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Location: 24 km N from Timmins, Ontario, Canada
11335 Highway 655 NorthP.O. Bag 2002TimminsOntario, CanadaP4N 7K1
Stay on top of the latest gold discoveries. Examine the latest updates on drilling outcomes spanning various commodities.
Mining scale, mining and mill throughput capaciites.Full profiles of select mines and projects.
Shaft depth, mining scale, backfill type and mill throughput data.Full profiles of select mines and projects.
Equipment type, model, size and quantity.Full profiles of select mines and projects.
Camp size, mine location and contacts.Full profiles of select mines and projects.
Discovery anticipates closing of the Transaction during the first half of 2026.
The transaction consideration comprises US$10 million payable in Discovery shares at closing, with a potential deferred payment of up to US$75 million (in cash or shares, at Discovery’s election) subject to receiving the required permits to deposit gold tailings in the Kidd TMA, together with the assumption of environmental and rehabilitation obligations and the grant to Glencore of a 1.0% NSR royalty on future production from part of the land package.
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Kidd Mine is a VMS Cu-Zn-Ag deposit. Mineralisation occurs within a rhyolitic volcanic/volcaniclastic sequence as massive sulphide lenses of dominantly pyrite-pyrrhotite-sphalerite-galena-rich ores that are underlain by copper in chalcopyrite stringer zones.Mine 5 is the down dip extension of the Kidd Mine deposit which is a VMS Cu-Zn-Ag deposit. Ore Reserves previously reported under Mine 5 are now reported under Kidd within the approved mining plan that lies within the remaining Kidd Mine life. Mineral Resources are reported from 2,940 m to 3,430 m (9,800 ft to 11,200 ft) depth, excluding any material reported under Kidd that lies within the remaining Kidd Mine life. Additional mineralisation continuity is identified to 3,840 m (12,600 ft) depth.
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