | -C$363,744 | -C$289,338 |
| EBITDA | C$838M | C$425M | -C$19.0M | -C$20.5M | -C$43.6M |
| Net income | C$334M | C$149M | -C$20.9M | -C$15.8M | -C$41.1M |
| Free cash flow | C$167M | C$241M | -C$30.6M | -C$35.4M | -C$39.5M |
| Capital expenditure | C$436M | C$287M | C$9.83M | C$33.8M | C$408,573 |
| Total debt | C$118M | C$9.04M | C$1.47M | C$410,414 | C$549,799 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Discovery Mining DSV.TO | $6.44B | +19% | +684% | 38% | 17.6× | 19.9% |
| Lundin Gold LUG.TO | $17.0B | +7% | +36% | 65% | 16.0× | 9.9% |
| First Majestic Silver AG.TO | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% |
| Agnico Eagle Mines AEM.TO | $98.4B | +6% | +41% | 59% | 16.9× | 8.4% |
| Kinross Gold K.TO | $26.4B | -25% | +30% | 51% | 8.5× | -3.9% |
| Equinox Gold EQX.TO | $13.5B | -17% | +63% | 36% | 9.7× | 21.0% |
| IAMGOLD IMG.TO | $10.8B | +6% | +83% | 48% | 9.1× | 1.4% |
| Endeavour Mining EDV.TO | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% |
| Orla Mining OLA.TO | n/a | -34% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DSV.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.8% | -12.7% | 4th highest of 21 |
| 6-month return | +19.0% | -19.8% | highest of 21 |
| Distance from 52-week high | -17.4% | -44.5% | highest of 21 |
| Revenue growth (TTM) | +683.9% | +30.5% | highest of 20 |
| Operating margin | 38.3% | 27.3% | 5th highest of 20 |
| Forward P/E | 17.6× | 13.3× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 19.9% | 4.2% | 2nd most demanding of 14 |
| ROIC minus cost of capital | +53.4 pp | +5.7 pp | 2nd highest of 21 |
| EV / EBITDA | 10.3× | 6.7× | 2nd most expensive of 9 |
| Net debt / EBITDA | -0.5× | -0.5× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Discovery Mining DSV.TO | Canada | $6.44B | +19% | +684% | 38% | 17.6× | 19.9% | n/a |
| Aura Minerals AUGO | United States | $6.52B | -5% | +89% | 53% | 10.6× | -6.0% | +25.2% |
| NMDC NMDC.NS | India | $6.55B | -22% | +27% | 27% | 7.4× | 5.2% | +15.8% |
| PLS PLS.AX | Australia | $6.33B | -56% | +152% | 43% | 10.6× | 2.5% | +61.6% |
| MP Materials MP | United States | $6.31B | -47% | +72% | -17% | 248.7× | n/a | n/a |
| Inner Mongolia Xingye Silver and Tin Mining 000426.SZ | China | $6.23B | -42% | +38% | 49% | 13.1× | 7.8% | +42.6% |
| Sandfire Resources SFR.AX | Australia | $6.20B | -4% | +32% | 32% | 13.3× | 9.2% | +25.8% |
| Aurubis NDA.DE | Germany | $6.73B | -35% | +23% | 6% | 15.1× | n/a | n/a |
| Capstone Copper CS.TO | Canada | $6.01B | -8% | +30% | 32% | 9.4× | 9.8% | +40.2% |
| Nanya New Material Technology 688519.SS | China | $5.90B | -5% | +104% | 17% | 55.2× | n/a | n/a |
| Yunnan Lincang Xinyuan Germanium Industry 002428.SZ | China | $7.09B | +3% | +54% | 13% | 230.8× | n/a | n/a |
| Yunnan Chihong Zinc & Germanium 600497.SS | China | $5.76B | -15% | +29% | 10% | 13.8× | 4.4% | +4.6% |
| China Nonferrous Mining 1258.HK | Hong Kong | $5.73B | -19% | +11% | 28% | 7.4× | -14.6% | +5.8% |
| Xinjiang Daqo New Energy 688303.SS | China | $5.69B | -20% | -23% | -62% | n/a | n/a | n/a |
| Wanguo Gold 3939.HK | Hong Kong | $7.31B | +6% | +79% | 67% | 20.2× | 1.7% | +17.0% |
| Yunnan Tin 000960.SZ | China | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% | -0.5% |
| NexGen Energy NXE.TO | Canada | $5.57B | -31% | n/a | n/a | n/a | n/a | n/a |
| Baiyin Nonferrous 601212.SS | China | $5.49B | -35% | 0% | 5% | n/a | n/a | n/a |
| China Rare Earth Resources And Technology 000831.SZ | China | $7.57B | -7% | -2% | 15% | 103.1× | 53.1% | +14.0% |
| Jinduicheng Molybdenum 601958.SS | China | $8.06B | -15% | +7% | 32% | 13.6× | 4.2% | +13.7% |
| Asia-Potash International Investment (Guangzhou) 000893.SZ | China | $5.08B | -32% | +40% | 36% | 11.6× | -3.3% | +72.1% |