Discovery Mining Ltd.

TSX:DSV Stock Report

Market Cap: CA$9.3b

Discovery Mining Past Earnings Performance

Past criteria checks 3/6

Discovery Mining has been growing earnings at an average annual rate of 76%, while the Metals and Mining industry saw earnings growing at 22.2% annually. Revenues have been growing at an average rate of 95.7% per year. Discovery Mining's return on equity is 33.1%, and it has net margins of 21.7%.

Key information

76.02%

Earnings growth rate

66.51%

EPS growth rate

Metals and Mining Industry Growth27.39%
Revenue growth rate95.71%
Return on equity33.11%
Net Margin21.66%
Last Earnings Update30 Jun 2026

Recent past performance updates

Recent updates

Narrative Update Aug 14

(Deep Dive Series) Discovery Silver, World’s Largest Silver Reserve + Porcupine Gold Ramp, Hybrid Gold-Silver Giant Breakdown

In this deep dive video series, we discuss how Discovery Silver (TSX: DSV) transformed into a major Canadian gold producer with the Porcupine acquisition while holding one of the world’s largest undeveloped silver projects at Cordero. Also, explore their Q1 2026 results (60k+ oz Au, strong earnings), resource details, Kidd infrastructure upside, management strength from Kirkland Lake vets, valuation scenarios, risks, and catalysts for 500K oz gold growth.
Analysis Article Jul 27

The Discovery Mining Ltd. (TSE:DSV) Analysts Have Been Trimming Their Sales Forecasts

Today is shaping up negative for Discovery Mining Ltd. ( TSE:DSV ) shareholders, with the analysts delivering a...
Narrative Update Jun 01

Valuation Update (June 2026)

This is an updated, simplified FCF-based valuation incorporating all major projects (Porcupine gold production + growth, Kidd infrastructure/optionality, and Cordero silver development). Important Assumptions & Notes (conservative & transparent): Current data (as of late May 2026): ~810M shares outstanding, ~831M fully diluted (FD).
New Narrative Mar 01

Long Term Mine Reinvestment And Cordero Advancement Will Reshape This Precious Metals Producer

Catalysts About Discovery Silver Discovery Silver is a precious metals company focused on gold production in Canada and advancing the large Cordero silver project in Mexico. What are the underlying business or industry changes driving this perspective?
Narrative Update Feb 03

2026 Latest Number

🪙 Discovery Silver Corp. (TSX: DSV) Discovery Silver is now a diversified precious-metals story : a producing Canadian gold complex (Porcupine, Timmins camp) plus a tier-1, large-scale silver development project (Cordero, Mexico).
Narrative Update Sep 23

If silver reaches $75/oz

🪙 Discovery Silver Corp (DSV / DSVSF) – 2025 Update Latest verified info Shares Outstanding (basic): ~801 million shares. ( Discovery Silver Corp.

Revenue & Expenses Breakdown

How Discovery Mining makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:DSV Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 261,115242810
31 Mar 26938195820
31 Dec 25653107620
30 Sep 2537936520
30 Jun 25142-10410
31 Mar 250-21180
31 Dec 240-15140
30 Sep 240-14120
30 Jun 240-11140
31 Mar 240-9140
31 Dec 230-12150
30 Sep 230-15160
30 Jun 230-18220
31 Mar 230-24270
31 Dec 220-30330
30 Sep 220-27330
30 Jun 220-32320
31 Mar 220-30310
31 Dec 210-28280
30 Sep 210-27260
30 Jun 210-25230
31 Mar 210-19170
31 Dec 200-14130
30 Sep 200-12110
30 Jun 200-11100
31 Mar 200-1080
31 Dec 190-760
30 Sep 190-540
30 Jun 190-440
31 Mar 190-540
31 Dec 180-550
31 Dec 170-550
31 Aug 170-330
31 May 170310
28 Feb 170310
30 Nov 160310
31 Aug 160400
31 May 160000
29 Feb 160000
30 Nov 150000

Quality Earnings: DSV has a high level of non-cash earnings.

Growing Profit Margin: DSV became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: DSV has become profitable over the past 5 years, growing earnings by 76% per year.

Accelerating Growth: DSV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DSV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (134.7%).


Return on Equity

High ROE: DSV's Return on Equity (33.1%) is considered high.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 03:10
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Discovery Mining Ltd. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicolas DionATB Cormark
Colin HamiltonBMO Capital Markets Equity Research
Kevin O'HalloranBMO Capital Markets Equity Research