Dolly Varden Silver Announces Agreement to Quadruple Tenure Area in the Golden Triangle by Acquiring Hecla Mining Company's Adjacent Kinskuch Property
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
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Source: Yahoo Finance
Acquisition Announcement: Dolly Varden Silver Corporation has entered into a definitive agreement to acquire 100% of Hecla Mining Company's Kinskuch property, consolidating their project areas in British Columbia's Golden Triangle and significantly increasing the size of the Kitsault Valley Project to approximately 77,000 hectares.
Transaction Details: The acquisition involves a payment of $5 million through the issuance of common shares to Hecla, which will also retain a 2% net smelter return royalty on the Kinskuch property. The transaction is subject to regulatory approvals and is expected to enhance exploration efficiency and unlock value for both companies.
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About DVS
Dolly Varden Silver Corporation is a mineral exploration company focused on advancing its 100% held Kitsault Valley Project (which combines the Dolly Varden Property, the Homestake Ridge Property and the Kinskuch Property) located in the Golden Triangle of British Columbia, Canada, 25kms by road to tide water. The 770 square-kilometer project hosts the silver and gold resources of Dolly Varden and Homestake Ridge along with the past-producing Dolly Varden and Torbrit silver mines. The Kitsault Valley Project also contains the Big Bulk property, which is prospective for porphyry and skarn style copper and gold mineralization. Its Porter Property hosts the past producing Porter Idaho silver mine. It also owns American Creek Property (consisting of the Mountain Boy Property, the Silver Crown Property and the Dorothy Property), the Theia Property, the BA Property, and the Red Cliff Property, with an area totaling over 20,000 hectares.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
