Dolly Varden Deal Adds Gold Cash Flow to Silver Strategy

Dolly Varden Silver (TSXV: DV) is advancing its high-grade Kitsault Valley project in British Columbia’s Golden Triangle while preparing for a transformative merger with Contango Ore. Speaking with Kitco Mining at PDAC 2026, President and CEO Shawn Khunkhun said the transaction brings gold production and development expertise into Dolly Varden’s growing silver district.Over the past six years, the company has raised $185 million, consolidated multiple past-producing mines across a 100,000-hectare land package, and drilled about 200,000 meters. The project currently hosts 64 Moz of silver at roughly 300 g/t along with about 1 Moz of high-grade gold, with a new resource estimate expected in May 2026. “We’ve got 64 million ounces of silver at roughly 300 grams per ton, complemented by a million ounces of high-grade gold,” Khunkhun said. Recent drilling has also returned 1,400 g/t silver over 20 meters at the Wolf vein, highlighting the district’s high-grade potential.Khunkhun said the merger strengthens the company’s path toward development. “Dolly Varden, through this merger, is buying gold production cash flow,” he said.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Dolly Varden Silver, visit: https://dollyvardensilver.com/00:50 - Dolly Varden Origin Story and Kitsault Valley Project01:14 - Building Resources, Capital, and District Scale Land Package02:22 - High Grade Drill Results and 2026 Drill Program03:52 - Hecla Deal and Golden Triangle Land Consolidation04:52 - Why Dolly Varden Is Merging With Contango Ore07:33 - Investor Support and Shareholder Vote Process08:27 - Transaction Timeline and Contango Silver & Gold Rebrand09:40 - Direct Shipping Ore (DSO) Model and Production Pipeline11:49 - Production Timeline Toward 2030s Output12:20 - Year-Round Exploration Strategy After the Merger13:24 - 2026 Catalysts: Drilling, Permitting, and Growth Plans__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.