Dolly Varden Silver Corp.

Dolly Varden Silver is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects: the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits since it comprises the same structural and stratigraphic settings that host numerous other high-grade deposits (Eskay Creek and Brucejack). The Big Bulk property is prospective for porphyry- and skarn-style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM and Red Chris).

Expert Comments:

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Stuart McDougall, Research Capital Corporation

On Feb. 25, 2022, Dolly Varden Silver Corp. successfully closed the Homestake Ridge acquisition from Fury Gold Mines and completed a separate $5.3M equity financing with Hecla Mining under that company's anti-dilution rights. On the back of these developments, we reiterate our Speculative Buy rating and increase our target price."

The Critical Investor

"After a failed hostile takeover attempt of Dolly Varden Silver Corp. in in the past, Hecla Mining now resorts to maintaining its pro rata equity interest in the company these days, as it exercised its anti-dilution right regarding the Homestake Ridge transaction. This time it is going to invest CA$5.3M at a share price of CA$0.59 in Dolly Varden, maintaining its equity interest at 10.25%. . .it is nice to have additional cash with lots of drilling planned."

headshot of Geordie Mark

Geordie Mark, Haywood Securities

"To consolidate the mineral potential of the Kitsault Valley (a former mining district), Dolly Varden Silver Corp. has proposed to acquire the Homestake Ridge project for $5M cash and the issuance of 76.5M common shares to Fury Gold. . .consolidation of this land package, which would extend for 15 km and have a 163 sq km footprint, brings together combined Indicated resources hosting 34.7 Moz silver and 166 Koz gold."

headshot of Rick Mills

Rick Mills, Ahead of the Herd

"Dolly Varden Silver Corp. continues to return high-grade silver results from the southern end of the highly mineralized Golden Triangle, one of only a few pure-play silver districts in the world, and the largest such project in all of Canada. The first batch of drill assays from 2021 saw silver grades exceeding 1,500 g/t; the latest assays, the first of 21 drill holes left to report, returned up to 1,220 g/t."

Rick Mills, Ahead of the Herd

"Assays are pending for the 21 holes at Dolly Varden Silver Corp.'s namesake project completed at the high-grade Torbrit and Kitsol silver deposits. In the spring, when the company returns to the property with boots on the ground, we expect to see continued investigation of the Dolly Varden project targets, including the Wolf vein extension and Western gold-copper belt."

After Dolly Varden Silver announced the transaction with Fury Gold Mines regarding the Homestake Ridge Project, the Critical Investor looked into future potential coming from combining Homestake with the Dolly Varden Project, and exploration potential.
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Bob Moriarty
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Stuart McDougall, Research Capital Corporation

"Dolly Varden Silver Corp. announced a proposed acquisition of the Homestake Ridge project from Fury Gold Mines. . .Dolly Varden is offering $5M in cash and 76.5M shares, for an implied value of about $50M as of Dec. 3's closing price. . .our initial analysis suggests the terms to be fair and value adding to Dolly Varden shareholders."

More Expert Comments

Experts Following This Company

– The Critical Investor
The Critical Investor – The Critical Investor
Michael Gray, Analyst – Agentis Capital
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Geordie Mark
Geordie Mark, Head, Mining Research – Haywood Securities
Clive Maund – CliveMaund.com
Stuart McDougall, Mining Analyst, Equity Research – Research Capital Corporation
headshot of Rick Mills
Rick Mills Ahead of the Herd
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold

Company News 

5/17/2022 – Dolly Varden Silver Mobilizes Three Drill Rigs to Commence an Initial 30,000 Meters of Resource Expansion, Upgrade and Exploration Drilling

3/31/2022 – Dolly Varden Silver Announces Closing of Private Placement for Gross Proceeds of $13 Million led by Eric Sprott and Hecla Mining

3/9/2022 – Dolly Varden Silver Announces Proposed Share Issuance for Financial Advisory Services

3/7/2022 – Dolly Varden Silver Announces $10 Million Flow-Through Brokered Private Placement

2/28/2022 – Dolly Varden Silver Welcomes Tim Clark and Michael Henrichsen to the Board of Directors and Ivan Bebek as an Advisor

2/25/2022 – Dolly Varden Silver and Fury Gold Mines Complete Consolidation of the High Grade Silver-Gold Kitsault Valley Project

2/23/2022 – Dolly Varden Silver Announces $5.3M Investment by Hecla

2/22/2022 – Dolly Varden Silver Announces Shareholder Approval of Previously Announced Acquisition of Homestake Resource Corporation at Special Meeting

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Advanced stage, high-grade silver and gold project
Located in a safe jurisdiction, Golden Triangle, BC
catalyst Calendar
Q2-Q3 2022 Drilling
Drill Results
Drill results
Updated 43-101 Results