Discovery Silver ( (TSE:DSV) ) just unveiled an announcement.
Discovery Silver Corp. reported its financial results for Q4 and FY 2024, highlighting a transformative year as it aims to become a major North American precious metals producer. The company has made significant progress on its Cordero project in Mexico, a leading silver development project, and is optimistic about advancing towards construction by the end of the year. Additionally, Discovery is set to acquire Newmont Corporation’s Porcupine Complex, transforming it into a new Canadian gold producer with multiple operations and substantial growth potential. This acquisition, along with a US$575 million financing package, positions Discovery for significant leverage in gold and silver markets and improved financial strength.
More about Discovery Silver
Discovery Silver Corp. is a North American precious metals producer focusing on gold and silver. The company is working towards becoming a diversified producer with operations in the Timmins Camp and the Cordero project in Mexico, a leading silver development project.
YTD Price Performance: 158.18%
Average Trading Volume: 352,281
Technical Sentiment Signal: Sell
Current Market Cap: $569.5M
Learn more about DSV stock on TipRanks’ Stock Analysis page.