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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