Mining Stock Daily Discovery's Mark Utting on the Growth Potential at Porcupine
Sep 18, 2025
Mark Utting, Senior VP of Investor Relations at Discovery, shares exciting updates on the company's Cordero Project in Mexico and its strategic acquisition of Porcupine assets near Timmins. He discusses the operational upgrades aimed at boosting production and extending mine life. Utting elaborates on the merits of the Porcupine acquisition and addresses the undervaluation of Cordero, highlighting optimism for new permits that could enhance shareholder value. Tune in for insights into the future potential of these mining projects!
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Porcupine Acquisition Was Locally Driven
- Discovery acquired Porcupine after Newmont divested non-core assets, bringing local management expertise into Timmins.
- Mark Utting says the timing and local roots made the acquisition transformational for the company.
Multiple Upside Opportunities At Porcupine
- Porcupine contains three operating mines plus multiple projects that can add new operations and extend life.
- Upping investment in exploration, ventilation and fleets can grow production and cut costs substantially.
Dome Project Could Add Major Value
- Iconic Dome has an 11 million ounce resource and could be returned to production after study and resource upgrading.
- Even the base-case technical report implies a multi-billion dollar NPV for the Timmins assets at current gold prices.