Discovery Silver Corp. Acquires Glencore’s Kidd Operations
March 2, 2026
Discovery Silver Corp. entered into a definitive agreement to acquire Glencore Canada Corporation’s 100% interest in the Kidd operations (the Kidd Metallurgical Site, Kidd tailings management area, and Kidd Creek copper, zinc and silver mine) in Timmins, Ontario. The transaction consideration includes $10 million in Discovery common shares, potential deferred payments up to $75 million, related offtake arrangements, and a 1% NSR royalty on future mineral production from a separate exploration land package.
- Buyers
- Discovery Silver Corp.
- Targets
- Kidd Operations (Kidd Metallurgical Site, Kidd tailings management area, and Kidd Creek Mine)
- Sellers
- Glencore Canada Corporation
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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