Discovery Mining rebrands as gold producer after AGM
Discovery Mining Ltd. shareholders approved a name change from Discovery Silver Corp. at the AGM held on June 22, 2026, reflecting the company's shift to gold production. All director nominees were elected, and resolutions regarding auditor appointment, corporate continuation, and board size were passed with overwhelming support.
*this image is generated using AI for illustrative purposes only.
Discovery Mining Ltd. shareholders approved a name change from Discovery Silver Corp. at its Annual General and Special Meeting held on June 22, 2026. The rebrand reflects the company's transformation into a growing gold producer, with a production profile that includes copper, zinc, and silver. The company continues to advance the Cordero silver project in Mexico, one of the world's largest undeveloped silver deposits.
Shareholders elected all director nominees with overwhelming support. The voting results for each nominee are detailed below:
| Name of Nominee | Votes cast FOR | % votes cast FOR | Votes WITHHELD | % votes WITHHELD |
|---|---|---|---|---|
| Murray John | 558,901,794 | 95.7% | 24,902,835 | 4.3% |
| Anthony Makuch | 575,186,718 | 98.5% | 8,617,911 | 1.5% |
| Barry Olson | 557,528,099 | 95.5% | 26,276,530 | 4.5% |
| Ingrid Hibbard | 581,499,218 | 99.6% | 2,305,411 | 0.4% |
| Lee Hodgkinson | 559,269,945 | 95.8% | 24,534,684 | 4.2% |
| Daniel Vickerman | 549,309,042 | 94.1% | 34,495,587 | 5.9% |
Other Resolutions
The meeting also passed several other resolutions. PricewaterhouseCoopers LLP, Chartered Accountants, was appointed as the company's auditor for the ensuing year. Shareholders approved the continuation of the company's corporate existence from British Columbia's Business Corporations Act to Ontario's Business Corporations Act. Additionally, the Board of Directors was empowered to determine the number of directors within the limits set out in the company's articles.
The voting results for these resolutions are as follows:
| Resolution | Votes cast FOR | % of votes cast FOR | Votes cast AGAINST | % of votes cast AGAINST |
|---|---|---|---|---|
| Appointment of Auditors | 613,647,290 | 99.7% | 1,832,404 | 0.3% |
| Corporate Continuation Resolution | 582,677,814 | 99.8% | 1,126,814 | 0.2% |
| Board Size Resolution | 612,560,714 | 99.5% | 2,197,977 | 0.5% |
| Name Change Resolution | 613,282,448 | 99.6% | 2,197,245 | 0.4% |
Further details are available in the Management Information Circular dated May 13, 2026 and the formal report on voting results filed on SEDAR+.
What is the anticipated timeline for the company to achieve commercial gold production status?
How will the rebranding to Discovery Mining Ltd. impact the company's strategy for advancing the Cordero silver project?
What are the projected capital requirements to fund the transition into a multi-commodity producer?
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