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Discovery Silver initiated with an Outperform at Scotiabank

Scotiabank initiated coverage of Discovery Silver (DSVSF) with an Outperform rating and C$15 price target The company’s flagship asset is the Porcupine Complex, a set of producing mines located in Timmins, Ontario, the analyst tells investors in a research note. The firm says Discovery has the potential to “dramatically improve” processing capabilities through its recent acquisition of the Kidd Operations.

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