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An announcement from Discovery Silver ( (TSE:DSV) ) is now available.
Discovery Silver Corp. has announced a major acquisition of Newmont’s Porcupine Complex in Ontario, Canada, for $425 million. This move positions Discovery as a prominent player in the Canadian gold production sector, backed by a robust $555 million financing package. The acquisition is expected to enhance the company’s market presence and operational capabilities, supported by a management team with extensive experience in the Timmins Camp.
More about Discovery Silver
Discovery Silver Corp. is a Canadian company focused on gold production with a significant mineral resource base. It operates in the mining industry, particularly in a Tier 1 jurisdiction, offering potential for growth and value creation.
YTD Price Performance: 23.58%
Average Trading Volume: 163,649
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $272.8M
Learn more about DSV stock on TipRanks’ Stock Analysis page.
