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Tier One Tony: Mining, Legacy & the $425M Deal
Tony Makuch and his team at Discovery Silver (DSV:TSX) have made the acquisition of the cycle buying the Porcupine Gold Camp from Newmont Mining (NEM:NYSE) for $425 million or one times next years operating cash flow.
Tony Makuch and his team know these assets - in Tony’s hometown of Timmins, Canada, intimately having operated all of them before.
This is unfinished business for the Makuch family - Tony’s father worked on the +10 million ounce Dome Mine until he was 74 years of age.
We recently sat down with Tony to ask him whether the Porcupine Gold acquisition was about a family legacy or dollars and cents.
Read more here
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