Exploration Breakthroughs Position British Columbia-Based Miner as Key Player in Silver Market

Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCQX) is garnering attention due to its promising exploration and development activities in the silver-rich regions of British Columbia. The company's robust exploration potential and strategic landholdings position it as a notable player in the silver mining sector, particularly in the historic and prolific Golden Triangle area. As the demand for precious metals continues to grow, fueled by both industrial applications and investment interests, Dolly Varden's developments and exploratory successes could play a significant role in meeting these market demands.

Why Silver?

Katsusa Research speaks highly of silver's place in the market. In a recent report, they stated, "Today, silver stands out for its practicality and affordability compared to gold. It’s not just for show; over 50% of silver serves industrial needs, powering sectors from electronics to metalworking."

These sentiments were echoed by Market Watch in an April 17 report, explaining, "Silver has been outpacing gold’s gain so far this year, and an annual report from the Silver Institute predicts that the global market for the metal is poised to mark a fourth straight yearly supply deficit."

That same day, Yahoo Finance had similar views on silver, writing in an April 17 report, "The use of silver in industrial applications hit a new high in 2023 for a third consecutive year, according to data released on Wednesday by the Silver Institute, an industry nonprofit."

Expert Opinions

In a May 6 report, technical analyst Clive Maund stated, "It was looking increasingly likely last week that the sector correction had run its course and gold and silver are starting the week strong. It therefore looks like another major upleg will begin imminently in many gold and silver (and copper) stocks."

Marcus Giannini, in a May 13 report, saw bright things ahead for mineral mining projects, Gianni said, "While we believe the opportunity for discovery within the greater land package remains a significant catalyst for future value creation, we also view the current endowment of defined gold and silver resources as a starting point for a modest underground and conventional mining and processing scenario."

In March, 321Gold founder Bob Moriarty looked at how Dolly Varden's ownership could play a part in making it a valuable assett for investors. Moriarty pointed out, "One factor that could really ignite Dolly Varden Silver shares is the tight ownership structure. Institutions own 47%, Fury Gold Mines owns 22% from the Homestake deal, Hecla Mining owns 15% with an eye on 19.9%, and Eric Sprott owns 9%. This leaves a float of just 7% for retail investors."

Jeff Clark of TheGoldAdvisor.com saw value in the management team of Varden and expressed that in an April 15 report. Clark told Streetwise,  "I became very interested, bought the stock, and recommended it on The Gold Advisor. And it's been great since then. I'm a big Shawn KhunKhun fan. He has literally transformed this company from a small project into a behemoth that is growing and is still going to get a lot bigger."

Ownership and Share Structure

Reuters provided a breakdown of the company's ownership and share structure, where management and insiders own approximately 3.92% of the company. According to Reuters, Chairman and CEO Collin Kettell owns 2.76% of the company with 5.16 million shares, and President Denis Laviolette owns 1.16% of the company with 2.18 million shares.

As for strategic investors, Eric Sprott owns 1.02% of the company with 1.90 million shares.

Reuters reports that institutional investors own approximately 46.41% of the company, as Palisades Goldcorp, Ltd. owns 25.03% of the company with 46.77 million shares, Sprott Mining Inc. owns 13.00% of the company with 24.30 million shares, 2176423 Ontario, Ltd., owns 5.56% of the company with 10.39 million shares, Van Eck Associates Corporation owns 2.39% of the company with 4.46 million shares, VanEck Asset Management B.V. owns 0.21% of the company with 0.40 million shares, Integrated Advisors Network L.L.C. owns 0.15% of the company with 0.29 million shares, and Citadel Advisors L.L.C. owns 0.07% of the company with 0.13 million shares.

There are 186.87 million shares outstanding with 96.07 million free float traded shares, while the company has a market cap of CA$578.89 million and trades in the 52-week period between CA$4.09 and CA$7.60.

Important Disclosures:

1. Dolly Varden is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. 
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of [COMPANY].
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
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