tiprankstipranks
Advertisement
Advertisement

Discovery Silver to buy Glencore’s Kidd Operations to drive major Timmins expansion

Story Highlights
  • Discovery Silver is acquiring Glencore’s Kidd Operations in Timmins, adding major processing capacity, a tailings facility and a skilled workforce.
  • The deal is expected to more than double Discovery’s Timmins gold output while cutting costs and unlocking significant exploration upside in base and precious metals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Discovery Silver to buy Glencore’s Kidd Operations to drive major Timmins expansion

Meet Samuel – Your Personal Investing Prophet

An update from Discovery Silver ( (TSE:DSV) ) is now available.

Discovery Silver has agreed to acquire Glencore Canada’s Kidd Operations in Timmins, Ontario, including the Kidd metallurgical site, tailings facility and the historic Kidd Creek copper, zinc and silver mine. The deal is structured to expand processing and tailings capacity, strengthen Discovery’s asset base in Timmins and add a large, skilled workforce to support future growth.

Management says the acquisition underpins a strategy to more than double gold production in Timmins to over 500,000 ounces a year by using Kidd’s fully permitted plant, tailings capacity and power to process ore from Pamour, Borden, Hoyle Pond and the TVZ zone. Discovery also highlights expected haulage and reclamation cost savings, improved siting for new infrastructure, and substantial exploration upside for both critical minerals and precious metals at and around Kidd Creek.

The most recent analyst rating on (TSE:DSV) stock is a Hold with a C$12.50 price target. To see the full list of analyst forecasts on Discovery Silver stock, see the TSE:DSV Stock Forecast page.

Spark’s Take on TSE:DSV Stock

According to Spark, TipRanks’ AI Analyst, TSE:DSV is a Neutral.

The score is primarily supported by the sharp 2025 improvement in profitability and cash flow alongside a conservatively leveraged balance sheet. This is offset by a demanding valuation (very high P/E) and only moderate/neutral technical signals with high volatility risk.

To see Spark’s full report on TSE:DSV stock, click here.

More about Discovery Silver

Discovery Silver Corp. is a Canadian mining company focused on precious and base metals, with key operations and growth plans centred in the Timmins mining camp in Ontario. The company produces gold and is expanding its exposure to copper, zinc and silver, while leveraging large-scale processing, tailings and exploration assets to build a broader regional production hub.

YTD Price Performance: 34.49%

Average Trading Volume: 4,259,261

Technical Sentiment Signal: Buy

Current Market Cap: C$9.13B

See more insights into DSV stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1