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Source document· March 2, 2026

Discovery Announces Acquisition of Glencore’s Kidd Operations

View original at finance.yahoo.com
Discovery Announces Acquisition of Glencore’s Kidd Operations Discovery Silver Corp…
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  • Discovery anticipates closing of the Transaction during the first half of 2026

    80% confidence

  • Discovery will continue with the current operating plan for both the Kidd Met Site and Kidd Creek Mine upon closing

    80% confidence

  • The Company intends to construct one, and possibly two, gold circuits at the Kidd Met Site to support future growth in gold production at Porcupine

    80% confidence

  • There is an opportunity to reduce reclamation costs at both Porcupine and Kidd by using Porcupine waste rock and gold tailings for Kidd tailings management

    80% confidence

  • The Acquisition provides important synergies that will augment current operations and delivers a large land package with tremendous exploration upside potential for copper, zinc, silver, other critical minerals and gold

    80% confidence

  • Discovery's investment could result in doubling production in Timmins while creating jobs for Canadians

    80% confidence

  • The Kidd Met Site would have been closed this year but with renewed confidence will be taken to the next level

    80% confidence

  • Haulage costs will be reduced significantly given that Hoyle Pond and Pamour are approximately one kilometre and three kilometres from the Kidd Met Site, respectively

    80% confidence

  • This acquisition reaffirms Ontario as a reliable partner building confidence to invest and expand mines in the province

    80% confidence

  • Acquiring the Kidd Operations provides an opportunity to substantially increase processing and tailings capacity and supports a growth trajectory that could more than double gold production in Timmins to over half a million ounces per year

    80% confidence

  • Discovery plans to deploy drills at Kidd Creek Mine and surrounding properties with substantial exploration upside to identify new mineral resources that could support future mining operations

    80% confidence
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Discovery Announces Acquisition of Glencore’s Kidd Operations — Source | Via News | es.VIA.NEWS