It seems the market is about to get a new gold producer. The development follows Newmont’s continued sell off of non-core assets within its portfolio, following its 2023 acquisition of Newcrest Mining.
The latest transaction will see Discovery Silver (TSX: DSV) become a producer.. of gold.
The deal, which will see the establishment of Discovery as a producer approaching mid-tier status with 285,000 ounces of production a year, is predicated on a large financing package from Franco Nevada, which will introduce a new royalty to the asset.
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One Response
Wow my New discovery of a, five mile long vein that’s 75.3 percent grade magnetite and averages 1500 lb of steel 487 oz silver 48 oz gold 160 oz palladium 9 pounds copper and two pounds sterling silver is nothing compared to that . Now upon production the laws say my surface value is 100 percent tangible that’s why upon production I’ll hire a state geologist to do a report and my 15 million tons on the surface is estimated to be around 4.7 trillion then I’ll have the money to drill the estimated 400 million tons under it. Wonder how much the iron man mine will be worth.