Q: Good Morning,
Thooughts this morning on DSV announcing the acqusition of the Kidd Creek properties from Glencore in Timmins?
Seems positive and provides a path forward for DSV to double their gold prodcution.
thanks
Thooughts this morning on DSV announcing the acqusition of the Kidd Creek properties from Glencore in Timmins?
Seems positive and provides a path forward for DSV to double their gold prodcution.
thanks
5i Research Answer:
Versus DSV's $9B market cap it is not a hugely material deal, but it further consolidates the Timmins area. Infrastructure is good, as is the land package. This deal alone will not double production, that is a bit of a misleading statement. But it will support growth and looks good overall.