TSXV:DV - Post Discussion
Post by
MarketMakerss on Jan 15, 2024 4:58pm
Mexico Could Run Out of Silver by 2026
Worsening silver's global supply-demand balance, the world's largest silver producer, Mexico, could mine all of its existing reserves within two years, causing a detrimental impact to the silver supply deficit.
In the macro market, silver production is now declining double digits annually for the first time in almost a decade, thus output this year is expected to fall by 16 million ounces
Focused on advancing one of the largest high-grade and underdeveloped precious metal assets in British Columbia's Golden Triangle, Dolly Varden Silver (DV.v DOLLF) is strongly positioned amid this dynamic market.
As detailed by its CEO Shawn Khunkhun in "Reawakening of Past Treasures: Our Journey", DV's the Kitsault Valley Project is a large, high-grade and pure silver project located in a safe jurisdiction and in the most unexplored part of the Triangle: https://youtu.be/3oaY-bJ-dRg?si=v6b73u-iWhVB__EH The Golden Triangle has a strong history and marks the richest 20km on the planet for gold, silver and copper mineralization.
[Combined Resource Picture]
Spanning 163 sq. km., the Project is located south of the high-grade Brucejack and Eskay Creek gold mines and is considered prospective for hosting further precious metal deposits.
Growing from a $20M market cap to a $200M in last 3 years, DV has raised $65M from a range of top mining investors and 50% of the company is held by institutional miners including America's largest silver producer, Hecla Mining, as one of their top shareholders.
As the precious metals bull market continues to strengthen with gold moving to new highs, DV is committed to continuing to grow mineral inventory.
Despite having grown its market cap by 10x, increased its share price by 300%, DV considers itself only 15% of the way through its journey at Kitsault due to the amount of prospectively and new discoveries remaining, Khunkhun concludes.
Posted on Behalf of Dolly Varden Silver Corp.
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