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The latest announcement is out from Mitre Mining Corporation Limited ( (AU:ASL) ).
Andean Silver Limited has announced significant progress in its drilling campaigns at the Cerro Bayo Silver-Gold Project in Chile, revealing extensive new mineralization outside the current resource. The latest drilling results support the company’s strategy to drive resource growth and enhance shareholder value by expanding its high-grade silver and gold resources. With a strong balance sheet and ongoing drilling efforts, Andean aims to update its resource estimates later this year, which will underpin its restart strategy. The discovery of new mineralized veins and extensions to existing resources positions Andean favorably in the global silver market, where demand for silver exposure is rapidly increasing.
The most recent analyst rating on (AU:ASL) stock is a Buy with a A$3.05 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.
More about Mitre Mining Corporation Limited
Mitre Mining Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of high-grade silver and gold, with a significant emphasis on expanding its resource base to capitalize on the growing demand for precious metals.
Average Trading Volume: 1,031,126
Technical Sentiment Signal: Buy
Current Market Cap: A$169.9M
See more data about ASL stock on TipRanks’ Stock Analysis page.