Dolly Varden Silver

Contango Silver & Gold has completed its merger with Dolly Varden Silver; each Dolly Varden share was exchanged for 0.1652 voting Contango shares, or alternatively for exchangeable shares on the same basis. The transaction creates an equal 50/50 ownership structure and combines Contango’s Manh-Choh gold mine with Dolly Varden’s Kitsault Valley silver–gold project. The merged company holds more than US$100 million in cash, has a market capitalization of US$294 million and trades at US$17.90; Dolly Varden shares will be delisted from the TSX Venture and the NYSE American in due course. Management and the board have been appointed, and analysts expect rising earnings in 2026 with price targets between US$29 and US$50. » Más en de.investing.com