Dundee to Acquire 60% Stake in Westhaven's Projects with C$85M Investment
Westhaven Gold and Dundee Corporation announced that on December 19, the parties entered into a definitive earn-in agreement granting Dundee the sole and exclusive right to acquire up to a 60% interest in Westhaven's Shovelnose Gold Project, Prospect Valley Gold Project, Skoonka Gold Project and Skoonka North Project located in the Spences Bridge Gold Belt of southern British Columbia upon the funding by Dundee of certain project expenditures totalling C$85,000,000, including a firm commitment to invest at least C$30,000,000. Dundee's interest in the Projects, when earned, will be held through a newly incorporated subsidiary of the Company In addition, Dundee has also agreed to subscribe, on a private placement basis, for 12,000,000 common shares of Westhaven at a price of C$0.25 per share, for aggregate gross proceeds to Westhaven of C$3,000,000. Key Highlights: Up to C$85,000,000 in staged project expenditures: Dundee can earn up to a 60% interest in the Projects by funding up to C$85,000,000 in project expenditures. Firm Commitment of C$30,000,000: Dundee has committed to fund a minimum of C$30,000,000 in project expenditures. Expected 2026 project expenditures of C$20,000,000: Westhaven's intended work program to include infill resource and geotechnical drilling at the South Zone gold deposit, targeted exploration drilling at the Shovelnose Property, an expanded environmental baseline program and the launch of project engineering studies in support of a Pre-Feasibility Study. 2026 Shovelnose drilling permit in place: The 2026 drill plans are supported by a multi-year Notice of Work authorization allowing 650 drill pads to be completed through to January 30, 2029. Concurrent C$3,000,000 Financing: Expected to close by December 31, 2025 and intended to ensure continuity in planning and initiating the 2026 work program including the start of drilling in February 2026.
Trade with 70% Backtested Accuracy
Analyst Views on DC
About DC
About the author
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
Dundee Corporation Sells Borborema Royalty for $45 Million
- Transaction Closure: Dundee Corporation has successfully closed the sale of its Borborema royalty for a total of $45 million, comprising $30 million in cash and $15 million in common shares of GROY, thereby strengthening its balance sheet.
- Strategic Value Realization: This transaction not only reflects Dundee's strategic decision-making in capital restructuring but also lays the groundwork for generating sustainable future cash flow, showcasing the company's confidence in mining investments.
- Net Asset Value Assessment: Dundee's net asset value per share stands at $8.28, while the share price as of January 20, 2026, is $4.41, indicating a 47% discount that highlights the market's undervaluation of the company, presenting an investment opportunity.
- Future Outlook: Dundee anticipates further enhancing shareholder returns through ongoing strategic investments and value unlocking initiatives, solidifying its market position in the mining sector.
Top Analysts Recommend Purchasing These 3 Penny Stocks Immediately
Investment Opportunities: Five-star Wall Street analysts have identified several penny stocks as Buys, suggesting significant potential gains from current price levels.
Quantum-Si (QSI): This biotechnology company focuses on protein sequencing technology, with a Buy rating and a price target of $4, indicating a potential upside of over 222%.
Opus Genetics (IRD): A clinical-stage biopharmaceutical company targeting eye disorders, it has a Buy rating and a price target of $6, suggesting an upside of more than 210%.
Dakota Gold Corp (DC): Engaged in mineral property exploration, particularly for gold, it has a Buy rating with a price target of $14, representing a potential upside of over 256%.
Spot Silver Continues Decline, Currently Down 6% at $67 per Ounce
- Market Performance: Silver prices have experienced a decline, dropping 6% to $67 per ounce.
- Trend Analysis: The recent downturn in silver prices indicates a potential shift in market dynamics.
Gold Prices Soar to New Heights, Exceeding $5,300 an Ounce Before FOMC Meeting
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
Spot Silver Reaches All-Time High of $115.13/Oz, Surging More Than 11%
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.
Spot silver briefly surpassed $100 per ounce before retreating to $99.93.
- Silver Price Movement: Silver prices rose above $100 per ounce during intraday trading.
- Price Adjustment: Following the peak, prices slightly decreased to $99.93 per ounce.
Dundee Corporation Sells Borborema Royalty for $45 Million
- Transaction Closure: Dundee Corporation has successfully closed the sale of its Borborema royalty for a total of $45 million, comprising $30 million in cash and $15 million in common shares of GROY, thereby strengthening its balance sheet.
- Strategic Value Realization: This transaction not only reflects Dundee's strategic decision-making in capital restructuring but also lays the groundwork for generating sustainable future cash flow, showcasing the company's confidence in mining investments.
- Net Asset Value Assessment: Dundee's net asset value per share stands at $8.28, while the share price as of January 20, 2026, is $4.41, indicating a 47% discount that highlights the market's undervaluation of the company, presenting an investment opportunity.
- Future Outlook: Dundee anticipates further enhancing shareholder returns through ongoing strategic investments and value unlocking initiatives, solidifying its market position in the mining sector.
Top Analysts Recommend Purchasing These 3 Penny Stocks Immediately
Investment Opportunities: Five-star Wall Street analysts have identified several penny stocks as Buys, suggesting significant potential gains from current price levels.
Quantum-Si (QSI): This biotechnology company focuses on protein sequencing technology, with a Buy rating and a price target of $4, indicating a potential upside of over 222%.
Opus Genetics (IRD): A clinical-stage biopharmaceutical company targeting eye disorders, it has a Buy rating and a price target of $6, suggesting an upside of more than 210%.
Dakota Gold Corp (DC): Engaged in mineral property exploration, particularly for gold, it has a Buy rating with a price target of $14, representing a potential upside of over 256%.
