Franco-Nevada, a leading gold-focused royalty and streaming company, has announced a strategic partnership with Discovery Silver Corporation, a Mexico-based mining company. This partnership will allow Franco-Nevada to expand its already impressive gold portfolio by gaining exposure to Discovery Silver’s projects in Mexico.
Discovery Silver’s assets include the Cordero project, which is one of the largest undeveloped silver resources in the world. By partnering with Discovery Silver, Franco-Nevada will have the opportunity to benefit from the potential growth of this promising asset.
This move underscores Franco-Nevada’s commitment to diversifying its precious metals portfolio and taking advantage of opportunities in the mining industry. The company’s CEO, Paul Brink, expressed enthusiasm for the partnership, stating that it aligns well with Franco-Nevada’s long-term growth strategy.
Investors and analysts have reacted positively to the news, with TipRanks ranking Franco-Nevada as a “strong buy.” The partnership with Discovery Silver is expected to further bolster Franco-Nevada’s position in the gold market and drive value for shareholders.
Overall, this partnership represents a strategic move for Franco-Nevada as it continues to strengthen its presence in the mining industry and capitalize on opportunities for growth.
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