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AbraSilver Resource ( (TSE:ABRA) ) just unveiled an announcement.
AbraSilver Resource Corp. has successfully closed a private placement, raising $28.5 million and completing a total of $58.5 million in recent financings. This funding will bolster the company’s balance sheet, allowing it to accelerate the advancement of its Diablillos silver-gold project in Argentina. The involvement of key investors like Central Puerto and Kinross Gold underscores confidence in the project’s potential, positioning AbraSilver to enhance exploration and development plans.
More about AbraSilver Resource
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta and Catamarca provinces of Argentina.
YTD Price Performance: 22.54%
Average Trading Volume: 156,845
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $285.5M
Find detailed analytics on ABRA stock on TipRanks’ Stock Analysis page.