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.

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 To learn more about Dolly Varden Silver, visit:
 https://dollyvardensilver.com/

00:50 - Dolly Varden Origin Story and Kitsault Valley Project
01:14 - Building Resources, Capital, and District Scale Land Package
02:22 - High Grade Drill Results and 2026 Drill Program
03:52 - Hecla Deal and Golden Triangle Land Consolidation
04:52 - Why Dolly Varden Is Merging With Contango Ore
07:33 - Investor Support and Shareholder Vote Process
08:27 - Transaction Timeline and Contango Silver & Gold Rebrand
09:40 - Direct Shipping Ore (DSO) Model and Production Pipeline
11:49 - Production Timeline Toward 2030s Output
12:20 - Year-Round Exploration Strategy After the Merger
13:24 - 2026 Catalysts: Drilling, Permitting, and Growth Plans
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