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Discover Silver aims to grow production

ByVictoria

Discovery Silver is making a significant move into the gold sector with its acquisition of the Porcupine mine in Ontario, Canada, from Newmont. The deal, discussed by CEO Tony Makuch in an interview at the 2025 BMO Global Metals Mining and Critical Minerals Conference, marks a shift for the company, which has been primarily known as a silver developer in Mexico.

“The other part of value creation here is you take assets that are not Tier 1 assets at this point in time, and you convert them to Tier 1 assets,” he explained.

Source – KITCO News

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    Kiyosaki wrote, “GOOD NEWS for people with not much money. I am buying more silver eagles today.”

    “The good news is silver is the biggest investment bargain today.” He added, “Gold has already hit all-time highs. I have plenty of Bitcoin. And silver is still 50% below its all-time high… today about $35.”

    “If a poor person bought a few ounces of gold or silver, or 1/2 of a Bitcoin…. I predict they may become the new rich….once this Depression is over.”

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    Silver Tightness Pushes Silver Prices And The SILJ ETF Higher

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    Silver lower, trading at $34.29

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    Silver prices edged lower Tuesday, giving back some of Monday’s strong gains that saw the market break through key resistance at $33.70. The retreat reflects profit-taking as traders reassess short-term positioning, with rising attention on the U.S. dollar and gold’s technical posture.

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    Gold prices and futures up

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    As economic uncertainty deepens worldwide, gold prices have notched more and more record highs.

    The going price for New York spot gold hit a record $3,424.24 per troy ounce — the standard for measuring precious metals — as of close Monday. That’s about $1,097 higher than a year ago.

    The price of spot gold is up more than 30% since the start of 2025, per the data firm FactSet. By contrast, the stock market has tumbled. The benchmark S&P 500 is down over 12% this year.

    Gold futures also reached a record early Tuesday, briefly surpassing the $3,500 mark for the first time before falling closer to $3,444 by mid-morning.

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