Dolly Varden Silver Corp. Highlights Outstanding Gold‑Silver Potential in British Columbia

Dolly Varden Silver Corporation (TSX: DV, NYSE: DVS, FSE: DVQ) continues to advance its flagship Kitsault Valley silver‑gold project located in the Golden Triangle of northwestern British Columbia. The company’s recent drilling results confirm a substantial resource, with the project now reported to contain 64 million ounces of silver and 983 000 ounces of gold.

The announcement, issued by the company on 1 December 2025, was covered by The Au Report, where analyst Craig Stanley of Raymond James commended the scale of the resource and the quality of the mineralisation. According to the press release, the Kitsault Valley property remains wholly owned by Dolly Varden and is the focus of the company’s exploration strategy.

Contextualising the Findings

The Kitsault Valley site is situated within the Golden Triangle, an area that has attracted significant mining interest due to its proven track record of high‑grade base‑metal and precious‑metal deposits. Dolly Varden’s latest drilling results reinforce the company’s position as a specialist in silver‑gold exploration and development in this prolific region.

While the news release does not disclose specific assay grades or depths, the 64 million‑ounce silver figure places the project among the larger silver‑gold prospects in Canada. The company’s ongoing work is expected to refine the resource estimates and, eventually, to support a development plan that could deliver commercial production.

Financial Snapshot

  • Market capitalisation: 594 million CAD (as of 1 December 2025)
  • Stock price: 6.49 CAD on 1 December 2025
  • 52‑week high: 7.46 CAD (30 September 2025)
  • 52‑week low: 3.21 CAD (7 April 2025)
  • Price‑earnings ratio: –18.96 (negative due to pre‑production status)

The company’s valuation metrics reflect its exploration‑stage profile, with a negative P/E ratio indicative of the lack of earnings and the ongoing capital expenditures required to advance the Kitsault Valley project.

Outlook

Dolly Varden’s focus on the Kitsault Valley property aligns with broader market trends favouring high‑grade, low‑cost silver and gold projects in North America. The recent confirmation of a 64 million‑ounce silver resource, coupled with a near‑million‑ounce gold reserve, positions the company favorably for potential funding rounds or joint‑venture discussions.

Investors monitoring the company should watch for forthcoming drilling results that could upgrade the resource to a measured‑indicated or inferred status, thereby enhancing the project’s commercial viability. The company’s continued emphasis on exploration and development within the Golden Triangle may also attract attention from larger mining firms seeking to expand their silver‑gold portfolios.

All information is derived exclusively from the supplied financial and news sources.